To implement market-oriented policy tools to support small enterprisesTo maintain steady optimisation of credit structureWill step up cross-cyclical adjustmentsTo deepen market-based interest rate reformWill meet reasonable and effective financing demand while not resorting to flood-like stimulusThe

It was quite the spectacular rout in the bond market yesterday following the US CPI data release, as traders rushed to price in a 50 bps rate hike move by the Fed for March. Yields shot up dramatically and that is leaving for a couple of things to think about going into the weekend. Let’s take a loo

Cryptocurrencies
were under the pressure of strong data on inflation in the United States on
Thursday, which has updated 40-year highs. Such values can force the Fed to
raise interest rates faster, which is negative for all risky assets, including
cryptocurrencies.

 

Bitcoin
showed high volatili

He mentioned that:“The scientific prognoses show us that the peak of the wave is in sight. This allows us at the meeting between the federal government and states next week to take the first reopening steps and consider more steps for spring.“

There’s just one particularly significant one, as highlighted in bold.That is for USD/CAD with large expiries seen around 1.2650-70 worth over $5 billion in total. Now, the market mood is still the key driver of price action at the moment with the dollar holding in a good spot. That is overriding

European indices are holding mild gains so far on the day while US futures are mixed and not offering much. The Eurostoxx is up 0.1%, the DAX up 0.5%, and CAC 40 up 0.1%. Meanwhile, S&P 500 futures are down 0.1%, Nasdaq futures down 0.2%, and Dow futures up 0.1%.
The overall mood is tentative as inv

I think the headline is what stands out, as it relates to price pressures and inflation. The survey reveals that 3/4 of French industrial and construction firms see supply problems lasting for a year. That’s not quite a good outlook for how the ECB would like the inflation trajectory (or at least th

That’s a decent move in European morning trade, considering that there has been no notable headlines to really work with.
In my view, the light nudge higher here is more technical-related as price bounces off the 200-hour moving average:

Overall, the dollar is trading more mixed across the board

As high as 80% of
retail traders lose money trading forex & CFDs with ASIC & FCA
regulated CFD brokers, depending on the broker. This figure could be even
higher in other regions where the regulators don’t require brokers to display
the percentage losses on their website.

 

Several factors are

Prior +9.0%New yuan loans ¥3.98 trillion vs ¥3.69 trillion expectedPrior ¥1.13 trillionBroad money growth continues to keep higher as China is ensuring that the economy holding more stable despite deleveraging efforts and its focus shift towards ‚common prosperity‘. New yuan loans surged last month