Analýza

FX and Gold Outlook

FX and Gold Outlook

While I believe that the recent gains of EUR/USD have been exaggerated and may lead to a near-term correction lower, I anticipate that the combination of factors influencing the currency pair will generally remain positive, enabling it to regain more strength over the next 6-12 months.
ACY Securities | Před 703 dny
Major oil producers agree to supply cuts

Major oil producers agree to supply cuts

Asia equities rise on China services data. OPEC+ extends cuts, oil prices up. Interest rate outlook in focus. Limited central bank updates. UK services PMI unchanged. US services ISM shows growth. Eurozone PMI indicates expansion. UK retail report, Australian policy decision awaited. US bond yields up, dollar strengthens. GBP/USD falls.
Moneta Markets | Před 703 dny
Fed Signals Pause; Dollar Falls, Long Bets Unwound

Fed Signals Pause; Dollar Falls, Long Bets Unwound

The US Dollar fell as speculative long bets were unwound ahead of today’s US Payrolls report. Fed speakers, led by Philadelphia President and FOMC member Harker, said that the US central bank should “skip” a June rate hike. Risk appetite rose, boosting stocks.
ACY Securities | Před 706 dny
USD & GBP: All You Need to Know

USD & GBP: All You Need to Know

The dollar came off its highs overnight after a couple of Fed speakers suggested the bank could skip a hike at its June meeting. This strategy could buy the Fed a little more time. However, US data and the overnight release of the Fed Beige Book suggest the dollar will hold gains as we head into today jobs report!
ACY Securities | Před 706 dny
Get Ready. A New Race Is About to Begin?

Get Ready. A New Race Is About to Begin?

US Senate scrambles to get the job done in time. There are still challenges apparently, to speeding up the process, With some amendments potentially delaying the passage of the bill beyond the crucial deadline.
ACY Securities | Před 706 dny
Markets await key US payrolls report

Markets await key US payrolls report

Equities in the Far East rose as the US Senate passed the debt ceiling bill, avoiding a US default. The Hang Seng gained 4%. Today's focus is on the US payrolls report, which could impact expectations of a June interest rate hike. Recent data suggests a resilient US labor market. UK and Eurozone have no major data. The US dollar weakened, pushing GBP/USD above 1.25 for the first time since mid-May
Moneta Markets | Před 706 dny
Next Evolution In Fed Thinking

Next Evolution In Fed Thinking

Clifford Bennett, Chief Economist at ACY Securities highlights the positive news that the Federal Reserve seems inclined to take a pause in its aggressive interest rate tightening cycle. This development is seen as a significant relief for the market, providing a respite from potential interest rate hikes.
ACY Securities | Před 707 dny
Potential EURUSD lower

Potential EURUSD lower

The resolution to the conundrum surrounding the US debt ceiling has had a positive impact on the US debt markets. T-bill yields for near-term maturities have experienced significant declines, while CDS on US debt have retreated aggressively.
ACY Securities | Před 707 dny