Authorized and Regulated Entities: SARACEN MARKETS (PTY) LTD

Author name: Analyst

Yen Set for Further Decline as Bank of Japan Disappoints with Lack of Bond Purchase Details 1

Yen Set for Further Decline as Bank of Japan Disappoints with Lack of Bond Purchase Details

The yen is poised to extend its recent losses after the Bank of Japan (BOJ) failed to provide specific details on its plans to cut bond purchases, leading to a more dovish outcome than markets had anticipated. Japan’s currency is expected to weaken beyond 158 per dollar, with the BOJ’s tightening pace slower than market expectations […]

Yen Set for Further Decline as Bank of Japan Disappoints with Lack of Bond Purchase Details Read More »

Fed Signals Only One Rate Cut for 2024 as Core CPI Hits Three-Year Low 3

Fed Signals Only One Rate Cut for 2024 as Core CPI Hits Three-Year Low

The Federal Reserve has scaled back its rate cut projections for this year, indicating just one quarter-point reduction, down from three projected in March. The core consumer price index fell to its lowest level in over three years, suggesting clear signs of data softening. Despite this, markets continue to anticipate that the Fed will cut rates

Fed Signals Only One Rate Cut for 2024 as Core CPI Hits Three-Year Low Read More »

Market Tensions High Ahead of US Inflation Report and Fed Decision 5

Market Tensions High Ahead of US Inflation Report and Fed Decision

As traders brace for the dual impact of the upcoming US inflation report and the Federal Reserve’s decision, market anxiety is palpable. The index of dollar strength has extended its rally for the fifth consecutive session, nearing its annual peak. Treasuries steadied following a robust $39 billion auction, fueled by speculation that Wednesday’s inflation data

Market Tensions High Ahead of US Inflation Report and Fed Decision Read More »

Market Focus Shifts to US Inflation Data, Fed Decision, and Global Policy Moves 7

Market Focus Shifts to US Inflation Data, Fed Decision, and Global Policy Moves

This week, investors are zeroing in on US inflation data and the Federal Reserve’s monetary policy decision, with key UK employment figures on Tuesday also potentially influencing the Bank of England’s next move. The Federal Reserve is widely expected to maintain current borrowing costs, but uncertainty surrounds officials’ rate projections. A 41% plurality of economists

Market Focus Shifts to US Inflation Data, Fed Decision, and Global Policy Moves Read More »

Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations 9

Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations

Investors are keenly anticipating the Federal Reserve’s updated interest rate forecasts on Wednesday, which may offer insights into the central bank’s commitment to easing monetary policy. Meanwhile, the Bank of Japan is expected to keep its policy steady in its announcement scheduled for Friday. Oil prices inched higher after experiencing a weekly decline, as the market continues to

Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations Read More »

Market Focus Shifts to Key US Jobs Report, Dollar Holds Steady 11

Market Focus Shifts to Key US Jobs Report, Dollar Holds Steady

Market participants are keenly awaiting a crucial US jobs report likely to influence the Federal Reserve’s policy outlook. The dollar remained steady, while Treasury yields inched higher. Traders have intensified their bets on rate cuts in the past week, spurred by softer-than-expected US economic data and recent policy easing by the Bank of Canada and the

Market Focus Shifts to Key US Jobs Report, Dollar Holds Steady Read More »

Dollar Retreats Amid Reassessment of Interest-Rate Cut Bets 13

Dollar Retreats Amid Reassessment of Interest-Rate Cut Bets

The dollar came under pressure as markets reassessed bets on interest-rate cuts, retreating as policy easing in Canada shifted focus to the US rate path. Investors are also anticipating a potential rate reduction by the European Central Bank when policymakers meet on Thursday. Ahead of this week’s US jobs report, a private payrolls reading on Wednesday showed

Dollar Retreats Amid Reassessment of Interest-Rate Cut Bets Read More »

Decline in US Job Openings Bolsters Bets on Fed Rate Cut 15

Decline in US Job Openings Bolsters Bets on Fed Rate Cut

Markets are shifting their focus to a series of labor-market readings this week, including Friday’s US jobs report, for further clues on when the Federal Reserve might deploy rate cuts. Early Wednesday, gold prices attempted a tepid rebound toward $2,340, having tested a three-week low of $2,315 a day earlier. Investors are now closely watching

Decline in US Job Openings Bolsters Bets on Fed Rate Cut Read More »

Investors Balance US Economic Health Concerns with Anticipation of Fed Policy Easing 17

Investors Balance US Economic Health Concerns with Anticipation of Fed Policy Easing

Investors are navigating concerns about the US economy’s health while growing increasingly optimistic about early Federal Reserve policy easing. The dollar stabilized after weakening against most major and Asian currencies. Market participants are likely awaiting more US data, especially Friday’s critical jobs report, to gain clearer insights into the trajectory of the world’s largest economy and

Investors Balance US Economic Health Concerns with Anticipation of Fed Policy Easing Read More »

Traders Await Key Inflation Data as Dollar and Treasuries Hold Steady 19

Traders Await Key Inflation Data as Dollar and Treasuries Hold Steady

Traders are on alert for pivotal inflation data from both the region and the US, set for release later on Friday. The dollar and US Treasuries have steadied ahead of the Federal Reserve’s preferred price gauge, following a report indicating softer US economic growth, with spending and inflation both revised downward. Markets expect the core Personal

Traders Await Key Inflation Data as Dollar and Treasuries Hold Steady Read More »