SNB’s Jordan: Monetary policy goal is more important than payouts
Monetary policy goal takes precedence over generating a profit or payout for governments and cantons,
Gold Price Analysis: XAU/USD to wait until the end of the year to see new highs – Credit Suisse
Gold (XAU/USD) holds a near-term base and strategists at Credit Suisse see scope for a
FOMC: Loose stance remains well in place – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest FOMC event (Wednesday). Key Quotes
Copper set to eventually reach the $11000 level – Credit Suisse
Copper (LME) has already established a multi-year “double bottom” base in Q4 2020. Strategists at
Silver Price Analysis: XAG/USD to resume the core uptrend above $30.72 – Credit Suisse
Strategists at Credit Suisse continue to view consolidation in XAG/USD as temporary with a long-term
German Preliminary GDP contracts 1.7% in Q1 vs. -1.5% expected, EUR/USD battles 1.21
German GDP arrives at -1.7% QoQ in Q1 vs. -1.5% expected. Annualized German GDP stands
Eurozone Preliminary GDP contracts by 0.6% QoQ in Q1 vs. -0.8% expected
The Eurozone economy contracted 0.6% on quarter in the three months to March of 2021, beating -0.8%
Eurozone Preliminary CPI rises to 1.6% YoY in April, meets estimates
According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 1.6%
EUR/USD: There are reasons for a more profound fall
EUR/USD has been edging lower after weak German GDP and rising US yields. Yohay Elam,
EUR/GBP clings to modest gains, lacks follow-through beyond 0.8700 mark
The sterling’s relative underperformance helped EUR/GBP to regain traction on Friday. Disappointing German GDP print,