Fundamental / Economic Backdrop (short term)
Short-term fundamentals for CHFJPY remain driven by relative safe-haven demand and yield differentials. The Swiss franc continues to find support from its defensive characteristics amid cautious global risk sentiment and uneven equity market performance. Meanwhile, the Japanese yen remains structurally …
Month: December 2025
GBPJPY 17/12/2025
Fundamental / Economic Backdrop (short term)
The short-term fundamental backdrop for GBPJPY remains driven by relative monetary policy expectations and risk sentiment. Sterling continues to be supported by comparatively restrictive Bank of England policy guidance, with UK inflation persistence limiting near-term rate cut expectations. In contrast,…
EURGBP 17/12/2025
Fundamental / Economic Backdrop (short term)
Short-term drivers for EURGBP remain centred on relative monetary policy expectations and near-term macro data surprises rather than structural shifts.
The euro remains influenced by a cautious ECB stance, with policy signalling still data-dependent amid mixed inflation persistence across the bloc. Rec…
XAUUSD 17/12/2025
Fundamental / Economic Backdrop (short term)
Gold remains driven by a combination of US monetary policy expectations, real yield dynamics, and broader risk sentiment. Markets continue to price a gradual easing bias from the Federal Reserve into 2026, keeping downward pressure on real yields despite intermittent USD strength. Geopolitical uncertain…
XAGUSD 17/12/2025
Fundamental / Economic Backdrop (short term)
Silver continues to be driven by a combination of precious-metal safe-haven demand and its industrial metal characteristics. In the near term, macro attention remains on US real yields, USD direction, and broader risk appetite. Persistently elevated inflation expectations and ongoing fiscal uncertainty …
EURGBP 16/12/2025
Fundamental / Economic Backdrop (short term)
Near-term EURGBP dynamics remain driven by relative central bank expectations and data divergence rather than outright risk sentiment.
The euro side continues to reflect a stabilising but low-growth Eurozone backdrop. Recent inflation readings remain sticky enough to keep the ECB cautious on signalling…
USDCHF 16/12/2025
Fundamental / Economic Backdrop (short term)
USDCHF remains driven by relative monetary policy expectations and risk sentiment. The US Dollar continues to draw support from comparatively resilient US growth data and the Federal Reserve’s cautious stance on the pace of future rate cuts. However, this support is increasingly balanced by signs of m…
EURUSD 16/12/2025
Fundamental / Economic Backdrop (short term)
Short-term EURUSD price action remains primarily driven by relative monetary policy expectations between the Federal Reserve and the European Central Bank, alongside risk sentiment and upcoming macro releases.
In the near term, markets continue to price a gradual easing path from both central banks in …
GBPUSD 16/12/2025
Fundamental / Economic Backdrop (short term)
Sterling remains primarily driven by relative monetary policy expectations and risk sentiment. In the immediate term, UK macro data flow is light, keeping focus on residual Bank of England guidance, wage dynamics, and services inflation persistence. Markets continue to price a cautious BoE…
GBPJPY 16/12/2025
Fundamental / Economic Backdrop (short term)
Sterling remains supported by relatively firm UK growth expectations and a Bank of England stance that is still cautious on easing, keeping rate differentials broadly supportive versus the yen. However, upside momentum is tempered by sensitivity to global risk sentiment and equity market volatility.The …