A majority of members on the New Zealand Institute of Economic Research (NZIER) Monetary Policy Shadow Board are urging the Reserve Bank of New Zealand to deliver another 25-basis-point cut at its November Monetary Policy Statement, taking the Official Cash Rate to Shadow Board members said the New Zealand economy is beginning to recover from
Swiss National Bank (SNB) President Martin Schlegel said that consumer-price growth in Switzerland is expected to accelerate a bit, Bloomberg reported on Saturday. Key quotes Inflation in our country is within the range of price stability — so between 0 and 2%. It is currently at the lower end of this range. Our monetary policy
A senior member of Japan’s government advisory panel spoke again on Sunday. He signalled that Tokyo is prepared to intervene more aggressively in the currency market to offset the economic strain caused by a weakening yen — a stance that aligns with Prime Minister Sanae Takaichi’s concerns about inflation. Takuji Aida, who also serves as
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Mon: Bank of Israel Announcement; German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov) Tue: PBoC MLF; US Consumer Confidence (Nov), Richmond Fed (Nov), US Retail Sales (Oct) Wed: RBNZ Announcement, UK Autumn Budget; Australian CPI (Oct), US Dallas Fed (Oct) Thu: US Thanksgiving, ECB Minutes (Oct), BoK Announcement; Chinese Industrial
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Global markets closed last week on an uncertain footing. While bears appeared to have an upper hand, the control was never firmly gripped. Conviction was relatively thin as traders were reluctant to commit decisively. The overall impression was of markets still searching for a coherent theme to latch onto. Equities in major centers reflected the
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Markets: S&P 500 up 1.0% Gold down $13 to $4060 WTI crude oil down $1.03 to $57.97 US 10-year yields down 3.9 bps to 4.065% Bitcoin down 2.6% to $84,926 JPY leads, CHF lags The mood darkened deeper early on Friday with stock futures sliding and bitcoin falling as low as $80,555. The turnaround initially
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EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1.1504, down 0.20%, after hitting a two-week low of 1.1491. Euro retreats 0.20% as weak US sentiment contrasts
The week ahead will not be as busy for the US given that it is Thanksgiving, which means data will be packed in the first three days of the week. There are still some high impact data releases from Asia and of course the highly anticipated UK budget, where Chancellor Rachel Reeves faces an unenviable
The President of the United States judges himself — seemingly every day — on the value of the Dow Jones Industrial Average. He is a person that can’t stand to see stock markets go down, even for a brief period. He has utterly convinced himself — and not entirely without reason — that American progress
West Texas Intermediate (WTI) US Oil trades around $57.60 on Friday at the time of writing, down 1.90% on the day. The Crude Oil extends its three-day losing streak, slipping below the $58.00 level as investors reassess geopolitical risks in Eastern Europe amid signs that a potential peace agreement in Ukraine may be taking shape.
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
New York Fed President John Williams delivered the day’s biggest surprise, signaling that he sees scope for another rate cut in the near term. As head of the New York Fed — a permanent FOMC voter and a traditional bellwether for committee consensus — his comments dramatically shifted the policy conversation. Only yesterday markets were
