Share: The Aussie is trading on the strong side after a stronger-than-expected August jobs report in Australia. Economists at ING analyze AUD’s outlook. USD remains supported post-Fed Employment rose 64.9K after July’s negative reading, and the unemployment rate was unchanged at 3.7%. Markets are pricing in a mere 9 bps of tightening to
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
Share: Next week, the Reserve Bank of Australia (RBA) will announce its monetary policy decision. Analysts at Wells Fargo point out that due to clear signs of economic slowdown and indications of easing price pressures, they believe RBA policymakers will be comfortable maintaining the policy rate at 4.10%. Key Quotes: While RBA policymakers
© Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year,
Share: The Canadian economy unexpectedly contracted during the second quarter, as indicated by data released on Friday. Analysts at CIBC point out that the decline in consumption is likely to hinder any future interest rate hikes by the Bank of Canada. Key Quotes: Forest fires may be taking a few decimal places off
USD/IDR is now seen extending the consolidation within 15,240 and 15,340 in the next weeks, notes Markets Strategist Quek Ser Leang at UOB Group. Key لینک منبع : هوشمند نیوز
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest EUR/USD could slip back to the 1.0730 region in the near term. Key Quotes 24-hour view: We highlighted last Friday that EUR “is likely to break the major support at 1.0790, but the next support at 1.0730 is likely
Share: The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in Powell’s hawkishness looks largely in the price The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by
Share: August has marked a significant setback to NOK. Economists at Danske Bank analyze Krone’s outlook. Favouring the topside for the rest of this year The supply side of energy markets is tight. This has been an important pillar in our long-term bullish view on NOK. Meanwhile, with the global growth slowdown continuously
Share: Economists Société Générale analyze USD/MXN outlook ahead of Mexican first half-month inflation. Mid-month CPI data is set to show further deceleration The mid-month CPI data for Mexico is set to show further deceleration in the headline inflation to 4.61% from 4.78% and in core to 6.24% from 6.52%. The minutes of the
