Eventual Rate Cut Will Cause Dollar To Fall

🇺🇸 🇺🇸 BofA: While recent developments have introduced near-term upside risks for the USD, we anticipate a downward trajectory once the Fed initiates its rate-cutting cycle, contingent on further economic indicators
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AUDNZD Is A Buy

🇦🇺 🇳🇿 Credit Agricole continues to advocate for a long position in AUD/NZD, anchored by the recent labor market report from New Zealand and the ensuing implications for RBNZ’s monetary policy
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Why Is EUR Moving Sideways?

🇪🇺 🇪🇺 Despite the downward movement in EUR/USD, ING’s analysis of options market data suggests that bearish sentiment among EUR traders is not particularly strong, leading to a tentative holding pattern
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When Will ECB and BOE Cut Rates?

🇪🇺 🇬🇧 HSBC forecasts the European Central Bank (ECB) and the Bank of England (BoE) to initiate rate cuts in June and August 2024, respectively
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USDJPY Pops On BOJ Remarks

🇯🇵 🇯🇵 USD/JPY pops on BOJ official dovish remarks—-BOJ’s Uchida: Future rate path depends on economic, price developments at the time
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German Indusrial Production Plunges

🇩🇪 🇩🇪 German industrial production fell for 7th consecutive month in Dec, the longest decline in the history of the data series. The 1.6% MoM decline came as a huge downside surprise
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Maersk Suspends Share Buybacks

🚨 🚨 Shipping giant Maersk suspends share buybacks amid Red Sea disruption, flags 2024 earnings uncertainty
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SocGen Posts Sharp Drop In Profit

🇫🇷 🇫🇷 Societe Generale posts sharp profit drop as net banking income slides
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