Analyse

Fed Signals Pause; Dollar Falls, Long Bets Unwound

Fed Signals Pause; Dollar Falls, Long Bets Unwound

The US Dollar fell as speculative long bets were unwound ahead of today’s US Payrolls report. Fed speakers, led by Philadelphia President and FOMC member Harker, said that the US central bank should “skip” a June rate hike. Risk appetite rose, boosting stocks.
ACY Securities | il y a 484
USD & GBP: All You Need to Know

USD & GBP: All You Need to Know

The dollar came off its highs overnight after a couple of Fed speakers suggested the bank could skip a hike at its June meeting. This strategy could buy the Fed a little more time. However, US data and the overnight release of the Fed Beige Book suggest the dollar will hold gains as we head into today jobs report!
ACY Securities | il y a 484
Get Ready. A New Race Is About to Begin?

Get Ready. A New Race Is About to Begin?

US Senate scrambles to get the job done in time. There are still challenges apparently, to speeding up the process, With some amendments potentially delaying the passage of the bill beyond the crucial deadline.
ACY Securities | il y a 484
Markets await key US payrolls report

Markets await key US payrolls report

Equities in the Far East rose as the US Senate passed the debt ceiling bill, avoiding a US default. The Hang Seng gained 4%. Today's focus is on the US payrolls report, which could impact expectations of a June interest rate hike. Recent data suggests a resilient US labor market. UK and Eurozone have no major data. The US dollar weakened, pushing GBP/USD above 1.25 for the first time since mid-May
Moneta Markets | il y a 484
Next Evolution In Fed Thinking

Next Evolution In Fed Thinking

Clifford Bennett, Chief Economist at ACY Securities highlights the positive news that the Federal Reserve seems inclined to take a pause in its aggressive interest rate tightening cycle. This development is seen as a significant relief for the market, providing a respite from potential interest rate hikes.
ACY Securities | il y a 485
Potential EURUSD lower

Potential EURUSD lower

The resolution to the conundrum surrounding the US debt ceiling has had a positive impact on the US debt markets. T-bill yields for near-term maturities have experienced significant declines, while CDS on US debt have retreated aggressively.
ACY Securities | il y a 485
China down EURUSD down to 1.06

China down EURUSD down to 1.06

Manufacturing PMIs in China came in weaker than expected and in contraction territory, generating a risk-off wave yesterday (as well expecting for today) and helping the greenback stay in demand. Given the ongoing hawkish repricing of Fed expectations, the US dollar can remain supported for a bit longer.
ACY Securities | il y a 485
Interest rate expectations remain volatile

Interest rate expectations remain volatile

Asian markets up despite EU, US declines. China's positive PMI and debt deal boost sentiment. Fed policymakers support no rate increase. Eurozone CPI falls. ECB divided on rate hikes. UK money supply, lending data, BoE panel offer insights. PMI unchanged. Bond yields fall. Sterling strengthens.
Moneta Markets | il y a 485