There has been a remarkable turnaround for markets this week. At the start of the week, fears about oil price spikes, rate hikes and a bond market rout caused a surge in volatility. However, at the end of the week there has been a remarkable turnaround. The S&P 500 is poised to eke out a […]
The Fed rate hike: what happens now? The dust has settled on tonight’s Fed meeting and the market reaction is clear: the Fed’s signal that there could be a series of rate hikes has spooked financial markets. Bonds sold off at the short end of the Treasury curve and US stocks also fell, led by […]
Facts: Recommendation: Trade: Short position on AUDUSD at market price Target: 0.7067, 0.7000 Stop: 0.7165 Opinion: AUDUSD has been trading in an upward trend recently, but the pair may be experiencing a trend reversal. Looking at the H4 interval, one can see that the price bounced off the key 0.7130 resistance area. The green area […]
Key statements by Ueda during the press conference following the BOJ’s decision to hike rates: Maintaining a hawkish stance and refusing to yield to dissent within the board were interpreted by the market as a clear signal that further rate hikes are inevitable. In response to the BOJ Governor’s remarks, the Japanese currency is trimming […]
The Bank of Japan did exactly what the market expected, raising the interest rate by 25 basis points to 1.25%, the highest level since 1995. In a textbook scenario, such tightening should support the currency. Meanwhile, the yen reacted with a weakening, and the USDJPY pair dynamically returned above the 157 barrier. This is the […]
Germany’s 10-year Bund yield ended the week around 3.5%, down from a peak of 3.57% on Tuesday, the highest level since June 2009, and posting its first weekly decline since early August. The retreat came as traders scaled back expectations for further ECB rate hikes, despite a more restrictive tone from the Federal Reserve that […]
Poland’s industrial output eased to 4.3% year-on-year in August 2026 from a revised 4.9% in the previous month, falling short of expectations of 6.8%. This marked the lowest reading since April, as production growth slowed in manufacturing (3.4% vs 4.4% in July), weighed down by slower growth in beverages (6.1% vs 16.9%) and repair, maintenance, […]
UK 10-year gilt yields rose to 5.25% on Friday after falling more than 10bps in the previous session, as investors digested stronger-than-expected retail sales and this week’s central bank decisions. UK retail sales rose 0.5% in August, defying expectations for a 0.2% decline and rebounding from July’s fall. Department stores led the recovery as retailers […]
What Are the World’s Leading Banks Saying About Currencies, Energy Markets, Central Banks and Geopolitical Risk? Foreign exchange markets can move in seconds. A central bank decision, inflation surprise, change in interest-rate expectations, energy-price shock or geopolitical development can rapidly alter the value of a currency and change the cost of an international transaction. For […]
The British Pound (GBP) has ticked up against the US Dollar (USD) on Friday, following an unexpected increase in UK Retail Sales. The GBP/USD pair, however, remains on its back foot, trading at 1.3370, ahead of the London session opening, on track for a 1.15% weekly decline, crushed by the diverging monetary policy decisions of the Federal […]