Análisis

USD: Time to Re-focus on Fed Pricing?

USD: Time to Re-focus on Fed Pricing?

US Treasury bonds experienced continued downward pressure on the preceding day, owing to a troublesome amalgamation of factors including robust US activity indicators, an upsurge in supply, and the repercussions of Fitch's credit rating downgrade.
ACY Securities | hace 441
Weekly Recap July 31 – August 04, 2023

Weekly Recap July 31 – August 04, 2023

Last week, concerns regarding worldwide economic growth and the expectation of continuously high global interest rates prompted traders to divest from commodity-linked currencies and instead seek refuge in haven currencies.
ACY Securities | hace 441
Downside Gathers Pace

Downside Gathers Pace

Our short equities views continue to work well. While many are telling the vanilla story today, of weaker than expected US Payrolls for the market’s decline on Friday, there is actually much more going on?
ACY Securities | hace 441
Focus on central bank speakers

Focus on central bank speakers

Mixed Asia-Pacific stocks amid debate on interest rates. German industrial output down 1.5% in June. UK job market shifts, more seekers, less demand. Central banks' data-dependent hikes expected. Key US CPI report this week. Fed's Bowman suggests more rate hikes, Bostic disagrees. Eurozone investor confidence drops, UK inflation concerns. USD rebounds, GBP/USD around 1.27.
Moneta Markets | hace 441
BoE Hike Rates to Another 25bps!

BoE Hike Rates to Another 25bps!

Amidst a backdrop of a declining infection rate and a growing economy with low unemployment in the UK, one concerning issue still looms: inflation remains unacceptably high. In June, prices surged by a staggering 7.9% compared to the previous year, significantly surpassing BoE targeted inflation rate of 2%.
ACY Securities | hace 444
US Dollar Keeps Strength towards NFP

US Dollar Keeps Strength towards NFP

A sell-off at the long end of the US Treasury market has cast a shadow over risk assets and hit cyclical currencies. The dollar has been the main beneficiary. Expect focus to remain on the US bond market very much into next week's quarterly refunding.
ACY Securities | hace 444
US payrolls will provide a steer on the rate outlook

US payrolls will provide a steer on the rate outlook

Asian markets up despite US/Europe fall. Chinese bank stimulus helps. Australia sees peak in rates. German factory orders rise. US eyes data post rate raise. UK's BoE Chief Economist discusses hike impact. Treasury yields rise in US, UK, Eurozone. Sterling rebounds post BoE policy.
Moneta Markets | hace 444
August Key Events

August Key Events

In July, the US dollar experienced a 1.0% decline (DXY) and briefly reached a new low for the year, dropping below the 100.00-level, a level not seen since April of the previous year. This weakening of the dollar was primarily influenced by mounting evidence of a slowdown in US inflation.
ACY Securities | hace 445