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Banking Capital Markets Economic Finance Forex Technical Analysis
August 3, 2023
By admin

What does the US credit downgrade mean for markets?

The United States government’s credit rating has been downgraded by Fitch, citing concerns about runaway deficits and rising debt burdens. Riskier assets like stocks fell on the news, while the US dollar traded higher amid a flight to safety. Is this downgrade a game-changer for global markets?  Downgrade Credit ratings agency Fitch just downgraded the quality […]

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Banking Capital Markets Economic Finance Forex
August 3, 2023
By admin

US treasury yield rally and BOJ intervention impact forex landscape

Bunds and US Treasuries parted ways yesterday. Yields on the latter surged more than 8 bps at the long end of the curve. That had little to do with the Fitch rating downgrade, though it was related to one reasons for the decision: the deterioration fiscal situation. US Treasury for the first time in over two years […]

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Banking Capital Markets Economic Finance Forex
August 3, 2023
By admin

Bank of England set to raises rates to a new 15 year high

European markets underwent another negative session yesterday, clobbered by concerns over weaker than expected economic activity, which in turn is raising concern for earnings growth heading into the second half of the year. Throw in a US credit rating downgrade from Fitch and the catalyst for further profit taking after recent record highs for the […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
July 30, 2023
By admin

EUR/JPY Moved Higher following BoJ decision and German data

At the time of writing, the EUR/JPY pair is trading near the 155.50 area, marking a significant 1.54% increase from its opening price. The pair experienced a daily low of 151.40, and then the Yen lost interest as investors took the Bank of Japan decision as dovish. On the one hand, Thursday’s rumours materialised, and the […]

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Banking Capital Markets Economic Forex
July 28, 2023
By admin

US Core PCE Preview

The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Friday, July 28 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of six major banks. Core PCE is seen softening to 4.2% […]

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