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British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyed
GBP, Institutional, Technical Analysis
British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyed
The British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United States (US) Bureau of Labor Statistics (BLS) posting strong Nonfarm Payrolls (NFP) figures for August. At press time, the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
British Pound: BoE repricing risk weighs on Sterling – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad argues that United Kingdom (UK) July Gross Domestic Product (GDP), expected flat month-on-month, is unlikely to alter Bank of England (BoE) expectations. The swaps curve implies 75 bps of tightening to 4.50%, which Haddad deems too aggressive, warning this leaves British Pound (GBP) exposed to a dovish BoE repricing given the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, MUFG
US Dollar: Strong payrolls fail to sustain Dollar gains – MUFG
MUFG’s Lloyd Chan notes the Dollar strengthened after a stronger-than-expected August US jobs report, with Nonfarm Payrolls and labour participation surprising to the upside while wage growth eased. Markets now price a significant chance of further Federal Reserve tightening by December, but DXY remains little changed since Fed Chair Warsh’s Jackson Hole speech, suggesting investors are not […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
Oil: Prices climb on supply risks – UOB
According to UOB strategists Oil prices extended gains, with Brent crude settling above $96 and posting a strong weekly rise as disruptions to Middle East supply routes and renewed geopolitical tensions supported energy markets. Brent and WTI futures advanced further, with weekly gains approaching 8% and 10% respectively, while markets watch developments in the Strait […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
DBS, Institutional
Euro: Support at 180 eyed against Yen on BoJ risk – DBS
DBS strategist Philip Wee argues that downside risk in EUR/JPY is less straightforward than in CHF/JPY. He notes that Euro (EUR) strength versus the Swiss Franc (CHF) and British Pound (GBP), and an anti-USD trade, support the Euro as markets price in rate hikes from both the European Central Bank (ECB) and Bank of Japan (BoJ). However, he warns […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Economic Calendar: ECB decision, Oracle results, and US inflation – what to expect?
This week will be dominated primarily by Friday’s release of US inflation data for August. For many FOMC policymakers, these figures could ultimately tip the balance towards either a pause or an interest rate hike at next week’s meeting. CPI Inflation (Friday, 11.09) In this context, it is worth recalling the words of Christopher Waller, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Technical Analysis
The Week Ahead
Key takeaways The Week Ahead: US CPI to determine whether the Fed pulls the trigger this month Markets are quiet at the start of a new week. The euro is mostly stable, even though the AfD, a far right party in Germany, won the state elections in Saxony-Anhalt on Sunday. This is the first time […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Dankse Bank, Institutional
Equities: Labour data weighs on stocks – Danske Bank
Danske Research notes that a strong US labour market report increased expectations of a more hawkish Federal Reserve, pressuring global equities. The S&P 500 declined while the Stoxx 600 posted a small gain, with cyclicals outperforming and rate-sensitive sectors underperforming. The team highlights that, despite Friday’s weakness, it was broadly a cyclical week, with Financials, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
CEE FX: Hawkish pricing versus dovish banks – ING
ING’s Frantisek Taborsky highlights a busy CEE data and policy calendar, with Hungary’s inflation seen edging up, the National Bank of Poland and Central Bank of Turkey expected on hold, and Romania’s inflation falling sharply on base effects. He argues markets overprice tightening in Czech Republic and Poland, seeing scope for narrower rate differentials and […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
US Dollar: Volatility risks around Fed decision – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that the latest US labour market report does not materially alter expectations for a September Fed rate move, leaving August US inflation as the key driver. Market pricing of roughly a 60% probability for a hike suggests divided positioning, with potential for significant USD volatility around the Fed meeting depending on how […]
by Currency Hedger
- 0 Comments
- 2 weeks ago