Swiss Franc Bolts Higher as the SNB, BoE Join the Rate Hike Party While BoJ Dances Alone
The Swiss Franc has mostly held gains resulting from the SNB surprise hike, joining BoE tightening and leaving a dovish BoJ behind. Where to EUR/CHF?
The Swiss Franc has mostly held gains resulting from the SNB surprise hike, joining BoE tightening and leaving a dovish BoJ behind. Where to EUR/CHF?
Each of the commodity currency central banks are expected to hike rates by at least 50-bps at their next meetings.
The S&P 500 rallies after last week’s massive sell-off as dip buyers rush to scoop up beaten-down shares in hopes that the worst may be over ahead of Fed Powell’s congressional testimony.
Fund manager Cathie Wood says her portfolio will produce a 40% compound annual growth rate over the next five years. Market history and executive insiders suggest otherwise.
EUR/JPY and EUR/GBP rates are in bullish breakout territory, while EUR/USD rates are rangebound.
Some politicos blame greed for soaring prices at the pump, but petroleum industry analysts search for a deeper cause
Indices are positive as markets focus on Russian gas and Central Bank guidance.
Bitcoin prices may break below the psychologically important 20,000 level after sentiment collapsed on Wall Street. The Bank of Japan’s interest rate decision is set to cross the wires today.
Canada’s April retail sales grow at a healthy monthly pace of 0.9%, suggesting that consumer spending remains strong despite high inflation.
Japanese Finance Minister Mr Suzuki unable to commit to timing or sources of a policy response that would look to halt sharp, undesirable yen declines