The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.On April 1, … [Continue reading]
Norges Bank: Rate path seen steady – Nordea
Nordea’s Kjetil Olsen expects Norges Bank to keep its key policy rate at 4.5% next Thursday, in line with the September rate path. He notes mixed data: slightly higher core inflation and energy prices versus a stronger NOK and softer retail sales. … [Continue reading]
Oil: War risks keep prices elevated – Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen highlights that Oil prices have reached their highest level since April as markets focus on potential renewed escalation in the US-Iran conflict after US midterm elections. Rabobank strategists expect … [Continue reading]
EUR/USD Price Forecast: Holds gains to near 1.1200, while staying below key technical resistance
The EUR/USD pair trades in positive territory around 1.1190 during the early European trading hours on Friday. A hawkish pause from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders brace for … [Continue reading]
Bank of Japan set to leave policy rates steady at 1.25%, USD/JPY will trade on future rate path
The Bank of Japan (BoJ) is set to announce its monetary policy decision on Friday at around 02:30 GMT.Like the Federal Reserve (Fed), financial markets are confident that the BoJ will leave interest rates unchanged, after raising them by 25 basis … [Continue reading]
HYPE soars 17% as ICE, Druckenmiller invest in tradeXYZ for US expansion
Hyperliquid (HYPE) jumps 17% on Thursday as Intercontinental Exchange (ICE) announced it will partner with trade[XYZ] to bring Hyperliquid-based perpetual futures markets to the US, expanding efforts to introduce on-chain derivatives trading within a … [Continue reading]
Gold drops 1% as US PCE inflation strengthens case for December Fed rate hike
Gold (XAU/USD) extends its intraday decline on Thursday as the latest US Personal Consumption Expenditures (PCE) inflation data reinforce expectations of a Federal Reserve (Fed) rate hike in December after the US central bank held interest rates … [Continue reading]
US GDP growth is expected to remain near the 2% long-run average
The United States (US) Bureau of Economic Analysis (BEA) is set to publish its preliminary estimate of the Gross Domestic Product (GDP) for the July-September period on Thursday, with analysts expecting the data to show annualised growth at a solid … [Continue reading]
Euro: Downside risk hinges on 1.1110 against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has shifted into a short-term range phase after rebounding to 1.1152. For the next 24 hours they see consolidation between 1.1120 and 1.1190. Over a 1–3 week horizon, a sustained … [Continue reading]
US Dollar Index (DXY) holds above 102.00 as bulls seem hesitant ahead of crucial US data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick on Thursday, though it holds above the 102.00 round figure. Moreover, the index remains close to a two-week … [Continue reading]