Share: Economists at RBC Economics do not expect the Federal Reserve to deliver more rate hikes. Monetary policy at its current level is already very restrictive Easing inflation pressures in the US against a resilient macroeconomic backdrop have been encouraging and have raised hopes that inflation can slow back to the Fed’s 2%
Share: Economists at ING do not expect the EUR/GBP pair to break out of recent ranges. Unusually stable BoE rate expectations The lack of domestic events in the UK has helped an unusual period of very stable BoE rate expectations: markets appear rather anchored to the prospect of a peak rate around 5.70-5.75%
Share: Economists at CIBC Capital Markets expect the USD/MXN pair to extend its decline in the coming months. Long MXN positions look overstretched by a number of metrics Although long MXN positions look overstretched by a number of metrics, we are reducing our Q3 and Q4 USD/MXN forecast to 17.50, and 18.00, respectively.
Share: Gold price has recovered significantly since autumn last year. Economists at Commerzbank analyze the yellow metal’s outlook. Gold seen trending sideways near $1,950 in the short term Gold price is likely to trend sideways in the short term, as uncertainty about the future path of US monetary policy remains high. Lower US
Share: The ECB delivered a 25 bps rate hike as expected. Economists at Société Générale expect one more 25 bps hike from the ECB in September. ECB moves to full data dependency The ECB hiked rates by another 25 bps, as signalled in June, taking the deposit rate to 3.75%. Instead of signalling
Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is still
Share: At the highly-anticipated July policy review meeting, the Bank of Japan (BoJ) board members decided to leave their current monetary policy settings unchanged, maintaining rates and 10yr JGB yield target at -10bps and 0.00% respectively. Summary of the statement BoJ maintains band around 10-year JGB yield target at up and down 0.5% each. BoJ makes decision on
Share: The most important aspect of today’s ECB policy meeting is any guidance on what happens next. Economists at Rabobank analyze EUR outlook. Risks for EUR/GBP seen as being well balanced It is our house view that ECB rates could reach their peak today, though we acknowledge that the risk of one more
Share: Dow Jones rises after the Fed executes a 0.25% hike at its meeting on Wednesday – as expected. The index rose intitially, clocking 0.35% gains but then fell flat soon after. Dow component earnings results have been mixed so far this week with plenty still to report. The Dow Jones Industrial Average
Share: Federal Reserve is widely expected to raise its policy rate by 25 bps to 5.25-5.50%. Fed has been struggling to convince markets that they will raise rates at least twice more this year. US Dollar valuation could be significantly impacted by Chairman Powell’s comments. The Federal Reserve (Fed) is expected to raise
