Roses are red, violets are blue, you may not reach 2% this year too. | MarketTalk: What’s up today? | Swissquote
The market has been very quick in swallowing and digesting this Tuesday’s less than ideal inflation data from the US. Yields and the USD retreated, stocks rebounded. Tech led the rally.
But the rate cut expectations are being scaled back in the US, and a further appreciation in the US dollar could also get the other central bank doves on their knees. This is certainly why the EURUSD has a limited potential at the current levels. Elsewhere, the USDJPY struggles to find sellers after the news that Japan entered recession in Q4 – and they still have negative rates. The...