Banks
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Goldman Sachs turns even more bearish on yen
Goldman Sachs has significantly raised its forecasts for the USD/JPY pair, becoming one of the most bearish investment banks on…
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Chinese Yuan: Bulls extend gains on PMI resilience – Societe Generale
Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease…
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Singapore Dollar: Seen consolidating in range against US Dollar – Commerzbank
Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6%…
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Euro: Slightly reduced upside as policy paths diverge – ABN AMRO
ABN AMRO’s Bill Diviney expects the US Dollar to weaken broadly but notes slightly less upside for EUR/USD after revising the bank’s ECB outlook and…
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CEE FX: Inflation and policy signals reshape regional moves – Societe Generale
Societe Generale notes that CEE FX is being shaped by diverging inflation and policy signals across the region. Polish inflation’s…
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Mexican Peso : Disinflation keeps Banxico on hold – Wells Fargo
Wells Fargo Economics expects Mexico’s June CPI to confirm gradual disinflation, with headline and core inflation easing but services prices…
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Euro: Rally seen tiring below 1.16 against US Dollar – ING
ING’s Francesco Pesole highlights that EUR/USD price action after the US jobs report underlines the lack of a strong bullish…
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Japanese Yen: Softer jobs data supports yen – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that weaker US non-farm payrolls and reduced Fed rate hike expectations weighed on the…
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British Pound: Overbought rally eyeing 1.3410 against US Dollar – UOB
According to UOB’s Quek Ser Leang, GBP/USD’s strong six-day advance to 1.3385 looks overstretched, but there is still scope for…
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Japanese Yen: Intervention risks and softer payrolls – MUFG
MUFG’s Michael Wan notes that softer US non-farm payrolls and suspected FX intervention supported the Japanese Yen, pushing USD/JPY sharply lower. He…
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