Walton

Central banking has always been theatre as much as it is economics—an elaborate stage set where credibility is the prop, independence the costume, and interest rates the script. Now, Lisa Cook is fighting to keep her place on that stage, telling the Supreme Court that if she’s yanked off by Trump, t

Swiss National Bank (SNB) Chairman Martin Schlegel is speaking at the post-policy meeting press conference on Thursday, explaining the reasons behind the interest rate hold decision. Key quotes Inflation pressure is virtually unchanged compared to previous quarter. Uncertainty about inflation and ec

In focus today In Switzerland, the big event for markets this week is today's SNB meeting with the decision announced at 9:30 CET and a press conference at 10:00 CET. We expect the SNB to keep the policy rate unchanged at 0%, which is fully in line with both market pricing and consensus. Inflation h

GBP/USD strengthens near 1.3460 in Thursday’s Asian session.Traders brace for Fedspeak and US Q2 GDP growth data later on Thursday for fresh impetus. Fiscal concerns and signs of slowdown in UK business activity could underline the Pound Sterling. The GBP/USD pair recovers some lost ground to around

The People’s Bank of China (PBOC) Deputy Governor said on Thursday that global bond investors remain confident in China’s bond market. The Chinese officials further stated that they are working on promoting Chinese onshore bonds to become qualified collateral in Hong Kong and global markets. Key quo

Summary More noise than signal New home sales surprised to the upside and jumped 20.5% during August. The surge reflects slightly lower mortgage rates and an increase in builders offering buyer incentives. Take the gain with a huge grain of salt. New home sales are prone to heavy revisions. A flat-i

USD/CAD climbs to near 1.3840 as the Canadian Dollar underperforms.The BoC is expected to cut interest rates again in October.Investors await Fed Powell’s speech for fresh cues on the monetary policy outlook. The USD/CAD pair jumps to near 1.3840 during the European trading session on Tuesday. The L

The Pound Sterling gains marginally against its peers at the start of the week.30-year UK Gilt yields soared to near 5.56% amid ballooning UK fiscal debt.Investors await preliminary UK-US PMI data for September due on Tuesday. The Pound Sterling (GBP) starts the week on a slightly positive note agai

Executive summary Wave (2) corrective decline continues from 1.1918. Wave B of (2) may have topped yesterday at 1.1918. Decline to 1.12 – 1.1391 and possibly lower levels are anticipated. EUR/USD has rallied to fresh 4-year highs on the heels of the Fed’s 25 basis point rate cut. Yesterday’s high ma

Two days, two key central bank meetings, a state visit and £150bn in investment from US tech giants into the UK, it’s been a busy week already. The outcome between the Fed and the BOE could not be more different. The Federal Reserve cut interest rates and also indicated a rapid pace of rate cuts in