europefx Key Takeaways 💵 U.S. dollar index (DXY) rebounds above 105 mark 📉 Recent soft results in U.S. Treasury securities auctions lead to rise in longer-dated U.S. yields 📊 Equities decline as U.S. dollar aligns with firmer short-term interest rates 🏦 Possibility of U.S. Treasuries gaining additional support 📉 Federal Reserve’s Beige Book leans dovish with … Read more
Key Takeaways: 💵 Dollar reached a two-week peak against major peers due to surge in US yields and safe haven demand 📉 Treasury market rout caused by strong US economic data and poor auctions spooked investors 🇺🇸 US remains a safe haven asset due to high liquidity, stable democratic institutions, deep banking systems, and government … Read more
Key Takeaways: 💵 Most Asian currencies weakened on Thursday 📈 Dollar reached over two-week highs 📉 Regional currencies affected by hawkish signals from Federal Reserve 🇺🇸 Dollar index and futures rose, indicating confidence in Federal Reserve’s rate stance 📊 First quarter GDP expected to show U.S. economy’s strength ⚖️ PCE price index data expected to … Read more
Key Takeaways: 💵 Dollar rose on higher U.S. bond yields ahead of key inflation data 📈 Dollar strengthened against Japanese yen 📊 Consumer price inflation data slightly softer this month 🇯🇵 Yen under downward pressure due to carry trade and low FX volatility 🇪🇺 Euro dropped to near two-year low, recovered slightly on German inflation … Read more
Key Takeaways: 💰 Insmed’s price target raised to $67 by TD Cowen analysts 📈 Analysts maintain Buy rating for Insmed 📊 Best case scenario ASPEN data drives high probability of approvals in US, EU, and JP 👩⚕️ Clinically meaningful effect size with strong statistical significance 💊 Model predicts $3.4B in peak sales with $30K gross … Read more
Key Takeaways: 💹 Dollar is steady ahead of key inflation data 📈 U.S. Treasury yields have climbed back up 📊 Yen under downward pressure due to carry trade appetite 📈 Pound slightly lower on the dollar 🛠 Lacklustre auction of two-year and five-year notes raised doubts about demand for US government debt 🌏 China-exposed Aussie … Read more
Key Takeaways: 💲 JPMorgan shares a bullish outlook for the U.S. dollar based on high yields and growth cushion 📈 Dollar’s strength driven by carry advantage and persistent US exceptionalism, but latter is fading 📉 Tactical concerns arise from softening US exceptionalism and inflation divergences 💼 JPMorgan recommends reducing USD length tactically but maintaining exposure … Read more
Key Takeaways: 💱 SNB’s early rate cut led to a weakening Swiss franc against major currencies 📉 Short positions in Swiss franc point to potential downside risks for USDCHF 📉 Federal Reserve expected to start rate cuts in September, affecting Swiss franc 🇺🇸 Outcome of U.S. election unlikely to significantly impact U.S. dollar 🌍 Geopolitical … Read more
Key Takeaways: 💴 Yen weakened against the dollar due to rising U.S. yields 📉 Euro softened after German inflation data 📈 U.S. Treasury yields increased, reaching their highest level in four weeks at 4.57% 💹 Dollar was up 0.09% on the offshore yuan at 7.270 🛍️ Australian dollar remained flat despite positive inflation data from … Read more
Key Takeaways: 💲 The U.S. dollar edged higher in anticipation of inflation data and potential interest rate delay 📉 EUR/USD traded lower ahead of German inflation data release 📈 Euro is on course for 1.7% gain against the dollar in first month of gains in 2024 💹 Expectations for steady core PCE index in the … Read more