CrankyCocoon

The softer-than-expected July US JOLTS job openings data served as the primary macro driver on Wednesday, weighing on the US dollar (USD) and sending US Treasury yields lower (bull flattening), as markets now fully price in a 25-basis-point (bp) cut this month from the US Federal Reserve (Fed). Acro

Economic activity in the euro area continues to show improvement in both manufacturing and services. Manufacturing crossed the expansion threshold for the first time since mid-2022, with the PMI rising to 50.7 in August from 49.8. Companies have increased production, supported by lower interest rate

USD/JPY tested higher on Wednesday, but remains capped below 148.50.Risk sentiment and Fed rate cut expectations remain the key drivers of Greenback flows.US ADP jobs preview data in the barrel for Thursday. USD/JPY two-stepped near the 148.00 handle on Wednesday, testing higher but remaining capped

The Euro (EUR) is down 0.6% against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets eye September 8 French confidence vote "Broader developments are weighing on the EUR, and s

GBP/USD snaps a three-day winning streak, holds above 1.3450 after US PCE data.Core PCE rises 0.3% MoM, 2.9% YoY, the highest since February.Headline PCE up 0.2% MoM, annual rate steady at 2.6%. The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day

USD/CNH is hovering near the July low of 7.14, with only limited rebound potential in sight. Failure to break above 7.19 would keep the bearish trend intact, opening the door for a deeper move toward 7.11 and possibly 7.07, Société Générale's FX analysts note. Downtrend risks extend toward 7.11/7.07

S2N spotlight I get a real buzz when I see long-dated charts. In April of this year, authors Mohammad Ghaderi, Sebastien Plante, Nikolai Roussanov, and Sang Byung Seo published a 128-year database titled “Pricing of Corporate Bonds: Evidence from a Century-Long Cross-Section.” The data in the databa

The US Dollar (USD) outperformed its peers on Thursday, gathering extra steam on the back of solid data releases and steady caution ahead of the critical speech by Chief Jerome Powell at the Jackson Hole Symposium on Friday. So far, consensus continues to favour a rate cut in September. Here's what

US equities took a hit on Tuesday, led by losses in the technology sector; the Nasdaq 100 slid 1.4% and the S&P 500 was down 0.6%. The pullback, in part, may be due to recent comments from OpenAI CEO Sam Altman, saying Artificial Intelligence (AI) is in a bubble. Still, I think the drop across r

US Dollar (USD) inched higher overnight, in absence of data. DXY was last at 98.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Mild upside risks likely in the interim "Markets are starting to be wary if Fed Chair Powell may even tilt dovish or give a clear, decisive view on