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Desensitised
Emboldened safe-haven bid. Downside bias builds. Supported by risk not rates.
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Summit fades, conflict retakes centre stage
Chinese yuan stronger on Beijing summit reset. Time and rates work against the euro. Pound awaits clearer political signals.
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Markets await Summit signals
Xi–Trump meet as conflict looms large. Drifting lower as sentiment wavers. Real challenge or just smoke?
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Warsh’s first test: no easy cuts
Warsh inherits a tough inflation setup. Euro drifts on Gulf stalemate, China in focus. UK assets wobble as Starmer hangs on.
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(Overblown) optimism?
Peace deal hopes denting dollar support. Buoyed by external forces, tested by local politics. Relief rally, limited upside.
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Under threat
Escalation flare‑Up, downside bias builds. Oil risk, Yen intervention, and April’s risk rally. Upside stalls as local elections loom.