Institutional
Institutional
Economic Calendar – ECB decision and hawkish Bank of Japan in focus
Today’s session on the financial markets will be dominated by the European Central Bank’s interest rate decision (14:15) and the subsequent press conference (14:45). Consensus assumes a 25 basis point hike in the main refinancing rate to 2.65%, and the deposit rate to 2.5%. Another key point of the day will be afternoon US publications […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Energies, Institutional
European TTF gas futures hit highest level since 2022 as inventories remain low ahead of winter
European gas prices are rising, with the front-month TTF contract climbing above €79/MWh on Wednesday morning to its highest level since December 2022. The US–Iran war is restricting LNG availability as Europe prepares for winter with unusually low inventories. At the same time, high near-term delivery prices are making storage less profitable and hampering efforts […]
by Currency Hedger
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- 3 weeks ago
Institutional
Treasury triples bond buybacks, but yields keep rising, TNOTE at its highest since November 2023
The U.S. Treasury has tripled the size of its next long-term bond buyback to $6 billion, as Treasury Secretary Scott Bessent seeks to curb rising borrowing costs. The U.S. 10-year Treasury futures contract has fallen to levels not seen since November 2023, with the RSI close to oversold territory. The downtrend has continued virtually uninterrupted […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Metals
Copper Holds Near Record Highs
Copper futures traded around $6.76 per pound on Thursday, staying close to record highs as ongoing supply concerns and tariff uncertainty continued to support prices. Markets were awaiting the Trump administration’s decision on imposing new tariffs on refined metal imports, while the persistent premium for copper futures on New York’s Comex continued to create arbitrage […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional
BoJ Eyes Further Rate Hikes Amid Persistent Cost Pressures
Bank of Japan board member Kazuyuki Masu said the central bank will continue raising its policy rate and adjust monetary accommodation as underlying inflation nears 2%. Speaking in Fukui on Thursday, he noted the pace of hikes will hinge on progress toward the July baseline scenario and risks from crude oil, AI-driven demand and FX […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, MUFG
Japanese Yen: Supported by policy shift expectations – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US Treasury Secretary Scott Bessent reinforce expectations of policy changes in Japan. The bank highlights growing market conviction that the Bank of Japan will accelerate rate hikes this month, helping the Yen rebound without further joint […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, Societe Generale
Polish Zloty: Policy on hold keeps PLN supported against Euro – Societe Generale
Societe Generale’s Kenneth Broux and colleagues expect the NBP to keep rates unchanged at 3.75%, with Governor Glapiński emphasising flexibility and data dependence. Given worsening inflation and the removal of a near‑term cut, they see policy as supportive for the Zloty and expect EUR/PLN to remain biased towards the 4.30 area over the coming quarters. NBP stance […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
ING, Institutional
Copper: Record highs driven by tariff uncertainty – ING
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders position for potential US tariffs on refined Copper imports. They argue policy expectations have tightened availability outside the US and squeezed shorts, warning that prices could correct sharply if proposed tariffs are delayed, softened or […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, Metals
Aluminum Holds at 4-Week High
Aluminum futures in the UK were at $3,330 per tonne, their highest level in four weeks, supported by persistent supply tightness and shrinking inventories. The ongoing US-Iran conflict has crimped aluminum flows from the Middle East, with GCC output falling 44% year-on-year in July. LME inventories remained near a 36-year low, while SHFE inventories fell […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, Technical Analysis
Trade of The Day – Coffee
Facts: Recommendation: COFFEE (D1) Source: xStation5 OPINION: After the breakout from a double top pattern, the price is highly likely to be entering a new market regime, with the current target direction defined by a parallel descending channel. The downward move is strongly supported by the so-called “Death Cross” (EMA100 and EMA200). Based on the […]
by Currency Hedger
- 0 Comments
- 4 weeks ago