分析報告

ECB hikes rates by 25bp, What Now?

ECB hikes rates by 25bp, What Now?

The ECB has raised its main policy interest rates by 25 basis points last night, bringing the deposit interest rate to 3.75%. What's particularly noteworthy is that the policy statement accompanying this decision has left the possibility of further rate hikes wide open, without adopting a more cautious tone.
ACY Securities | 656天前
Potential "Ring The Bell" Moment

Potential "Ring The Bell" Moment

As an economist who has been highlighting the divergence between the fundamentals and stocks for some time, that one day drop yesterday on Wall Street is noteworthy. However, it could simply be a short term speculative position squaring hiccup.
ACY Securities | 656天前
Volatility after Bank of Japan tweaks policy

Volatility after Bank of Japan tweaks policy

Asian markets volatile after Bank of Japan's unexpected yield curve control tweak. Euro weakened by ECB's dovish hike. US Q2 GDP data strong. Next focus: Bank of England policy decision, Eurozone & US data releases. Euro and GBP fell; US dollar gained. Japanese yen also fluctuated.
Moneta Markets | 656天前
Looking at the Fed and US GDP Tonight

Looking at the Fed and US GDP Tonight

Join Luca as he discusses the burning question on every trader's mind: Will the Federal Reserve pause after this hike or continue its efforts to combat inflation, potentially creating trading opportunities on US Dollar pairs?
ACY Securities | 657天前
Spotlight turns to the ECB

Spotlight turns to the ECB

Asian markets rose after Fed raised rates 25bps but signaled uncertainty on further hikes. ECB expected to raise rates 25bps today but future path unclear. BoJ unlikely to change ultra-loose policy despite rising inflation. US Q2 GDP expected at 2.0% annualized. Dollar and yields fell as markets see rates nearing peak. ECB and BoJ meetings today are focus, while US GDP is key data.
Moneta Markets | 657天前
EURUSD Down to 1.10, Here is What You Need to Know

EURUSD Down to 1.10, Here is What You Need to Know

In quiet markets ahead of G3 central bank meetings later this week, currency pairs are being driven by the soft set of eurozone July PMIs and the prospect of some renewed Chinese stimulus after China's Politburo promised 'counter-cyclical' measures. These look like short-term trends. I would wait for the policy meetings to set the true FX tone.
ACY Securities | 658天前
The Great Illusion - How Long Can It Last?

The Great Illusion - How Long Can It Last?

Everyone just wants to look away, but the facts of the situation are clear. As the Biden Administration continues to trot out its re-election mantra of the economy is strong, the reality, and therefore appropriate policy responses are far from it.
ACY Securities | 658天前
All eyes on the Fed

All eyes on the Fed

Asia-Pacific markets down. IMF raises 2023 world growth forecast to 3.0%, warns of risks. US Fed expected to hike rates by 25 bps. Markets skeptical of further hikes. Fed may keep options open, data-dependent. Eurozone money supply, US new home sales data due. Bond yields up in US and UK, lower in Eurozone. Sterling slightly higher.
Moneta Markets | 658天前
Fed Wait - Is Crucial

Fed Wait - Is Crucial

Economic data around the world continued to darken significantly, including the US scene, but nothing it would seem can stop the buying.
ACY Securities | 659天前