BNY’s Geoff Yu notes the US Dollar (USD) enters the Federal Open Market Committee (FOMC) with strong recent demand but stretched positioning, as cross-border buying and late-July spot demand remain supportive. However, month-end rebalancing, light hedge ratios and softer c
British Pound consolidates against Japanese Yen ahead of central bank decisions GBP/JPY extends its subdued price action on Wednesday, forming a series of small-bodied candlesticks after briefly climbing above 219.00 earlier this month, its highest level since December 2007.
GBP/JPY extends its subdued price action on Wednesday, forming a series of small-bodied candlesticks after briefly climbing above 219.00 earlier this month, its highest level since December 2007. At the time of writing, the cross trades around 217.50 The loss of ups
TD Securities strategists note that Australia’s Q2 Consumer Price Index (CPI) and June headline inflation came in below expectations, easing pressure on the Reserve Bank of Australia (RBA). They highlight that trimmed mean inflation undershot the May Statement of Monetary
The USD is little changed vs the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD - ahead of the Fed rate decision later today with all three pairs within 0.09% of unchanged on the day. IN the video above, I take a look at the technicals driving those three currency
British Pound languishes below 1.3300 heading into Fed and BoE decisions The British Pound (GBP) has given away previous gains against the US Dollar (USD) on Wednesday and remains practically flat in the daily chart, trading below 1.3300, on track to complete a nearly 1.20%...</p
The British Pound (GBP) has given away previous gains against the US Dollar (USD) on Wednesday and remains practically flat in the daily chart, trading below 1.3300, on track to complete a nearly 1.20% decline over the last two weeks. Growing concerns about UK PM Burnham’s
Markets price a 30% chance of a 25bps hike, but a hawkish hold may bolster USD support after an initial pullback. The Federal Open Market Committee is expected to leave the federal funds target range unchanged at 3.50%-3.75% for a fifth consecutive meeting. Fed funds futur
Rabobank strategists say the yen’s recovery requires a hawkish BoJ stance and reduced Fed rate hike fears to hit a USD/JPY 159 target. The Japanese yen’s trajectory against the US dollar remains clouded by Federal Reserve policy uncertainty, with Rabobank noting Fed Chair
ING strategists Francesco Pesole and Frantisek Taborsky expect the Federal Reserve to keep rates unchanged, with two dissenters possibly voting for a hike, limiting downside in front-end USD rates. They argue the Dollar could weaken as precautionary positioning is unwound
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