In the upcoming weeks, it is expected that the current market trends, which started last month, will persist in adjusting. The markets have acknowledged the end of the tightening phase. Nevertheless, there has been a significant shift, with expectations set for substantial monetary easing by several G10 central banks, such as the Federal Reserve and the European Central Bank. Recent official statements and certain key economic indicators have led market participants to moderate their expectations, consequently decreasing the likelihood of …
Month: January 2024
This upcoming week is poised to be a significant one in the world of finance, starting with the initial estimate of the US’s GDP for the fourth quarter. This figure is subject to revisions over the next few years. Additionally, key policy meetings are on the schedule for several major central banks, including the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank in Norway. Markets are currently expecting a shift towards more lenient monetary …
In a world rattled by increasing conflicts, notably the deepening crisis in the Middle East and China’s continuous air incursions near Taiwan during its election period, the stock and commodity markets have surprisingly held their ground. Remarkably, despite these global tensions, the price of West Texas Intermediate (WTI) for February only fell by about 1.7% last week, and March Brent crude saw a mere 0.65% dip. The shifting dynamics, including the avoidance of the Red Sea for shipping, are driving …
The recent US employment data led to notable fluctuations in currency exchange rates and US interest rates throughout the day. However, by the end of the trading day, the dollar remained relatively stable against most major currencies, and the anticipated FED policy changes were largely unaffected. The futures market indicates roughly a 70% likelihood of a rate cut at the March meeting. The Dollar Index showed a marginal decline of less than 0.1%. December’s job figures were more robust than …