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Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount for a rate-cutting phase ahead. It's had quite the reaction. Risk assets are up,...
We expect a 0.4% month-on-month core CPI print in the US today, above the 0.3% consensus. That should offer the US dollar support, but we don’t think that will prompt markets to seriously price out a...
August has historically been the most bearish month for GBP/USD and AUD/USD going back to the Bretton Woods Agreement in 1971 - see the data! August Forex Seasonality Key Points August has...
Australia’s June inflation report showed the trimmed mean easing to 2.6%, matching the RBA’s forecast and firming market bets for an August cut. AUD/USD held steady while the ASX 200 pushed higher...
Correlation breakdowns are pointing to a regime shift in FX markets. With Fed expectations less dominant, GBP/USD and USD/CAD are thriving in a low-volatility, risk-on environment. USD correlations...
The Australian labour market is cracking, with a sharp jump in unemployment and weak full-time jobs data driving a repricing of RBA rate cut expectations. The Aussie dollar and yields are sinking,...
Today’s June Fed minutes will answer this question. Unless something remarkable emerges, the tariff story itself seems unable to significantly steer the US dollar for now, as markets retain a...
Geopolitical tensions remain high as Iran continues launching ballistic missiles toward Israel, prompting retaliatory strikes from Israel on Iranian military and nuclear infrastructure. While...
Long-end bonds hit as real yields surge Fiscal concerns driving the latest bond selloff Risk sentiment weakening but not yet fully pricing damage AUD under pressure, but other FX setups look...
Asian Session Market Wrap US stock futures fell, and Treasury yields rose after Moody’s downgraded the US government’s top credit rating. The downgrade, from AAA to AA1, was due to a growing budget...
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