Analisis

China resistance to CNY weakness builds

China resistance to CNY weakness builds

Today, we received further signals from Chinese authorities indicating their resistance to continued depreciation of the Chinese Yuan (CNY) and the broader depreciation of the US Dollar. These signals may be prompting more aggressive measures to ensure stability of the CNY against the Trade-Weighted Index (TWI).
ACY Securities | 662 hari yang lalu
The Growing Commodity Prices Risk

The Growing Commodity Prices Risk

When the Federal Reserve raises rates for hopefully the last time at it’s upcoming meeting, there is a risk markets could be surprised by a rather staunch continuing tightening bias statement.
ACY Securities | 662 hari yang lalu
UK retail sales data lifts pound

UK retail sales data lifts pound

Asian markets mixed, US economy resilience assessed after weekly unemployment claims fall. UK consumer confidence declined in July, retail sales stronger in June. No major data today; focus on next week's Fed, ECB, and BoJ monetary policy decisions. Pound reacts to retail sales, GBP/USD at 1.29. UK 10-year gilt yields up, Brent crude above $80 per barrel.
Moneta Markets | 663 hari yang lalu
Bond market rally continues

Bond market rally continues

Mixed Asia-Pacific markets. Aus labor market report supports rate hike. Bank of Japan cautious on tightening. Eurozone consumer confidence rises. US jobless claims and home sales data awaited. UK retail sales expected to rise, consumer confidence to fall. Lower UK inflation boosts bond market. Sterling falls against euro, dollar.
Moneta Markets | 664 hari yang lalu
EUR CPI & GBP CPI What is Priced In?

EUR CPI & GBP CPI What is Priced In?

At the beginning of this week, there were concerns about the dollar and its potential vulnerability to the residual effects of the disinflation surprise. The data calendar was relatively quiet, and all eyes were on the upcoming FOMC meeting scheduled for July 26th.
ACY Securities | 665 hari yang lalu
Kiwi Rebounds, NZ CPI Climbs; USD/DXY Flat, GBP Tumbles

Kiwi Rebounds, NZ CPI Climbs; USD/DXY Flat, GBP Tumbles

New Zealand’s Kiwi (NZD/USD) rebounded to 0.6317 from its New York close at 0.6275 after New Zealand’s Q2 CPI rose to 1.1% against expectations at 0.9%. The Kiwi settled at 0.6297. Weighed by the lower Kiwi, the Australian Dollar eased to 0.6812 from 0.6837 yesterday.
ACY Securities | 665 hari yang lalu
Pound falls after UK inflation data

Pound falls after UK inflation data

Asian markets mixed, China and Hong Kong down on economic concerns. UK inflation data surprises on downside. BoE speech on quantitative tightening awaited. Eurozone CPI due, ECB likely to raise rates. US housing data and retail sales report to be monitored. Pound falls on UK inflation news.
Moneta Markets | 665 hari yang lalu