Japanese Yen : Range holds with BoJ hike expectations – BBH
Institutional
Japanese Yen : Range holds with BoJ hike expectations – BBH
Brown Brothers Harriman’s (BBH Elias Haddad notes USD/JPY is stuck between resistance at 160.00 and support at the 200‑day moving average, as Bank of Japan (BoJ) officials maintain hawkish guidance and underlying inflation firms near the 2% target. Haddad expects a 25bps BoJ hike in September but argues a lower USD/JPY is more likely to […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, MUFG
Japanese Yen: Himino signals hawkish shift – MUFG
MUFG’s Derek Halpenny notes that the Japanese Yen reaction to Deputy Governor Himino’s speech was limited, even as his comments aligned with market expectations for a Bank of Japan rate hike in September. The BoJ is seen shifting toward a faster pace of tightening, with FX developments increasingly central to its inflation outlook, while Jackson Hole […]
by Currency Hedger
- 0 Comments
- 1 month ago
ING, Institutional
Australian Dollar: RBA hold view caps near-term upside against US Dollar – ING
ING’s Francesco Pesole highlights that the Australian Dollar (AUD) is the only G10 currency gaining this week as hotter July inflation and strong household spending fuel hawkish Reserve Bank of Australia (RBA) expectations. ING’s macro team still favours a prolonged RBA hold, expecting benign inflation and a steady Fed to reduce urgency, with AUD/USD targeted […]
by Currency Hedger
- 0 Comments
- 1 month ago
Metals
Gold Steady as Investors Await Warsh’s Jackson Hole Speech
Gold was little changed around $4,590 an ounce on Thursday after posting its biggest one-day percentage decline in a week, as investors awaited fresh policy signals from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on Friday. Despite slightly hotter US inflation data, concerns over global debt continue to support demand for the […]
by Currency Hedger
- 0 Comments
- 1 month ago
Metals
Tin Holds Near 2-Month High
Tin futures in the UK were above $54,800 per tonne, holding most of the recent rally that topped at the two-month high of $56,780 amid the outlook of strong demand. Tin demand remained underpinned to the strong outlook on AI infrastructure due to the metal’s utility in data centers. Soaring order growth for Nvidia, per […]
by Currency Hedger
- 0 Comments
- 1 month ago
Currency Talk, EUR
ECB Sees Future Hike as Likely as Inflation Risks Persist
All ECB policymakers agreed to leave rates unchanged at the July meeting, following the first rate hike since 2023 in June, citing elevated uncertainty and the fact that the full inflationary impact of the energy shock had yet to emerge, according to the latest minutes. However, some said they would not have opposed another hike, […]
by Currency Hedger
- 0 Comments
- 1 month ago
GBP, Technical Analysis, USD
Trade of The Day – GBP/USD
Facts: Recommendation: Trade: Short position on GBPUSD at market price Target: 1.3525, 1.3480 Stop: 1.3630 Opinion: GBPUSD has been trading in an upward trend recently. However the pair may be experiencing a trend reversal. Looking at the pair at the H1 interval, one can see that the price broke below the lower limit of the […]
by Currency Hedger
- 0 Comments
- 1 month ago
Energies
WTI Price – Bears have the upper hand below $82.10-$82.15 confluence hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some selling following the overnight bounce from the $79.30-$79.25 region, or an over two-week low, though the downside remains cushioned. The commodity trades just above the $81.00 mark during the first half of the European session on Thursday, down less than 0.50% […]
by Currency Hedger
- 0 Comments
- 1 month ago
BNY, Institutional
Polish Zloty: Import pass-through risks challenge cuts – BNY
BNY’s Geoff Yu argues that Euro strength is amplifying import price pass-through risks for Poland, with EUR/PLN gains feeding into higher import prices. The Monetary Policy Council’s guidance of unchanged rates contrasts with market pricing for a return above 4%. Yu sees Poland as facing the clearest hawkish risk in Central and Eastern Europe, making […]
by Currency Hedger
- 0 Comments
- 1 month ago
ING, Institutional
US Dollar: Warsh speech keeps markets cautious – ING
ING strategist Francesco Pesole sees recent United States (US) Personal Consumption Expenditures (PCE) Price Index data as consistent with disinflation but too gradual to force Federal Reserve (Fed) hikes this year. Pesole still expects the Fed to hold rates on 16 September and anticipate a weaker Dollar, but warns that hawkish market pricing and Kevin Warsh’s Jackson Hole speech […]
by Currency Hedger
- 0 Comments
- 1 month ago