Key Takeaways 💵 HSBC believes that the recent selling of the U.S. dollar is exaggerated 📉 Dollar Index is down 0.5% for the week and 1.3% for the month 📈 USD hit by softer U.S. activity data and lack of inflation surprises ⚖️ Fed may need more time for inflation to reach target 📅 Market … Read more
Key Takeaways: 💵 U.S. dollar is slightly higher in European trade, but is set for a significant weekly loss 🇪🇺 EUR/USD is down slightly, but the euro is still up about 0.9% against the dollar this week 🏦 ECB is expected to cut interest rates in June, with uncertainty about future cuts 🇬🇧 GBP/USD is … Read more
Key Takeaways 💷 ING predicts a potential rise in EUR/GBP as BoE rate cut bets increase 📉 GBP sensitive to US equities performance affecting its movement 📊 Decrease in volatility for EUR/GBP pair ahead of UK CPI release 🕊️ Expectations suggest a dovish tilt in BoE’s monetary policy 🗣️ Focus on Catherine Mann’s speech and … Read more
Key Takeaways: 💵 Most Asian currencies weakened as the dollar recovered. 📉 U.S. Treasury yields rebounded, impacting risk-driven markets. 🇨🇳 Chinese economic data showed a mixed outlook. 🛢️ Concerns over China weighed on currencies with trade exposure. 🌏 Regional economic factors affected Asian currencies. 📈 Some bets on a September rate cut by the Fed … Read more
Key Takeaways: 💶 UBS forecasts appreciation of Israeli shekel against USD 📈 Shekel expected to benefit from easing geopolitical risks 🇮🇱 Israel’s economic rebound and BoI policies to support shekel 🏦 Federal Reserve’s easing cycle to further boost shekel’s performance 💱 End-of-quarter forecasts project shekel to strengthen gradually going forward 📉 Shekel rate expected to … Read more
Key Takeaways 💰 UBS highlighted a wide projected deficit for the fiscal year 2024-25 🛢️ Commodity prices may remain higher than expected 🏦 UBS maintains forecast of a 25 basis points cut in the RBA cash rate in February 2025 📈 Australian dollar expected to fluctuate between 0.65 and 0.675 against USD 🌏 Budget surplus … Read more
Key Takeaways 💵 U.S. dollar forecasted to stabilize amid mixed economic signals 📊 Recent data shows slight deceleration in core CPI and no growth in retail sales 🏦 Federal Reserve expected to keep interest rates higher for an extended period 📉 Market expectations favoring two rate cuts within the year, more optimistic outlook 🌐 Carry … Read more
Key Takeaways: 💹 Most Asian currencies rose after softer U.S. consumer inflation readings 📉 Dollar weakened to one-month low, traders bet on September interest rate cut 📊 Japanese yen fell due to softer domestic economic data 🇨🇳 Chinese yuan dropped slightly amidst trade tensions with the U.S. 🏦 Bank of Japan’s ability to raise interest … Read more
Key Takeaways: 💱 Credit Agricole recommends a sell trade for the EUR/JPY currency pair 📉 Short-term fair value of EUR/JPY has decreased from a record high 📊 European Government Bond yields and equity performance impact EUR/JPY valuation 📈 EUR/JPY pair considered more than two standard deviations overvalued ⏰ Bank has set stop-loss and take-profit levels … Read more
Key Takeaways: 💹 Dollar weakened against the euro due to lower Treasury yields ahead of U.S. inflation report 📊 Euro edged up to $1.0823 in Asian trading hours 💰 U.S. dollar index eased to 104.94, the benchmark long-term U.S. Treasury yield retreated to 4.4414% 📉 Core consumer prices expected to rise by 0.3% month-on-month in … Read more