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Thursday, December 12, 2024

European Markets Wrap-Up: SNB's Schlegel: SNB doesn't like negative rates but they do work

SNB's Schlegel: SNB doesn't like negative rates but they do work

SNB doesn't like negative rates but they do work. SNB will use negative rates again if it has to. Negative rates did lessen the franc's attractiveness. SNB looks at the whole franc situation, not just... 

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Visionary Entrepreneur Patents World's First Non-Depreciating Crypto Asset

Quintes Protocol is set to redefine decentralized finance (DeFi) with its innovative no-depreciation cryptocurrency model. Now protected by a newly-secured Patent Cooperation Treaty (PCT) PCT/IB2024/0... 

Weekly update on interest rate expectations

Rate cuts by year-end Fed: 24 bps (97% probability of rate cut at the upcoming meeting) 2025: 80 bps ECB: 30 bps (80% probability of 25 bps rate cut at today's decision) 2025: 151 bps BoE: 3 bps (90%... 

China announces that it is about to hit 2024 economic growth target

Chinese economy still faces many difficulties and challenges Need to treat difficulties properly and affirm confidence Unfavourable impact brought by external environment has become severe Will deepen... 

Nasdaq Technical Analysis – New all-time high as US CPI hedges get unwound

Fundamental Overview The US CPI report yesterday came in line with expectations and sealed the 25 bps cut next week with the probabilities standing around 97%. The Nasdaq rallied strongly as there wer... 

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Latest Forex Orders

FX option expiries for 12 December 10am New York cut

There are a couple to take note of on the board for today, as highlighted in bold . The first one is for EUR/USD at the 1.0500 level. That should help to keep price action more limited ahead of the EC... 

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