Institutional
Deutsche Bank, Institutional
Equities: Pressured by higher yields – Deutsche Bank
Deutsche Bank analysts highlight that the first Federal Reserve hike since 2023 and a more hawkish dot plot weighed on US equities. The S&P 500 fell to its lowest level since July, with blue-chip names and banks underperforming, although tech indices were more resilient. Overnight, S&P 500 futures reversed prior losses, pointing to a tentative improvement […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, Market Analysis, Technical Analysis
Central Banks -The Bank of England preview
The Bank of England: to hike, or not to hike? The Bank of England is expected to hold rates steady when it meets later today. The base rate is expected to remain at 3.75%, and the BOE is expected to be the only major central bank not to hike interest rates this month. So, why […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, UOB
British Pound: Oversold Sterling still seen weaker against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD plunged to 1.3375 and closed at 1.3380, a move seen as excessive but still pointing to further downside. Intraday, they see scope for a test of 1.3350 while holding above 1.3300, and over 1-3 weeks expect continued weakness toward 1.3350 with possible extension […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, Market Analysis
UK CPI data supports ‘hawkish pause’ from BOE
UK inflation data was in line with expectations, at 3.1% for August. This is a rise from 2.9% in July, and is inline with expectations. Of course, the real shock to price growth will be September, when oil prices surged above $100 and the price of unleaded petrol and gas rose to their highest levels […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, UOB
Swiss Franc: Watching break of 0.8205 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating just below major resistance at 0.8205 after trading between 0.8164 and 0.8198. They flag potential for a brief move above 0.8205, though a sustained break is uncertain, and maintain that a firm hold above this level is needed to target 0.8245, with strong support […]
by Currency Hedger
- 0 Comments
- 2 months ago
CommerzBank, Institutional
Norwegian Krone: Norges Bank weighs inflation and growth – Commerzbank
Commerzbank’s Antje Praefcke highlights uncertainty over whether Norges Bank will hike in September or wait until December. Inflation remains above target despite a recent downside surprise, while growth is described as close to normal. The regional network survey is seen as decisive, with Oil prices and Middle East developments still the main drivers for NOK. […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, Rabobank
Oil: Supply risks and central bank pressures – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz. He notes increased supply risks via Bab el-Mandeb and potential mines, and says it has updated its energy forecasts as higher crude and refined product prices […]
by Currency Hedger
- 0 Comments
- 2 months ago
ING, Institutional
US Dollar: Warsh guidance keeps Greenback supported – ING
ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar. They argue the FOMC is likely aware of Treasury risks and will keep a hawkish tone, with Chair Kevin Warsh’s openness to further tightening […]
by Currency Hedger
- 0 Comments
- 2 months ago
Dankse Bank, Institutional
Equities: Consumer sectors under pressure from energy shock – Danske Bank
Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged. The bank notes that selling was concentrated in consumer discretionary and staples, reflecting concerns that higher energy costs will hurt consumers. Despite equities being up over 10% year to date, […]
by Currency Hedger
- 0 Comments
- 2 months ago
Deutsche Bank, Institutional
British Pound: Rising price pressures challenge BoE – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that United Kingdom (UK) inflation rose in August, with headline Consumer Price Index (CPI) at 3.1% year-on-year, its highest since December last year. While Core CPI and food inflation remained subdued, energy and services prices showed worrying strength. Raja highlights that inflation is running above Bank of England (BoE) projections […]
by Currency Hedger
- 0 Comments
- 2 months ago