Key Takeaways: 💰 Bank of England allotted a record amount in a short-term repo operation 📆 Weekly repo helps keep money market rates close to Bank Rate 📈 Quantitative tightening program involves selling government bonds purchased in QE 🤝 Increase in repo facility usage seen as positive by BoE Governor Bailey 💵 The operation helps … Read more
Key Takeaways 💼 UBS shifts Swiss franc status from "least preferred" to "neutral" 📈 U.S. dollar expected to maintain strength 🗓 Federal Reserve rate-cutting cycle to start in September 🌍 Geopolitical uncertainties likely to persist 💱 UBS encourages investment in currency crosses 🔄 Swiss franc reassessment reflects changing market perception 📈 Anticipates intermittent Dollar value … Read more
Key Takeaways: 💼 UK general election set for July 4 instead of autumn as expected 📉 GBP/USD implied volatility increased by around 20 basis points to 6.20 📊 Labour Party leading over Conservative Party in opinion polls 🏴 Minimal risks from current UK political events such as Scottish referendum 📈 Market expects minor fluctuations in … Read more
Financial Market Updates: 💵 The dollar remains near a one-week high after Fed meeting minutes suggest willingness for rate hikes 📈 New Zealand dollar continues to climb following unexpected rise in local retail sales and hawkish central bank guidance 🇬🇧 Sterling stays firm after jumping to one-month peak due to hotter-than-expected inflation and UK parliamentary … Read more
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