Key Takeaways: 💶 UBS forecasts appreciation of Israeli shekel against USD 📈 Shekel expected to benefit from easing geopolitical risks 🇮🇱 Israel’s economic rebound and BoI policies to support shekel 🏦 Federal Reserve’s easing cycle to further boost shekel’s performance 💱 End-of-quarter forecasts project shekel to strengthen gradually going forward 📉 Shekel rate expected to … Read more
Key Takeaways 💰 UBS highlighted a wide projected deficit for the fiscal year 2024-25 🛢️ Commodity prices may remain higher than expected 🏦 UBS maintains forecast of a 25 basis points cut in the RBA cash rate in February 2025 📈 Australian dollar expected to fluctuate between 0.65 and 0.675 against USD 🌏 Budget surplus … Read more
Key Takeaways 💵 U.S. dollar forecasted to stabilize amid mixed economic signals 📊 Recent data shows slight deceleration in core CPI and no growth in retail sales 🏦 Federal Reserve expected to keep interest rates higher for an extended period 📉 Market expectations favoring two rate cuts within the year, more optimistic outlook 🌐 Carry … Read more
Key Takeaways: 💹 Most Asian currencies rose after softer U.S. consumer inflation readings 📉 Dollar weakened to one-month low, traders bet on September interest rate cut 📊 Japanese yen fell due to softer domestic economic data 🇨🇳 Chinese yuan dropped slightly amidst trade tensions with the U.S. 🏦 Bank of Japan’s ability to raise interest … Read more
Key Takeaways: 💱 Credit Agricole recommends a sell trade for the EUR/JPY currency pair 📉 Short-term fair value of EUR/JPY has decreased from a record high 📊 European Government Bond yields and equity performance impact EUR/JPY valuation 📈 EUR/JPY pair considered more than two standard deviations overvalued ⏰ Bank has set stop-loss and take-profit levels … Read more
Key Takeaways: 💹 Dollar weakened against the euro due to lower Treasury yields ahead of U.S. inflation report 📊 Euro edged up to $1.0823 in Asian trading hours 💰 U.S. dollar index eased to 104.94, the benchmark long-term U.S. Treasury yield retreated to 4.4414% 📉 Core consumer prices expected to rise by 0.3% month-on-month in … Read more
Key Takeaways 💵 UBS raises EURSEK targets due to Riksbank interest rate cut 📈 UBS maintains favorable view towards Norwegian Krone (NOK) 📊 UBS advises investors to buy NOKSEK on dips to 0.9850 with target at 1.0260 📉 Revised forecasts now predict EURSEK reaching 11.80 by Q2 2022 📉 The decision is influenced by Riksbank … Read more
Key Takeaways 💹 The dollar dipped to a one-month low versus the euro due to lower Treasury yields and anticipation of a key U.S. inflation report 💱 The yen remained weak against the dollar due to significant yield gaps between local bonds and U.S. peers 📈 The Euro edged up in Asian trading hours, reaching … Read more
Key Takeaways 💵 Asian currencies rose against a weaker dollar as markets awaited U.S. inflation data 📉 Most regional currencies had steep losses against the dollar in recent months 🔻 Dollar index and futures fell slightly in Asian trade, extending overnight losses 💬 Comments from Fed Chair Powell drove the dollar’s decline 🔥 Markets are … Read more
Key Takeaways: 💰 Foreign exchange market turning bearish on U.S. dollar 📈 EUR/USD pair on verge of bullish breakout 📉 Europe-based investors unwinding long USD positions 📊 FX options positioning pointing towards weak U.S. CPI print 🏆 Bank of America Securities bullish on EUR/USD this week 📈 Resistance levels to watch for potential breakout confirmation … Read more