Wednesday, 16 November 2022 Please click here to read the PDF version Markets • EUR/USD yesterday pierced key resistance at 1.0341/50/68 (2017 low/May2022 low/August2022 high). The technical break fast-tracked the pair’s rally, in first instance towards 1.04. Lower-than-expected US producer price inflation served as second accelerator towards 1.0475. Next intermediate Read more…
Friday, 14 October 2022 Please click here to read the PDF version Markets • This week’s long-drawn countdown to the US September CPI finally resulted in a few hours of extremely volatile trading annex a historic intra-day market reversal, in particular in US equities. Hoped for signals of inflation topping Read more…
Thursday, 15 September 2022 Please click here to read the PDF version Markets • Yesterday, markets entered calmer waters after the massive sell-off in both bonds and equities triggered by higher than expected US August inflation data published Tuesday. Yields moves were much more moderate compared to Tuesday. Even so, Read more…
Sunset Friday, July 15, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Dollar strength was the one constant in a week where inflation angst traded for recession worries and vice versa. That subsided somewhat as markets headed into the weekend. The greenback consolidated after surging to Read more…
Friday, 24 June 2022 Please click here to read the PDF version Markets • The German Bund excelled yesterday. European PMIs showed momentum weakening rapidly and more than expected. High inflation, ongoing supply snarls, uncertainty related to the war in Ukraine and tighter financial conditions heavily weigh on activity, demand Read more…
Tuesday, 17 May 2022 Please click here to read the PDF version Markets • Dismal monthly Chinese eco data (April) only dented risk sentiment somewhat during Asian dealing. Calm returned in Europe, also following big swings last week. German Bunds ceded ground, underperforming US Treasuries. Dynamics changed again somewhat as Read more…
Monday, 16 May 2022 Please click here to read the PDF version Markets • Markets ended a volatile week in peace last Friday. Main European and US equity indices recovered 2% and more though technical pictures remain heavy, screaming sell-the-uptick. The core bond corrective short squeeze grinded to a halt Read more…