Weekly update on interest rates expectations
Rate cuts by year-end Fed: 102 bps (54% probability of 50 bps rate cut at the upcoming meeting) ECB: 65 bps (87% probability of rate cut at the upcoming meeting)…
Read More »Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back
The Bank of Japan is expected to leave interest rates untouched at the next two policy meetings despite and future policy needs to be ‘conducted carefully’ according to the BoJ
Read More »RBA Governor Stresses Optionality amid Risks to Inflation and Growth
The RBA maintained a slight hawkish bias on Tuesday, holding interest rates despite rising unemployment and signs pointing to subdued growth in Q2. Focus on stubborn CPI
Read More »GBP/USD climbs to multi-day peak, beyond mid-1.2700s amid modest USD downtick
The GBP/USD pair is seen building on the previous day’s goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive…
Read More »A calmer mood set to greet European traders later today
Major currencies are seeing light changes for the most part, with even USD/JPY keeping under a 100 pips range for once in Asia this week. Overall, the dollar is marginally…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1690 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Japan Money Supply M2+CD (YoY) fell from previous 1.5% to 1.4% in July
Japan Money Supply M2+CD (YoY) fell from previous 1.5% to 1.4% in July
Read More »The storm clouds are starting to brew again
Yesterday, it looked like we were poised for a continuation in the risk recovery. That is until a much poorer 10-year Treasuries auction landed here. Demand was soft and that…
Read More »EUR/USD strengthens above 1.0900 on softer US Dollar, eyes on geopolitical risks
The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday.
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1821 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
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