Back

JOLTS got unusual attention; eyes on Fed - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted US JOLTS data yesterday showed large jump in total job opening though hires lagged behind (for sixth month).

Key Quotes:

"Market volatility more the economy per se seems to be the main factor encouraging ideas that Fed does not hike rates next week. The Hilsenrath piece in WSJ says there is no consensus yet at Fed. Of course there is no consensus."

"There is a dovish wing that does not want to raise rates until next year. There is a hawkish wing that thinks economic fundamentals no longer justify a near-zero interest rate stance. "

GBP/JPY: supported on BoE's sanguine tone and risk

GBP/JPY crossed up through the 200 DMA this week and has continued on the bid as the Yen gets a bit of a beating vs the crosses while USD/JPY on the other hand has been a hesitant bid below the 200 SMA on the hourly chart.
Mehr darüber lesen Previous

RBNZ might cut again as early as October - UBS

Following Reserve Bank of New Zealand decision to cut rates for third time in a row, the UBS analyst team commented they see greater risks of a further 25 bp cut, potentially as early as October.
Mehr darüber lesen Next