AlexBraun

The blowout US jobs report on Friday prompted the kind of hawkish repricing in rate expectations we thought would have materialised over a few weeks. Markets no longer have pretext to look through Federal Reserve Chair Jerome Powell’s pushback against 50bp cuts, and are now finally aligned with the

Oil’s prices were on the rise since our last report, a bullish tendency which intensified on Tuesday, given the missile attack of Iran on Israel. In today’s report we have a look at the state of the US oil market, the situation in the Middle East, the demand side of the international oil market and

Global traders are laser-focused on hedging tail risks right now, and the primary concern is the potential for higher oil prices. The ripple effects of soaring oil can shake up risk sentiment and FX markets across the board. Luckily, the most straightforward hedge is simply buying U.S. dollars. With

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan’s parliament elects Ishiba prime minister Japan’s political drama continued on Tuesday with the election of a new prime minister, S

Japan's newly appointed Economy Minister Ryosei Akazawa said on Tuesday that he wants the Bank of Japan (BoJ) to decide on future rate hikes carefully. Additional quotes Should not do anything that would cool economy for a while. Taking Japan completely out of deflation is top priority. Market react

USD/CHF may gain ground as the SNB is widely expected to deliver a 25 basis point rate cut on Thursday. Market participants estimate a 63% chance of a quarter-percentage-point cut by the SNB. CME FedWatch Tool suggests around a 50% chance of totaling 75 basis points rate cuts by the Fed in 2024. USD