Category: General
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EurUsd Weekly Outlook for November 20, 2023 – Euro Climbs as Inflation Eases
U.S. inflation slows more than expected, and markets celebrate, beginning to hope for generous interest rate cuts by the Fed in 2024. Meanwhile, in Europe, a recession might be avoided, and the euro unexpectedly regains the 1.09 area
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EurUsd Weekly Outlook for November 6, 2023 – Markets Poised for December Fed Meeting Amid Inflation Shifts
As the world continues to watch with concern the escalating geopolitical tensions at Europe’s doorstep, inflation is showing signs of moderation that foster hope for less aggressive central banks in 2024. The Fed will closely monitor growth data, while the ECB will focus on inflation that is already noticeably slowing down. In the meantime, EurUsd…
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EurUsd Weekly Outlook for October 30, 2023 – Geopolitics Take Center Stage
The military tensions in the Middle East have led to a flight from risk, with interest rates remaining high due to the central banks’ firm resolve not to lose control of inflation, especially now as it risks rising due to geopolitical conflicts. Meanwhile, EurUsd is pressing again on key long-term support levels.
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EurUsd Weekly Outlook for October 16, 2023 – Will the Winds of War Stop the Fed?
The concern over a new outbreak of war, this time in the Middle East with Israel unjustly attacked by Palestinian terrorists, has directed investors towards safer assets such as gold and bonds. However, the Fed doesn’t seem inclined to ease up on rates, but the market remains hopeful. The dollar, in any case, benefits in…
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EurUsd Weekly Outlook for October 9, 2023 – Resilient Dollar, Global Ripples
In the U.S., the aftermath of the debt ceiling increase, formally postponed to November, continues, as macroeconomic data displays an enduringly robust economy, with September payrolls doubling expectations. The dollar remains sturdy, further bolstered by the new conflict in Israel. Meanwhile, the euro faces sales pressures largely due to bleak growth prospects, with certain countries…
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EurUsd Weekly Outlook for October 2, 2023 – Navigating Central Banks & a Potential Shutdown
In the U.S., the specter of a shutdown re-emerges amidst central banks’ staunch determination to curb inflationary pressures. The bond market takes a sharp downturn, equity markets retreat, while the dollar stands strong, asserting its position as the primary safe haven. Over in Europe, the euro’s faltering strength might present challenges for the ECB in…
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EurUsd Weekly Outlook for September 26, 2023 – The Fed prefers High Rates, Rate Cuts Might Return only at the end of 2024
In the United States, monetary policy will remain restrictive for a prolonged period, and the Fed foresees rate cuts only towards the end of 2024. This is good news for the dollar but bad news for bonds and the euro. Upcoming data will provide a clearer direction for a central bank that appeared more aggressive…
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EurUsd Weekly Outlook for September 18, 2023 – Inflation Remains Resilient
In the United States, we may have already seen the inflation low point for 2023, as the last two months have shown an uptick that could presage another round of increases driven by rising energy costs and wage pressures. Meanwhile, the European Central Bank raises interest rates but adopts a dovish tone that weakens the…
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Senate Passes Bipartisan Bill to Raise Debt Ceiling and Avert U.S. Default
The Senate passed a bill on Thursday evening, which had previously been approved by the House, to raise the debt ceiling and establish a cap on government spending for a two-year period. The legislation is now on its way to President Joe Biden, and he is expected to sign it on Friday. In his statement…
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UBS Anticipates $17 Billion Impact from Hasty Credit Suisse Acquisition
UBS, the Swiss banking giant, anticipates a financial setback of approximately $17 billion stemming from its expedited acquisition of Credit Suisse, as indicated in recent SEC filings. The bank’s calculations suggest a $13 billion impact due to alterations in the fair value of the newly merged entity’s assets and liabilities. Additionally, the bank is bracing…