Institutional
Dankse Bank, Institutional
Swedish Krona: Higher Oil and ECB stance pressure currency – Danske Bank
Danske Research Team explains that Sweden’s July Gross Domestic Product (GDP) indicator was weak, but underlying domestic activity appears stronger, with solid services and consumption data. Despite this, a weak Swedish Krona, high Oil prices and the rate spread versus the European Central Bank (ECB) mean they still expect clear guidance for a hike this […]
by Currency Hedger
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- 1 month ago
Institutional, MUFG
US Dollar: CPI outcome to steer rate expectations – MUFG
MUFG’s Lee Hardman highlights that the stronger United States (US) Producer Price Index (PPI) data has reinforced expectations for a Federal Reserve (Fed) rate hike, with around 18 bps now priced for next week’s FOMC meeting. He notes that today’s US Consumer Price Index (CPI), especially core CPI at a forecast 0.2% M/M, will be crucial for […]
by Currency Hedger
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- 1 month ago
Institutional
US core CPI data set to ease in August as markets reprice Fed September rate decision
The US Bureau of Labor Statistics (BLS) will publish the August Consumer Price Index (CPI) data on Friday. The report is expected to show a small decline in annual core inflation. Any divergence from analysts’ estimates could influence the Federal Reserve’s (Fed) policy outlook and impact the US Dollar’s valuation. The monthly CPI is forecast to rise by […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, UOB
Australian Dollar: Fresh downside momentum targets 0.7120 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann flag a sudden AUD/USD selloff to 0.7156, with intraday momentum pointing to further losses toward 0.7140, though 0.7120 is seen as strong support for now. Over the next one to three weeks, the bank now expects the pair could decline toward 0.7120 unless it rebounds […]
by Currency Hedger
- 0 Comments
- 1 month ago
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
- 0 Comments
- 1 month 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
- 1 month 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
- 1 month 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
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- 1 month 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
- 1 month 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
- 1 month ago