Friday’s flash PMI releases suggest that price pressures continue to moderate in both the US and the Euro Area. Both regions recorded the greatest improvement in supplier delivery times since the beginning of their…
The German IFO delivered a positive surprise on Monday. The Business Climate Index increased from 91.1 to a 13-month high of 93.3, beating consensus estimates it would remain broadly unchanged. An unanticipated 2.8-point rise in…
CAD/NOK tends to trade in perfect harmony with the DXY, but a divergence has emerged of late. For one, the selloff in the Norwegian krone versus the Canadian dollar has not been associated with a similar rise in the DXY. The…
As expected, the Bank of England, Swiss National Bank, and Norges Bank all delivered rate hikes at their Thursday meetings, lifting interest rates by 25bps, 50bps, and 25bps respectively. In the case of the BoE, the Financial…
This week’s report looks at the banking crisis within the context of shrinking dollar liquidity and implication for FX markets.
UK inflation was hotter-than-anticipated in February. Headline CPI inflation accelerated from 10.1% y/y to 10.4% y/y – surprising consensus estimates it would slow to 9.9% y/y. The monthly rate increased to 1.1% m/m,…
According to BCA Research’s European Investment Strategy and Geopolitical Strategy services French aerospace and defense equities will benefit the most from rising defense spending and should be highly favored. The…
The ZEW Indicator of Economic Sentiment sent a negative signal for Eurozone risk assets. The expectations index for Germany tumbled from 28.1 to 13.0 in March – slightly below expectations of 15 and marking an end to the…
German PPI inflation decelerated from 17.6% y/y to 15.8% y/y in February – the lowest since September 2021. Although the February print came in above consensus expectations calling for a more significant slowdown to 14.5% y…