Highlights of the Federal Reserve speech from Must be confident underlying inflation is moving to objective or, we have work to do I would be hard pressed to describe broad financial conditions as restrictive. While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved. Overall economy appears…
Commerzbank’s Volkmar Baur challenges recent internal analysis on CNY undervaluation and exports, arguing that China’s exchange-rate management and gold purchases point to deliberate weakening. He highlights China’s outsized export and trade-surplus gains since 2019 and notes that a roughly 20% real exchange-rate advantage is unlikely to be neutral for global trade flows. Exchange-rate policy and export dominance “Between 2019…
The US dollar has moved higher as Fed chair Warsh is more hawkish in his remarks. He remains reluctant to give forward guidance, but the market is pricing and around a 50% chance of a September hike which is up from the low 30s, but not near higher levels near 60 a month or so ago. In the video…
Summary: The seasonal backdrop and the daily Elliott Wave structure are starting to point in the same direction: if this week’s low gives way, a larger decline toward the 7,100–7,200 zone becomes the highest-probability path on the chart. September is the market’s weakest month Since 1928, the S&P 500’s average September return is roughly -1.2%, and it is the…
US dollar climbs as the market sees a rising chance of a Fed hike !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The Mexican Peso (MXN) depreciates against the US Dollar (USD) on Friday, down by over 0.42% on hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback. The USD/MXN pair trades at 17.04, after bouncing off daily lows…
Marvell Technology shares are down over 8% after earnings details disappointed !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
DBS Group strategists Taimur Baig and Nathan Chow expect Bank Negara Malaysia (BNM) to keep its Overnight Policy Rate unchanged at 2.75% on September 3, maintaining the stance adopted after its July 2025 insurance cut. They highlight contained Malaysian inflation and robust 2026 growth near 5%, arguing there is little urgency for rate hikes despite some market expectations. BNM…
As London/European traders had for the exits, the major European indices are closing higher. The gains were led by the France’s CAC which rose by 0.98%. That runs in contrast to that indices price action this week. Ironically, that index closed down -0.98% for the week. So the decline was halved in trading here today. A snapshot of the…
ING’s Chris Turner reports that the Korean Won (KRW) continues to advance, driven by back-to-back Bank of Korea (BoK) rate hikes to 3.00% and a Dot Plot pointing to 3.25% in six months. Upgraded Gross Domestic Product (GDP) forecasts linked to a chip export boom underpin the currency, though authorities may worry about KRW/JPY highs and USD/KRW looks due…
