Focus on Whether ECB Governing Council Will Hint at a September Rate Cut
Today’s key event is the ECB Governing Council meeting. Following the rate cut decided in June, the market expects the policy rate to remain unchanged this time. This meeting will scrutinize whether further rate cuts are necessary. The main point of interest is whether a rate cut in September will be clearly hinted at in […]
ECB Meeting: Rate Cut Expected, Focus on Future Outlook
Today’s highlight is the ECB meeting outcome. The possibility of a 25 basis points rate cut has been frequently mentioned by ECB members, making it almost a certainty. The focus will be on the future outlook. First, we need to examine any changes in the staff’s economic outlook. In the previous March forecast, inflation was […]
With the upcoming Easter holiday, it’s a tough time for movement; the impact of hawkish remarks from U.S. officials may be seen next week
This week’s dollar market is in a tussle at the high levels it reached up until last week. Following a stubborn decline in the latest U.S. inflation indicators, there have been consecutive statements from officials like Atlanta Fed President Bostick and FRB Governor Waller suggesting a decrease in the number of rate cuts expected this […]
Today’s focus is on the ECB policy interest rates and President Lagarde’s press conference.
The atmosphere seems to be getting more active in the market. The catalyst is a series of positive statements from senior Bank of Japan officials. Following Governor Kuroda, Deputy Governor Nakatani today indicated that “the certainty of achieving the Bank of Japan’s price target continues to gradually increase.” Regarding wage trends, he mentioned that “if […]
Today, the focus is on the ECB Governing Council meeting and the US GDP preliminary report.
Recently, the dollar market has been nervously fluctuating without a clear direction. It remains to be seen whether these two events will trigger a trend in the market. Regarding the ECB Governing Council, the consensus in the market is for the main policy interest rates to remain unchanged. The ECB has maintained an “data-dependent” approach […]
Starting the Week with Limited Catalysts, Continuing the Post-Event Sentiment from Last Week
At the beginning of the week, there are no prominent catalysts in sight. It seems that the market is likely to continue the sentiment from last week following various events. The most recent event was the US employment data released at the end of last week. Job growth slowed down, the unemployment rate unexpectedly rose, […]
USD/JPY Hits Year-to-Date Highs, Focus on Today’s U.S. GDP Preliminary Data
USD/JPY appears to be breaking out to the upside from the battle around 150 yen. Following the strong U.S. new home sales data released yesterday, U.S. bond yields are rising once again. This has propelled the USD/JPY into the 150 yen range, testing higher levels. Today, it has been bought up to the latter half […]
Checking the Euro Exchange Rate Trends Ahead of Tomorrow’s ECB Meeting
This week, the impression is that the dollar exchange rate is being tossed around due to the sharp fluctuations in US bond yields. One factor behind the rise in yields is the expectation that the US monetary authorities will maintain high interest rates for an extended period. Additionally, there are concerns about inflation reigniting amid […]
At the ECB Council, Market Sentiment Shifts Towards Interest Rate Hike Pause, Leading to Euro Selling – Confirmation Expected in Today’s ECB President’s Speech
This week brings a lot of market-moving events, including the US FOMC, the Bank of England, Switzerland and Turkey, China’s policy rate, and the Bank of Japan announcing their policy interest rates among major countries. However, until Wednesday’s US FOMC meeting, there’s a lack of major events. Traders are beginning the week with a wait-and-see […]
Euro Weakens as ECB Raises Key Interest Rates
The ECB has increased its key interest rates by 25 basis points. Initially, there was a surge in the Euro as the market had been evenly split between expectations of a rate hike and no change. However, the Euro’s strength was short-lived, and it quickly turned into a selling spree. In the ECB staff’s outlook, […]