Institutional
ING, Institutional
British Pound: Strong data clashes with dovish BoE view – ING
Francesco Pesole at ING argues that despite stronger United Kingdom (UK) Gross Domestic Product (GDP) data and resilient Sterling, the move in Gilts is largely externally driven and not about domestic fiscal fears. ING maintains its view that the Bank of England will not hike further, warning of a potential dovish repricing and targeting higher EUR/GBP and […]
by Currency Hedger
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- 3 weeks ago
CommerzBank, Institutional
Polish Zloty: NBP turns cautious as inflation rises – Commerzbank
Commerzbank’s Antje Praefcke reports that the Polish central bank kept its key rate at 3.75%, while Governor Glapiński signalled no cuts until year-end after previously sounding dovish. With rate cuts now seen as unrealistic given higher inflation and geopolitical risks, the completed policy U-turn should underpin the Zloty, though future moves will depend on whether […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional
Economic Calendar – Markets await the most important data: US CPI in focus
Today’s calendar is focused on U.S. data: the highlight of the session will be the U.S. CPI inflation data for August. The consensus forecast calls for a 3.4% y/y increase (similar to July) and a nearly 0.4% m/m jump, compared to 0.1% in July. A higher CPI reading could strengthen the dollar and bond yields […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Metals
Iron Ore Extends Fall as Steel Margins Weaken
Iron ore futures fell below CNY 720 per ton, extending losses for a third straight session as weakening steel margins in China clouded the demand outlook for the key steelmaking ingredient. Industry data showed that only around 8% of Chinese mills remained profitable, down on both a weekly and annual basis from roughly 30% and […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Metals
Steel Drops to 3-Week Low
Steel rebar futures slipped toward CNY 3,060 per ton, reaching a three-week low as worsening profitability across China’s steel sector weighed on sentiment. Industry data showed that only around 8% of Chinese mills were profitable, down from roughly 30% a week earlier and 60% a year ago. The reading was also the weakest since September […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Metals
Nickel Falls to 2-Month Low
Nickel traded around $16,550 per tonne, falling to its lowest level since July, as prospects for increased Indonesian supply weighed on prices. Indonesia’s Weda Bay Nickel, one of the world’s largest nickel mining operations, restarted mining after four months of care and maintenance, potentially bringing additional ore supply back to the market, although the ramp-up […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
ING, Institutional
Brent: Supply risks and Saudi cuts support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent and WTI have rallied sharply as Middle East tensions escalate and Saudi Arabia reports a steep drop in output. They highlight rising risks to Saudi energy infrastructure and Red Sea exports, alongside stronger Chinese crude buying and tight US inventories, suggesting Oil markets are increasingly […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, UOB
Euro: Downside risks while 1.1585 holds against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term. Over the coming weeks, a daily close under 1.1585 would raise the risk of a move toward […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
GBP, Institutional
GBPUSD rises after UK GDP and industrial production data
UK GDP grew by 0.4% m/m, compared with expectations of 0.0% and 0.3% previously. GBPUSD chart (H1 interval) Source: xStation5
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, JPY
BoJ set to raise interest rates by 25 bps next week – Reuters
According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interest rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years. The report also showed that the BoJ might […]
by Currency Hedger
- 0 Comments
- 3 weeks ago