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thunderpips

It will be a risky week for Gold investors with several high-impact macroeconomic data releases from the US and the Fed’s policy announcements carrying the potential to trigger wild fluctuations. At the beginning of the week, NBS Manufacturing PMI and Non-Manufacturing PMI from China will be watched closely by market participants. In case the PMI surveys point to...

thunderpips

Bitcoin price recently decoupled from the stock market, as a result of which even the recent banking crisis held no bearish impact on the cryptocurrency. Now as the "Sell in May" trend comes back to life, it is likely that BTC might reap the benefits of a slow-growing stock market. "Sell in May" - Banks' collapse paves the way In the stock market, as April...

thunderpips

It will be a risky week for Gold investors with several high-impact macroeconomic data releases from the US and the Fed’s policy announcements carrying the potential to trigger wild fluctuations. At the beginning of the week, NBS Manufacturing PMI and Non-Manufacturing PMI from China will be watched closely by market participants. In case the PMI surveys point to...

thunderpips

An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...

thunderpips

An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...

thunderpips

An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...

thunderpips

The dollar is expected to fall and the yen rise. Risk aversion prevailed in March on credit concerns about US regional banks and a major European bank, with the dollar/yen pair trading with a heavy topside to drop below 130 yen. Excessive concerns about the US financial system then eased on news that some regional banks would be bought out, so the dollar was...

thunderpips

The Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by...

thunderpips

The Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by...

thunderpips

The Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by...

thunderpips

The Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by...

thunderpips

An extended period of U.S. dollar depreciation is fast approaching. The greenback could be relatively stable in the near term. There is some potential for safe-haven support for the U.S. dollar, but further Fed tightening should be modest, and global central bank actions to make dollars more readily available will likely provide an offset to potential dollar...

thunderpips

The dollar is expected to fall and the yen rise in April. Risk aversion prevailed in March on credit concerns about US regional banks and a major European bank, with the dollar/yen pair trading with a heavy topside to drop below 130 yen. Excessive concerns about the US financial system then eased on news that some regional banks would be bought out, so the...

thunderpips

Foreign exchange analysts at BNP Paribas suggest a bullish outlook for the AUD/USD and AUD/NZD exchange rates, citing global market stabilisation, the divergence between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ), housing market vulnerabilities, and seasonal performance in risky assets. Global Markets Stabilizing and Impact on...

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Japanese yen strength over time. While the yen underperformed during the global monetary tightening phase, in our view the currency will likely outperform as tightening cycles eventually come to an end and central banks turn to easing. Yen outperformance over time should also be supported by U.S. recession in H2-2023 as well as recent actions by the Fed, which...

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Increasing confidence for global economic resilience in 2023. Global growth for 2023 has continued to improve. The U.S. has started the year with a degree of momentum, even if activity could wane as the year progresses. Chinese activity is bouncing back as the economy reopens, while the Eurozone is likely to benefit as energy prices have receded and headline...

thunderpips

An extended period of U.S. dollar depreciation is fast approaching. The greenback could be relatively stable in the near term. There is some potential for safe-haven support for the U.S. dollar, but further Fed tightening should be modest, and global central bank actions to make dollars more readily available will likely provide an offset to potential dollar...

thunderpips

With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved...