Banks
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Bank of England: Active hold with June risks – Rabobank
Rabobank’s RaboResearch notes the Bank of England kept rates unchanged while striking an “alert but careful” tone, with Governor Bailey describing an…
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USD/JPY: Intervention buys time as risks persist – MUFG
MUFG’s Derek Halpenny argues that recent Japanese authorities’ action around the 160 level in USD/JPY likely reflects renewed intervention, with…
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EUR/GBP: Confusing picture on BoE communication – ING
ING’s Chris Turner describes Sterling price action as confusing after the Bank of England’s latest communication. While he sees the BoE laying…
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BoE: June hike seen as one and done – ING
ING’s James Smith notes that the Bank of England (BoE) kept rates at 3.75% in April but is moving closer…
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Fed: Hawkish split and higher-rate path – Deutsche Bank
Deutsche Bank strategists report that the Federal Reserve (Fed) left rates unchanged but saw four dissents, the most since 1992, including both dovish and…
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ECB: Expected to hold rates with hawkish risks – TD Securities
TD Securities strategists expect the European Central Bank (ECB) to leave the deposit rate at 2.00%, reiterating a meeting-by-meeting approach…
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ECB: Oil shock complicates rate path – Societe Generale
Societe Generale strategists expect the European Central Bank (ECB) to keep rates unchanged today despite a hawkish bias after past…
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EUR/USD: Correction unfolds as ECB nears decision – MUFG
MUFG’s Lee Hardman highlights that EUR/USD has slipped back below 1.1700 as the Euro corrects lower into the ECB meeting. Rising Oil…
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NOK: Norges flows to cap upside – BNY
BNY’s Geoff Yu expects a challenging near-term backdrop for Norwegian Krone (NOK) despite solid Norwegian fundamentals and potential Norges Bank…
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Silver: Downside risks grow after failed rally – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Silver has extended its pullback toward USD71/oz after a failed…
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