Category Archives: News

RBA Indicates a Soft Hawkish Stance  The RBA, on Tuesday, left the cash rate unchanged at 4.35% during its December policy meeting, reflecting a softer hawkish bias. With Australia’s central bank moving closer to the possibility of joining its global peers in cutting rates, future policy decisions remain data-dependent, meaning the possibility for a shift […]

Deflationary Pressures Continue to Haunt China  On Monday, the National Bureau of Statistics reported that China’s consumer price index (CPI) was up only 0.2% y/y in November, compared with the 0.3% rise in October and well below the expected 0.5% increase.  (China CPI y/y and PPI y/y Chart, Source: LSEG Data Stream)  The world’s second-largest […]

US Dollar Rise on Stronger Nonfarm Payrolls  Last Friday, the increase in the jobless rate showed weakness in household employment data. The smaller and more volatile household survey that determines the unemployment rate showed a decrease of 355,000 jobs. In contrast, nonfarm payrolls increased by 227,000 in November, following an upwardly revised increase of 36,000 […]

Tax Hikes Weigh on U.K Economy  On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]

Trump’s Nomination of Paul Atkins Fans the Rally  On Thursday, President-elect Donald Trump announced his intention to nominate Paul Atkins to lead the U.S. Securities and Exchange Commission. Following the announcement, Bitcoin surged by over 3%, as Atkins is widely regarded as a pro-crypto candidate. Trump’s favorable stance on cryptocurrencies has encouraged small businesses to […]

Inflation Falls Short of Expectations  On Tuesday, data from the Federal Statistics Office revealed that Swiss annual inflation edged up to 0.7% in November from 0.6% in October, falling short of the forecasted 0.8%. Meanwhile, consumer prices dipped by 0.1% compared to the previous month, aligning with expectations.  (Switzerland CPI y/y, Source: Investing.com)  In 2024, […]

Euro Starts December Under Pressure  On Monday, the Euro softened against the US dollar amid concerns that the French government could collapse, potentially stalling efforts to address the country’s mounting budget deficit. The EURUSD pair extended its losses following strong US manufacturing data from ISM, declining by 0.73% to close at 1.0497.  (EURUSD Daily Price […]