Nordea analysts expect the ECB to pause rate hikes this month but signal further tightening, with a 25bp increase likely in September. The European Central Bank is set to leave policy rates unchanged at its July meeting, marking a pause rather than a policy shift. Lower-th
June’s confirmed 2.8% annual inflation marks the slowest pace in four months, driven by cooling energy and services price growth. Eurozone inflation slowed to 2.8% year-on-year in June, down from 3.2% in May, matching earlier estimates and reaching its lowest level since F
OCBC strategists expect gradual USD gains by year-end, driven by yield advantage and risk aversion amid Fed hawkishness. The US Dollar (USD) remains supported by its yield advantage and safe-haven status, aligning with the USD smile framework. Strategists note the currency
Final June CPI data confirms a slight easing in euro area inflation, with core prices falling to their lowest level since early 2022. Euro area inflation slowed to 2.8% year-over-year in June, matching preliminary estimates and down from 3.2% in May. Core inflation also ea
UK political stability supports the pound The British pound is gaining support due to improving sentiment toward the UK political outlook. A recent market review highlighted the potential for policy continuity, reducing the risk premium attached to British assets.
USD/JPY reaches 162.35 with modest upside bias The USD/JPY has edged higher to around 162.35. The intraday bias is tilted modestly to the upside but capped between 162.10 and 162.35. The currency pair is expected to trade within a tight band against the US D
The currency pair drops for a second day amid speculation Japan may intervene to support the JPY, capping losses near 218.00. The GBP/JPY cross declined for a second consecutive session, retreating from a 16-year peak near 219.00 reached earlier in the week. Spot prices sl
Commerzbank economists forecast a September rate hike as core inflation and expectations rise, keeping ECB policy biased toward tightening. The European Central Bank is expected to hold rates steady in July but deliver a 25 bps hike in September, according to economists. T
Dow Jones, S&P 500, and Nasdaq 100 futures decline ahead of key consumer sentiment figures due Friday. US stock futures retreated in early European trading Friday, with the Dow Jones falling 0.65% to around 52,440. The S&P 500 and Nasdaq 100 saw steeper declines of 0.88% a
Euro rises to 0.8500 against Pound The Euro has trimmed its losses against the British Pound, supported by hopes of ECB tightening. The Euro returned to levels near 0.8500 from 13-month lows of 0.8455. This move comes amid speculation that the European Cent
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