Jason Wong, Currency Strategist at BNZ, suggests that the market’s playbook in the post-Brexit world has been to buy equities, bonds and risk currencies as central banks would deliver more easing, creating a lower-for-longer interest rate environment. Key Quotes “That stance was vindicated overnight with
Derek Halpenny, European Head of GMR at MUFG, suggests that it’s the first Friday of the month, so we all know what that means! Key Quotes “Our internal model estimate for today’s nonfarm payroll print for July is 214k – so above the consensus in
Kit Juckes, Research Analyst at Societe Generale, suggests that away from British parochial issues, it’s jobs day in the US. Key Quotes “After the least volatile era in the payroll series in over 50 years, the monthly data have been winging around of late and
The EUR/USD major maintained its bid tone and held on to its recovery gains to currently trade near session high around 1.1150 region, just below 50-day SMA. The pair this week rose to 6-week high before reversing sharply to erase all of its weekly gains.
Derek Halpenny, European Head of GMR at MUFG, suggests that the BoE’s MPC acted more aggressively than we expected yesterday with a full array of measures to ensure an easier monetary stance going forward. Key Quotes “But when combining the GBP 60bn Gilt buying, with
GBP/USD caught a fresh bid wave over the last hour, giving extra legs to the recovery from BOE-led slump, as we progress towards the US employment data. GBP/USD finds bids near 1.3130 region Currently, GBP/USD jumps +0.40% higher at 1.3161, flirting with session highs reached
Greg Gibbs, Director of Amplifying Global FX Capital, suggests that a key concern is that the functioning of the JGB market has been impaired by the dominant buyer position of the BoJ that now owns over a third of outstanding government bonds and bills. Key
The USD/CAD pair wiped-out gains and turned lower in the European session, extending its losing streak for the fourth straight session as focus now shifts towards the employment numbers from both the North American economies. USD/CAD ignores Oil weakness Currently, the USD/CAD pair trades -0.06%