– “Inflation is getting close to 2%, but Fed needs more proof it can stay there” and that interest rates cuts could come “later this year.” (wednesday yak keeping naive peasants’ flame of hope alive)
Anyhow…. CHF weakness, Yeah carry works in favor of chf weakness. Behind that is SNB recent communiques indicating chf strength has served its purpose. Maybe they haven’t fully embraced that they want immediate weakness but call it a suggestion. Behind the behind is that Swiss inflation is lowest among the big boys coming around or below 2% which puts them ahead in the crawling race to shift policy. CHF/JPY is a trade a lot of people are watching (selling chf buying jpy to be clear). BOJ when it gets around to it most likely will move in the opposite direction by backing away from yield curve control.
Levels to watch in the absence of being able to post a chart ->
eur/chf the downward sloping trendline on the weekly that currently comes around .9550.
usd/chf -> weekly .9200 daily .8820-.8850
Fed Governor Kugler backs caution on rates – cnbc
““At some point, the continued cooling of inflation and labor markets may make it appropriate to reduce the target range for the federal funds rate,” Kugler added. “On the other hand, if progress on disinflation stalls, it may be appropriate to hold the target range steady at its current level for longer to ensure continued progress on our dual mandate.”
right adrainna & thks !
for dollar to get new uP oomph looks like puppy be needing new additional energy vectors in the form of posi-data
hello orwell
–
* Nicknamed the “Broker Butcher,” Wu Qing was previously the acting vice mayor of China’s major financial hub Shanghai and served nearly two years as chairman of the Shanghai Stock Exchange.
* His predecessor Yi Huiman took the mantle of the CSRC in 2019, tasked to undertake a spate of sweeping capital markets reforms.
