Broad

French bond yields have risen significantly against German bunds and are likely to stay elevated or potentially move higher. The European Central Bank still appears to be a reliable backstop against excessive bond turmoil. Even if OAT-Bund spreads keep widening in the medium term on the back of fisc

The establishment financial media is in a tizzy this week over Trump's firing of Fed Governor Lisa Cook, a Biden appointee accused of mortgage fraud. They complain that this firing is an assault on the Fed's independence. In reality, though, the notion of 'Fed independence' is a myth. Most recently,

The Pound Sterling consolidates around 1.3460 against the US Dollar on Wednesday.Fed’s Cook announces that she will file a lawsuit against her termination by US President Trump.BoE’s Mann expressed a hawkish stance on interest rate guidance. The Pound Sterling (GBP) trades in a tight range around 1.

Eurozone economic data for the first half of the year has been distorted by US tariffs. Exports surged in the first quarter of 2025 as American businesses front-loaded imports ahead of the implementation of the tariffs, before falling thereafter. Now that the new trade regime is stabilising, we expe

Markets are on edge as Fed Governor Lisa Cook refuses to step down amid Trump’s push to replace her, sparking fears over central bank independence. US yield curve is steepening, the US dollar wavers while the S&P 500 prints record-high valuations despite stronger-than-expected quarterly results.

Pound Sterling (GBP) is likely to trade in a range of 1.3465/1.3545. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. It is unclear if there is enough momentum f

Review “JACKSON HOLE, Wyo.—Federal Reserve Chair Jerome Powell opened the door for the central bank to cut rates as soon as its meeting next month when he said the prospect of a sharper slowdown in the job market might reduce concerns that cost increases due to tariffs will fuel inflation.” – By Nic

Dovish Federal Reserve Chair Powell’s words put the US Dollar in sell-off mode.Wall Street rallies on fresh hopes for a September interest rate cut.EUR/USD regains the 1.1700 mark, aims to retest the 1.1730 level. The US Dollar (USD) collapsed as Federal Reserve (Fed) Chair Jerome Powell delivered h

XAU/USD falls 0.30% as traders await Powell’s Jackson Hole speech.US PMI signals stronger growth at 2.5% annualized pace, but jobless claims rise to highest since late 2021.Fed officials Hammack, Schmid, and Bostic warn inflation risks outweigh jobs concerns, pushing for restrictive policy.Russia de

The Japanese Yen attracts dip-buyers after an unimpressive domestic data-inspired downtick.The divergent BoJ-Fed expectations continue to act as a tailwind for the lower-yielding JPY.Sustained USD buying could lend support to the USD/JPY pair ahead of the FOMC Minutes release. The Japanese Yen (JPY)

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Asia market update: Asian equities diverge; Nikkei falls from record high, HSI erases gain; Bessent continues to talk rates amid focus on yield divergence; 2-yr JGB yield rises; DeepSeek delay. General trend - USD/JPY: Declines to the lowest level since Jul 24th. - Japan 2-year JGB yield rises by 2.