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US Treasury Secretary Bessent Hints at Possible BoJ Rate Hike
US Treasury Secretary Scott Bessent's remarks during a CNBC interview indicate that the Bank of Japan may be preparing for a rate hike, particularly in light o…
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Federal Reserve official Paulson expresses a strong stance on the necessity to combat inflation, citing a range of 2.4-2.8% for underlying inflation. He acknowledges the challenges of the current economic landscape, including the impact of AI advancements and stock market fluctuations.
Read storyUS Treasury Secretary Scott Bessent's remarks during a CNBC interview indicate that the Bank of Japan may be preparing for a rate hike, particularly in light o…
Federal Reserve official Paulson indicates that underlying inflation is still too high, despite a stable job market. She supports maintaining an open mind rega…
The European trading session saw a shift in market sentiment following comments from US Treasury Secretary Scott Bessent regarding a potential deal with Iran t…
The recent joint intervention by the US and Japan has sparked discussions regarding its potential impact on the yen, with analysts suggesting it could mark a t…
Former Bank of Japan official Takeuchi asserts that the recent joint intervention by the US and Japan has effectively deterred market speculation regarding a c…
Several FX option expiries are set for August 4, with notable levels for EUR/USD, USD/CAD, and AUD/USD. While these expiries may not have strong technical sign…
UBS maintains a constructive outlook for global markets, citing strong earnings growth and cooling inflation as key factors that could support equities. The ba…
The People's Bank of China (PBOC) has set the central rate for the USD/CNY at 6.7917, which is higher than the market estimate of 6.7595. The PBOC also injecte…
HSBC continues to favor US equities, citing resilient economic growth and a strong AI narrative, while interpreting recent declines in semiconductor stocks as…
Federal Reserve Chair Kevin Warsh is reportedly contemplating a significant reduction in the number of policy meetings held annually, potentially cutting the c…
HSBC forecasts continued strength for the US dollar, driven by widening interest rate differentials and resilient US economic performance. The bank's outlook r…
US stock markets experienced a strong start to August, with major indices rising for the third consecutive day. The NASDAQ Composite led the gains, driven by t…
The AUD/USD currency pair encountered selling pressure during the Asia-Pacific session, peaking at 0.7046, just below the 100-day moving average. This resistan…
The S&P Global Manufacturing PMI for July remained at 53.9, indicating ongoing but slowing expansion in the manufacturing sector. Key indicators such as output…
The Indian Rupee has gained strength following a coordinated dollar-selling intervention by Japan and South Korea, coupled with a lack of hawkish surprises fro…
Federal Reserve Bank of New York President John Williams stated that while the Fed is aware of current market pricing, it is not obligated to align its policy…
In the Australian and UK retail forex markets, brokers have reached a saturation point in spread pricing, leading to a shift in competitive strategies. With sp…
The Euro area manufacturing sector recorded a final PMI of 51.9 in July, slightly below preliminary estimates, yet marking a three-month high. Despite this upt…
The final manufacturing PMI for July in the Euro area registered at 51.9, slightly below the preliminary estimate of 52.0 but up from 51.4 in June. While manuf…
French manufacturing activity showed signs of contraction in July, with the final Manufacturing PMI coming in at 49.8, down from a preliminary reading of 50.0…
Switzerland's consumer price index (CPI) rose by 0.4% in July, matching expectations but reflecting a slight decline in headline inflation. Core inflation rema…
The upcoming week features significant economic data releases, including manufacturing PMIs, U.S. job openings, and labor market reports from both the U.S. and…
Today's economic agenda features final manufacturing PMIs for major Eurozone economies and the UK, alongside Switzerland's CPI report. Market reactions are exp…
The USD/JPY currency pair has seen a decline to 156.43, marking its lowest levels since May, following a joint intervention by the US and Japan. This intervent…
A Reuters poll indicates that 68 out of 72 economists expect the Reserve Bank of India to keep interest rates unchanged this week, as inflation remains within…
The People's Bank of China (PBOC) has set the USD/CNY reference rate at 6.7898 for today, exceeding market expectations of 6.7364. The central bank continues t…
The People's Bank of China (PBOC) is anticipated to announce the USD/CNY reference rate at 6.7364, reflecting ongoing market dynamics and economic consideratio…
The S&P Global Australia Manufacturing Purchasing Managers' Index (PMI) rose to 52.0 in July, indicating a return to growth in production and new orders for th…
US Treasury Secretary Scott Bessent and Japan's Ministry of Finance have confirmed their joint intervention in the yen's foreign exchange market, pledging to t…
President Trump emphasized the financial advantages of U.S. intervention in the yen market, linking it to the robust U.S.-Japan relationship. His comments sugg…
China's Politburo has committed to accelerating spending on pre-approved infrastructure projects rather than introducing new stimulus measures, following disap…
SpaceX's shares have dropped sharply since their initial public offering, reflecting a combination of structural and operational pressures. The upcoming releas…
Japan's Finance Minister Satsuki Katayama is expected to announce on Monday that Tokyo and Washington have conducted a joint currency intervention to halt the…
Forex rates in major Asian markets remain stable as trading begins on Monday, with only slight changes observed since late Friday.
