Key Takeaways: 💵 Dollar saw a sharp rally since early June following a rebound 📈 Investors uncertain about pace of future U.S. rate reductions 🗣️ Fed speakers not presenting a unified view on rate cuts 🇺🇸 U.S. jobless claims data to be closely watched for Fed’s focus on employment 📉 Traders expect a second 50 … Read more
Key Takeaways 💹 Most Asian currencies firmed as dollar steadied before Powell’s address 📉 Japanese yen extended losses ahead of the Liberal Democratic Party presidential election 📊 Dollar cooled in Asian trade after rebounding overnight 📈 Chinese yuan strengthened with more stimulus measures from Beijing 🌏 Optimism over China boosted broader regional currencies, including Australian … Read more
Key Takeaways: 💵 Dollar bounced off 14-month low against euro in choppy trading 🇨🇳 Yuan dips on doubts about Chinese stimulus impact 📉 U.S. consumer confidence dropped in September 💲 Traders expect second emergency-sized cut by Federal Reserve in November meeting 📊 Sales of new U.S. single-family homes fell less than expected in August 🌍 … Read more
Key Takeaways: 💰 Profit-taking likely to contribute to initial market weakness 📈 Dow and S&P 500 reached new record highs following rally last week 🤝 Trading activity may be subdued as markets await new catalysts 📊 Reports on jobless claims, durable goods orders, personal income & spending to impact trading 📈 S&P 500 hit fresh … Read more
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