Key Takeaways: 💵 Asia FX weakened as Fed minutes boosted the dollar 🌏 Concerns over U.S.-China trade war affected Asian market sentiment 🔒 Dollar steadied in Asian trade after strong overnight gains ⬆️ Fed officials concerned over inflation, hinting at potential rate hikes 📉 Markets pricing in longer high interest rates scenario 🇦🇺 Australian dollar … Read more
Key Takeaways 💵 UBS predicts continued USD strength in foreign exchange environment 📊 Equities and risky assets performing well with low implied volatility 📉 Dollar appears to be undershooting front-end rates 🏦 Federal Reserve may not cut rates in September as expected by the market 💼 UBS recommends focusing on Swiss Franc crosses for carry … Read more
Key Takeaways 💲 The U.S. dollar is stable before the release of Federal Reserve meeting minutes. 📉 Recent economic data may hint at U.S. rate cuts but caution is advised by some Fed officials. 🇬🇧 Sterling gained as U.K. inflation was lower than anticipated, reducing chances of BOE rate cut. 🇪🇺 EUR/USD trades lower as … Read more
Key Takeaways 💵 Most Asian currencies trading in tight range ahead of Fed minutes 🇳🇿 NZD surged after RBNZ took somewhat hawkish tone 🇯🇵 JPY weak, despite USDJPY pair rising 🇨🇳 CNY stable near six-month high as traders watch for Beijing’s stimulus measures 🇰🇷 KRW weakened slightly due to producer price index inflation uptick 🏦 … Read more
Key Takeaways 💵 The U.S. dollar slightly strengthened against the euro as Fed officials urge patience on rate cuts 📉 The euro dipped slightly to $1.0852 while the dollar weakened against the Japanese yen 🌐 Investors are awaiting data from the European Central Bank wage tracker and Eurozone PMI for monetary cycle clues 🇯🇵 Concerns … Read more
Key Takeaways 💵 U.S. dollar dipped against the yen after Fed’s Waller reiterated no rate hikes 📅 Dollar was mostly flat ahead of U.S. Memorial Day holiday next week 📉 Market participants focused on Fed officials’ comments in absence of economic data 🏦 Waller mentioned restrictive monetary policy cooling off demand and inflation 👥 Atlanta … Read more
Key Takeaways: 💹 BofA has a bullish view on EURCAD for the current week 📈 Signals from interest rates and commodities support a bullish EURCAD outlook 🇨🇦 Market debates potential rate cut cycle by the Bank of Canada 💱 Canadian CPI data release could impact the EURCAD pair movement 📊 Consensus-matching CPI may prompt earlier … Read more
Key Takeaways: 💵 Investors broadly sold off the US dollar last week in response to positive US economic indicators 📈 Real money investors have a slightly short position on the US dollar 💰 Hedge funds still hold near-highest levels of long positions on the US dollar 💸 Australian dollar (AUD) saw increased interest with long … Read more
Key Takeaways 💵 The dollar is struggling as investors anticipate Federal Reserve monetary easing. 📈 Cryptocurrencies are rallying, with ether hitting a 2-month high amidst growing excitement for spot ether ETFs. 🇪🇺 The euro edged higher to $1.0860. 📊 Thursday’s data on European Central Bank wage tracker and Euro zone PMI is awaited for insights … Read more
Key Takeaways: 💹 U.S. stock indices are close to all-time highs 📈 Citigroup sees potential for further upside in S&P 500 and Nasdaq based on bullish positioning levels 💸 $17bn of notional added last week to S&P from new risk flows 📊 Nasdaq flows show increase in long positioning but remain near neutral 🔍 Europe … Read more