«Mind Your Credibility»
FX markets moved sideways in a tight range, typical for the summer break, but there was no shortage of news for markets to digest. Fed chairman Powell gave the green light for a rate cut …
Economy & Interest Rates
Global growth prospects improved somewhat with many country forecasts including the US revised up over the last month, while business sentiment and consumer confidence remained range-bound in August. Actual and expected inflation readings …
FX Markets
The USD moved sideways over the last month with a blend of winners (EUR) and losers (JPY). In EM the balance was similar with the BRL gaining the most, while the RUB and the TRY fell most behind. The speculative oversold USD positions …
FX Analytics
We kept all discretionary Macro positions unchanged with EUR, JPY, CHF and SEK long versus the USD. In Business Sentiment, the CHF position shifted from neutral to long versus the USD and …
