Turkey Economic Confidence Hits Highest Since Mid-2023
Turkey Economic Confidence Hits Highest Since Mid-2023
Turkey’s Economic Confidence Index rose to 101.3 in September 2026 from 100.6 in August, remaining above the 100 threshold for a second consecutive month and reaching its highest level since June 2023. This signaled a more positive outlook, with notable improvements seen in retail and consumer confidence. The retail trade confidence index rose 1.1% from […]
by Currency Hedger
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- 1 week ago
Institutional
S&P 500: Higher yields pressure equities – Deutsche Bank
Deutsche Bank’s Early Morning Reid notes that rising US yields and Oil prices are weighing on equities. The S&P 500 fell nearly 0.8%, led by larger declines in the Magnificent 7, while defensive sectors such as consumer staples and healthcare posted modest gains. Risk assets react to rate repricing “Moreover, yesterday started to see growing […]
by Currency Hedger
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- 1 week ago
CommerzBank, Institutional
US Dollar: Stock-driven flows raise vulnerability – Commerzbank
Commerzbank’s Volkmar Baur highlights that the US current account deficit remains large at about 3% of GDP and increasingly relies on foreign inflows into US stocks rather than bonds. He stresses that equity flows are far more volatile, tying support for the US Dollar more closely to US stock market performance, household wealth, and private […]
by Currency Hedger
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- 1 week ago
Economic Calendar – RBA Hawkish Move and a Wave of Central Banker Speeches
Key takeaways The Asian session brought a key decision from the Reserve Bank of Australia (RBA), which raised interest rates as expected by 25 basis points to 4.60%, citing elevated inflation risks and geopolitical tensions in the Middle East. Accompanying data on household spending in Australia showed stagnation (0.0% MoM vs 0.3% consensus), confirming an […]
by Currency Hedger
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- 1 week ago
Energies, Hedging, Market Analysis, Technical Analysis
Chart of the day: Weather offsets high rollover on NATGAS
Key takeaways Gas gives back premium from pipeline outage, but weather and LNG prevent deeper discount US natural gas is trading around $3.12 per MMBtu and is falling for the second session in a row. However, it is worth noting one important detail key to further analysis. On September 23, futures contracts rolled over, and […]
by Currency Hedger
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- 1 week ago
Institutional
Australian Dollar: RBA hike reinforces hawkish stance – Deutsche Bank
Deutsche Bank’s macro strategy team notes that the Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60%, in line with expectations. The RBA signalled that inflation remains too high and left the door open to further tightening if needed. Australia’s 10-year government bond yield is now at a post-2011 high […]
by Currency Hedger
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- 1 week ago
CommerzBank, Institutional
Australian Dollar: RBA’s hawkish hike caps upside – Commerzbank
Commerzbank’s Volkmar Baur reports that the Reserve Bank of Australia raised its cash rate by 25 bps to 4.6%, the highest level in about 15 years, and struck a notably hawkish tone. Despite signaling that rates could rise further as inflation broadens beyond energy, the Australian Dollar’s initial gains faded, with markets already pricing nearly […]
by Currency Hedger
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- 1 week ago
Bullock Speech: RBA Governor speaks on policy outlook after the expected interest rate hike
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind raising the key interest rate by 25 basis points (bps) to 4.60% from 4.35% in the September policy meeting. Key quotes from the RBA press conference Inflation is driven by domestic capacity pressures. Inflationary pressures to last longer […]
by Currency Hedger
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- 1 week ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Softens to near 1.1350 as bearish bias holds below key averages
The EUR/USD pair trades in negative territory around 1.1360 during the early European session on Tuesday. The Euro (EUR) weakens to its lowest since July 28 against the US Dollar (USD), pressured by surging US Treasury bond yields and hawkish signals from the Federal Reserve (Fed) officials. Traders await the Fedspeak later on Tuesday. Expectations […]
by Currency Hedger
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- 1 week ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Fresh downside leg likely below 1.3200
The British Pound (GBP) is down 0.15% at around 1.3234 against the US Dollar (USD) during the early European trading session on Tuesday. The GBP/USD pair is under pressure as the US Dollar trades firmly ahead of the United States (US) JOLTS Job Openings data for August, which will be published at 14:00 GMT. US […]
by Currency Hedger
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- 1 week ago