The ECB Governing Council member Peter Kazimir reaffirms that the ECB knows where it is heading but maintains strict data-dependence on the pace. Signal of accommodative continuity, with a hawkish nuance on European services inflation.
Jun 24, 2026 at 10:00 9 8
WTI below $70 is usually good news. Not this time. With core PCE at +4.0%, energy disinflation masks services inflation and puts the Fed in an untenable position.
Jun 26, 2026 at 23:04 12 10
90% of the central banks surveyed cite inflation hedging, long-term performance, and diversification away from the dollar as reasons for their gold purchases. A structural anchor, not cyclical.
6 h ago 6 7
The U.S. employment report for July 3 presents an end-of-cycle paradox: job creation is slowing, but the unemployment rate is falling—not due to economic strength, but because of a shrinking labor force linked to tighter migration policies. Markets are relieved, but Warsh's Fed doesn't have a free hand.
yesterday 9 13
After installing Kevin Warsh as Fed chair, Trump's allies cross a new threshold: reshaping the entire Board of Governors. An institutional escalation with potentially systemic consequences for U.S. monetary credibility.
yesterday 8 11
Beijing isn't just exporting electric cars and solar panels—it's exporting its disinflation. And Europe is absorbing the effects more than it admits.
Jul 2, 2026 at 16:36 9 13
USD/JPY breaks through the 158-160 range - the historic tolerance level of the Ministry of Finance. The Bank of Japan has fewer and fewer reasons not to act in July.
Jul 1, 2026 at 09:38 9 9
As markets digest the worst monthly close for the Mag7 since 2022, U.S. Q2 2026 growth surprises on the upside. A macro paradox that reinforces the "higher for longer" stance and complicates any Fed pivot scenario before the end of the year.
Jun 30, 2026 at 16:49 8 9
The worst monthly close for tech mega-caps since 2022: in thirty days of June, the seven Nasdaq giants collectively lost $2.3 trillion. A major market signal at the opening of H2 2026.
Jun 30, 2026 at 16:47 8 9
Two contradictory signals from the Fed in 48 hours, a Japanese government encoding its tolerance for further BoJ hikes – one month ahead of the FOMC/BoJ double meeting, markets are reading between the lines.
Jun 28, 2026 at 15:39 9 10
Halfway through 2026, markets are taking a brutal inventory. June's tech sell-off, the resurgence of PCE at +4.0%, and the Fed/ECB monetary divergence at ~250 bps are reshaping the next six months.
Jun 27, 2026 at 16:45 14 14
With four days left before the MiCA deadline (June 30, 2026), Binance confirms the suspension of its services in several member states. European users are left without access. Licensed players are taking a stand.
Jun 26, 2026 at 08:37 15 13
