europefx Key Takeaways: 💶 The European Central Bank and Bank of England are likely to adopt similar monetary policy stances 📉 Euro-to-British pound currency pair expected to trade slightly weaker 📊 Volatility in EUR/GBP currency pair will remain suppressed 🇬🇧 Bank of England leaning towards a more hawkish approach 📈 UK consumer price growth close to … Read more
Key Takeaways 💱 Policy divergence between the Federal Reserve and the Bank of England is expected to support GBP/USD flows 📉 GBP/USD fell 0.2% to 1.3382 at 08:35 ET, but is overall 1.3% higher over the past week 📉 The Federal Reserve has initiated an easing cycle with a 50bp cut and is likely to … Read more
Key Takeaways: 💰 Chinese stimulus boosts risky assets 📉 AUD/USD falls slightly to 0.6872 👥 Market expects further 50bp Fed cuts 🛣️ UBS forecasts upside for AUD/USD with China stimulus 🏗️ China’s monetary package supports property and equity markets 🌏 Market sentiment shifts with tactical rally in Chinese assets 💹 UBS sees potential for AUD … Read more
Key Takeaways: 📈 Euro rose slightly against the dollar due to China’s stimulus package boosting risk appetite 📉 Sterling retreated as markets anticipated less aggressive rate cuts from Bank of England compared to Federal Reserve 📉 U.S. consumer confidence fell in September, impacting dollar index 📉 Yen eased 0.56% against dollar 💸 China’s stimulus package … Read more
Key Takeaways: 💵 U.S. Dollar weakened again on Wednesday, Euro near multi-month high 🇺🇸 Markets concerned about U.S. economic growth due to weaker consumer confidence 🇪🇺 Euro benefiting from dollar weakness despite eurozone economic weakness 📉 GBP retraced from March 2022 levels, supported by Bank of England’s expected stance 🇸🇪 Riksbank likely to cut rates … Read more
Key Takeaways 💵 The Australian and New Zealand dollars reached multi-month peaks due to China’s stimulus boost 📉 Growing bets for a U.S. rate cut in November added pressure on the U.S. dollar 📈 China’s stimulus measures positively impacted currencies linked to its economy 💰 The People’s Bank of China reduced the cost of medium-term … Read more
Key Takeaways: 💱 Most Asian currencies rose slightly on Wednesday due to bets on interest rate cuts impacting the dollar 📈 Chinese yuan hit a 16-month high on optimism regarding more stimulus measures 🔍 Markets positive after Federal Reserve cut interest rates 🚨 Focus on Fed Chair Jerome Powell’s upcoming address and PCE price index … Read more
Key Takeaways: 💹 China’s yuan reached a 16-month high against the U.S. dollar after new stimulus measures were announced 📉 U.S. dollar extended declines due to soft consumer data and expectations for a rate cut from the Federal Reserve 💼 Expectations for speeches from Fed officials including Fed Chair Jerome Powell and Governors Lisa Cook … Read more
Key Takeaways: 💰 China has announced new stimulus measures, including tax cuts, infrastructure spending, and monetary policy adjustments, to support its economy. 📉 The U.S. dollar extended declines after soft consumer confidence data, while the euro climbed and Fed officials, including Chair Powell, are scheduled to speak. 🏠 China’s yuan reached a 16-month high against … Read more
Key Takeaways 💹 China’s yuan reached a 16-month high due to stimulus measures 📈 Australian dollar hit a 2024 peak after central bank emphasized controlling inflation 🏦 U.S. Federal Reserve’s rate cut influenced other central banks, like the People’s Bank of China 💱 Reserve Bank of Australia kept interest rates steady, hinting that further hikes … Read more