We anticipate two more 25bp rate cuts in 2025, but they are likely to be delayed until the fourth quarter of the year ...

Fed Chair Jerome Powell will no doubt defend the Fed’s data-driven stance amid political pressure to cut rates. Eurozone PMIs ...

Overall, the business climate remains subdued, as it did throughout the second quarter. The only good news is the employment ...

EUR/USD is back above 1.150 as markets priced out a certain degree of geopolitical risk off the pair. The situation in the ...

Markets aren't oblivious to geopolitical risks, but need more to change course. Data shows that Dutch pension funds are ...

Japan releases key economic indicators, including Tokyo inflation, the unemployment rate, retail sales, and flash purchasing ...

Core Japanese inflation rose more than expected in May. Even so, the Bank of Japan is likely to prioritize the negative impact of US tariffs. If a trade deal is made by the third quarter, the BoJ may ...

The Central Bank of Turkey kept its policy and interest rates unchanged in the June meeting. But the forward guidance shows ...

We expect a 25bp cut in Switzerland, and holds in the UK, Norway and Turkey. But the main driver for FX remains the Middle ...

The US TIC data saw one large seller - Canada (wonder why). Otherwise, nothing dramatic. The FOMC left us with a bearish tint ...

Iran conflict, focusing on any signs that Iran may seek to disrupt crude flows across the Strait of Hormuz The oil market ...

Negative inflation and extremely low inflation forecasts have prompted the SNB to lower its key rate to 0%. A return to negative territory is likely.