Key Takeaways 💰 Bank of America Securities warns that US election risk premia is becoming richly priced in FX markets 🌏 FX carry factor may perform well post-election due to contained volatility 📊 Significant risk premium is priced in the foreign exchange markets, especially in Asian emerging markets 🔮 Median major FX pairs have priced … Read more
Key Takeaways 💵 Dollar rallied on strong US jobs data and Middle East tensions 📉 Yen fell to lowest level in almost two months 📈 U.S. 10-year Treasury yields near two-month high 🛢️ Brent crude oil futures rose over 8% last week 🏛️ Federal Reserve expected to do 25 bps cut in November 💸 Dollar … Read more
Key Takeaways: 💸 Most Asian currencies weakened 📉 Japanese yen faced significant losses 🇺🇸 Dollar steadied after strong payrolls data 📉 Markets expect smaller interest rate cut 👀 Focus on Fed officials’ addresses and September meeting minutes 📊 Possible over 90% chance of 25 bps rate cut in November 📈 Optimism over more stimulus measures … Read more
Financial Markets Update: 💵 Dollar reached a seven-week high and had its best week since September 2022 📊 Nonfarm payrolls increased by 254,000 jobs in September 🇯🇵 Dollar saw best weekly performance against the Japanese Yen since 2009 📉 Euro slipped to $1.09515 🌍 Concerns about Middle East conflicts boosted safe-haven demand and the dollar … Read more
Key Takeaways: 📈 Dollar Index up nearly 1.5% for the week 🌍 Geopolitical risks and US labor market data impacting dollar strength 💼 UBS predicts broad dollar weakness over coming months 💰 Bitcoin broke through $62,000 on October 4, with a 24-hour increase of 2.36% 📉 Euro falls to $1.0965 against the US Dollar, the … Read more
Key Takeaways: 💹 Pro-growth currencies struggling in current market 📈 US dollar rebounding after recent decline 🌍 Global events affecting currency market movements 📊 European economic data closely monitored for potential impact 💼 Focus on upcoming labor market report and inflation figures in the US 🏦 Actions of central banks across economies being watched 💱 … Read more
Key Takeaways: 💵 Dollar index trading slightly lower at 101.667 after hitting six-week high 📈 Dollar supported by positive labor data and safe-haven demand 📉 Attention on September nonfarm payrolls report for market guidance 🦂 ING analysts predict 115,000 payrolls and 4.3% unemployment rate 🇪🇺 Euro weakens against dollar, ECB expected to cut interest rates … Read more
Key Takeaways: 💷 British pound experienced significant decline attributed to BoE policy stance and high valuation 📉 Drop of over 1% against USD and EUR, steepest against USD since Trussonomics event 🏦 BoE Governor Bailey’s dovish statements led to adjustment in rate expectations 📈 Pound’s valuation relatively high, top-performing G10 currency this year 🔄 Unwinding … Read more
Key Takeaways: 💵 Dollar strengthened due to robust employment data and Middle East turmoil 🇺🇸 Fed’s less dovish rhetoric may result in upside risks for the dollar 🌍 Euro weakened as Eurozone inflation cooled, expectations of ECB interest rate cut 🇬🇧 GBP dropped to two-week low after BOE Governor mentioned potential rate cuts 🇯🇵 JPY … Read more
Key Takeaways: 💰 Dollar reached a three-week high against the euro after ADP national employment report showed better-than-expected payrolls in the U.S. 📊 Private payrolls increased by 143,000 jobs in September, surpassing economist forecasts. 🏦 Markets are anticipating the U.S. nonfarm payrolls report on Friday to show employers added 140,000 jobs in September. 📈 Improved … Read more