Broader US stock indices ended the day on a positive note, with the Dow Jones, S&P 500, and Nasdaq all closing higher. The Japanese yen strengthened amid specu…
Broader US stock indices ended the week positively, while the Japanese yen gained strength amid intervention speculation. The Federal Reserve's dissenting voic…
The GBP/USD currency pair has broken above the significant swing level of 1.34797, reaching its highest point since mid-July. Following a brief correction, the…
Following a week dominated by major tech earnings, the upcoming calendar features reports from various sectors including industrials, healthcare, and consumer…
Richmond Fed President Thomas Barkin stated that determining whether interest rates are sufficiently high remains a 'close call.' He refrained from commenting…
European equities ended the week on a positive note, with most major indices posting modest gains. The FTSE MIB led the region, while the UK's FTSE 100 was the…
The US Treasury Department has advised currency market participants to brace for potential further intervention in response to recent actions by Japanese autho…
Lorie Logan, President of the Dallas Federal Reserve, has voiced her dissent regarding the recent FOMC rate decision, advocating for a quarter-point rate hike…
The Federal Reserve Board has announced a request for public comment on a proposal intended to modernize the regulatory rules governing mutual banking organiza…
The Federal Reserve Board has announced a request for public comment on a proposal to update its regulations concerning the extension of credit to bank insider…
Canada's real GDP increased by 0.3% in May, surpassing the 0.2% forecast. This marks the second consecutive monthly rise, driven by broad-based growth across v…
The U.S. dollar has strengthened at the start of the North American trading session, recovering from previous declines following a significant drop in USDJPY a…
Federal Reserve officials Neel Kashkari and Michelle Hammack have articulated their dissenting views from the recent FOMC meeting, advocating for a 25 basis po…
Eurozone inflation has edged up in July, prompting speculation about future ECB rate hikes. Meanwhile, the Bank of Japan holds rates steady, with Governor Ueda…
Recent central bank meetings and economic data releases have led to a slight dovish repricing in interest rate expectations globally. Key updates include uncha…
Martin Kocher of the European Central Bank underscores the necessity of a data-dependent approach to monetary policy, particularly in light of geopolitical unc…
In July, the euro area's annual inflation rate increased to 2.9%, surpassing the previous month's 2.8% estimate. Core inflation also rose to 2.5%, prompting sp…
Italy's preliminary Consumer Price Index (CPI) for July has been reported at 2.8% year-on-year, aligning with market expectations. This figure indicates a slig…
The US dollar experienced broad weakness following stealth interventions from Japan and South Korea, leading to significant volatility in USD/JPY. As geopoliti…
Germany's unemployment rate rose to 6.4% in July, exceeding expectations, as the number of unemployed individuals increased by 6,000, indicating ongoing softne…
BP has announced the sale of its North Sea business following an operational review, concluding a 60-year presence in the area.
Bank of Japan Governor Kazuo Ueda has stated that the central bank will conduct monetary policy carefully to avoid falling behind the curve, particularly as un…
Preliminary data for July shows France's consumer price index (CPI) rising by 2.1% year-on-year, surpassing expectations of 1.8%. The harmonized index of consu…
