Análise

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 | 783 dias atrás
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 | 783 dias atrás
China down EURUSD down to 1.06

China down EURUSD down to 1.06

Manufacturing PMIs in China came in weaker than expected and in contraction territory, generating a risk-off wave yesterday (as well expecting for today) and helping the greenback stay in demand. Given the ongoing hawkish repricing of Fed expectations, the US dollar can remain supported for a bit longer.
ACY Securities | 783 dias atrás
Interest rate expectations remain volatile

Interest rate expectations remain volatile

Asian markets up despite EU, US declines. China's positive PMI and debt deal boost sentiment. Fed policymakers support no rate increase. Eurozone CPI falls. ECB divided on rate hikes. UK money supply, lending data, BoE panel offer insights. PMI unchanged. Bond yields fall. Sterling strengthens.
Moneta Markets | 783 dias atrás
Yen Lifts After Japan Inc Rhetoric, DXY Holds 10-Week Highs

Yen Lifts After Japan Inc Rhetoric, DXY Holds 10-Week Highs

The Dollar rocketed to a six-month high against the Yen to 140.93 before retreating swiftly after Japanese officials said they will closely watch currency markets moves and respond “appropriately as needed.” The USD/JPY pair tumbled to 139.80 in late New York trade.
ACY Securities | 784 dias atrás
What’s next after tentative debt limit agreement?

What’s next after tentative debt limit agreement?

Following about a month of negotiations after the approval of a debt limit bill by the Republican majority in the House of Representatives on April 26th, President Joe Biden and House Speaker Kevin McCarthy revealed on Saturday evening their achievement of a preliminary compromise agreement.
ACY Securities | 784 dias atrás
 UK business confidence slips in May

UK business confidence slips in May

Asian equity markets down on weak China PMI. Concerns over US Fed rate hike. Business confidence falls but still above start of year. Eurozone inflation data watched. Sparse US data, JOLTs survey and Beige Book released. BoE's Catherine Mann may argue for larger rate increase. US Treasury and UK gilt yields fell, US dollar strengthens.
Moneta Markets | 784 dias atrás
US debt limit accord reached, still to be voted on

US debt limit accord reached, still to be voted on

Asian session cautious despite US debt ceiling deal. UK interest rate concerns rise. Sparse UK data. Global focus on inflation. Eurozone data awaited. China's PMI signals growth slowdown. US, UK return after holiday. Pound stable. 10-year Treasury yields fall, 2-year yields stable.
Moneta Markets | 785 dias atrás