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Professional and technical analysis on products and past trades
Yen weakens as Japan’s producer price growth exceeds market expectations
Japan's Producer Price Index accelerated to 7.1% in October, exceeding market forecasts and weakening the yen against the US dollar.
UK GDP growth supports BoE rate hike bets in December
The UK saw steady economic growth of 0.7% within Q3 however this masks some key points. We saw growth from the tech sector and services, but we also saw higher imports leading to a larger trade deficit showing just how much the country relies on imports of energy and goods.
USD/MXN rises as diverging central bank policies support the US dollar
Diverging central bank policies, driven by a hawkish Federal Reserve and Banxico's interest rate cut, have pushed the USD/MXN pair up by 9.5% over the past two months, narrowing yield differentials and boosting demand for the US dollar.
Gold price forecast: $4,000 tested as inflation fuels fears of a 50bps rate hike
Gold recovered toward $4,050 after losing almost 3% in the previous session. The selloff began after US inflation exceeded forecasts and Fed Governor Christopher Waller opened the door to a 50-basis-point rate hike in December.
Treasury yields reclaim 5% threshold as inflation pressures mount
Rising inflation drove 10-year US Treasury yields back to 5% as higher consumer prices intensified expectations of a Federal Reserve interest rate hike at its upcoming December meeting.
Brent slides amid optimism over a potential US-Iran conflict resolution
Brent crude fell by 5.94% to $92.52 amid potential progress in US–Iran diplomacy.
USD/JPY forecast: US CPI and BoJ rate hike expectations put 159.00 in focus
The interest rate gap between the United States and Japan remains wide, but markets are now considering the possibility that both central banks could raise rates in December. US inflation data and the Bank of Japan’s Summary of Opinions may determine which side of that trade gains more support.
US dollar advances on robust job growth and low unemployment
The US Dollar Index rose by 0.70% to 102.28 as strong employment data heightened market expectations of a hawkish interest rate hike by the Federal Reserve at upcoming meeting.
Week ahead: US inflation, UK GDP and political shifts put markets to the test
Markets head into the week with a tough set of factors in terms of price. The US manufacturing and labour market data are all pointing to continued strength in the economy, but inflation is still high enough to leave the Fed with very little room to ease. All the same, the political developments in Washington, the big fall in oil prices and the renewed pressure on the tech names are all forcing investors to look at risks outside the economic cycle.
GBP/USD rises on a BoE hike and a weaker dollar
Sterling’s move towards 1.35 looks like a straightforward interest-rate story. The pound is gaining from the Bank of England’s first increase in more than three years, while the dollar is losing support as US yields and oil prices fall after the midterm elections. But cheaper energy also reduces the need for further BoE tightening, leaving the rally dependent on which side reprices first.
