How long can the BoJ hold out? That’s the question JPY and JGB traders want to know. Last week saw another nudge from market data which suggests the BoJ needs…
Last week saw gold taking another rally higher on further relief/confirmation that US inflation has peaked. The US CPI headline print was in line with the consensus of 6.5% and…
The New Zealand Dollar has been moving higher recently in line with the more bullish outlook from the RBNZ in October. In that meeting, the NZD had not been very…
This week the BoE and the Federal Reserve both met and both had divergent views on the terminal rate for each country. The Fed hiked by 75bps as expected, but…
The outlook for the UK has been covered extensively across the world’s financial media. The list of troubles that the UK faces is extensive. The GBP is down around 16%…
Last week both the RBA and the RBNZ met, but their policy responses were quite different and a divergence has opened up between them. The RBA hiked by 25bps, but…
On Sep 21 the Fed hiked by 75 bps to 3.00-3.25% and Jerome Powell delivered a significant hawkish message expanding the terminal rate to 4.6% for 2023, up from 3.8%…
On Sep 22 the BoE meets and will decide on how to best proceed with monetary policy. The BoE, like other central banks, is having to rapidly hike rates as…
The USDJPY has been continually pushing higher as the market prices in aggressive Fed policy action. As long as the US keeps rising interest rates the USDJPY can keep moving…
The CHF has reasons for strength. The SNB has dropped its ‘highly valued’ label from the CHF from its June meeting. The returning appeal of traditional safe havens suit flows…