Matt Simpson
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The RBA are expected to hike by 25bp tomorrow
Whilst money markets favour a 25bp hike tomorrow, we shouldn’t discount the potential for a 15bp or even a 50bp hike.
European Open: FTSE bulls eye new highs, NFP on tap
We wrap off the week with today’s NFP report at 13:30 GMT, but first we’ll see if bulls can retain control of the FTSE 100 following yesterday’s breakout.
China’s economy is expanding again, according to official data (USD/CNH)
The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.
European Open: EUR/GBP probes YTD high ahead of BOE and ECB meetings
With the Fed having delivered their 25bp yesterday, it is now over to the BOE ECB today, who are expected to hike by 100bp between them.
Fed fund pricing calls bulldust on Fed hike(s)
Whilst the Fed effectively confirmed two more 25bp hikes to are to follow, Fed fund futures remain unconvinced and are pricing in a single hike to take rates to 5%.
European Open: Tight ranges ahead of NFP but implied volatility perks up
The conclusion of the FOMC meeting at 19:00 GMT is hands down the main even, so we could be in for a session of tight ranges beforehand (and fireworks after).
European Open: China’s PMI squeeze in a surprise expansion, GBP/AUD turns higher
China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen
Australia’s retail snails weigh on December's trade figures (again)
Australia’s retail sales were down a lot more than expected in December, suggesting much of the hype had died over the Black Friday Sales and Cyber Sales Monday in November.
European Open: $82 continues to defy WTI crude bulls
Despite hopes of a rebound in demand due to China’s reopening, oil bulls have repeatedly failed to help WTI crude oil close above $82 – and momentum now points lower.
Commitment of traders report (COT):
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.