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Next Week’s ECB: ‘Wink Wink, Nudge Nudge’ – BofA Merrill

Resilient markets post Brexit will likely allow the ECB to stop at simply delivering hints of additional stimulus next week, reserving hard announcements for September.

This would coincide with the release of new inflation forecasts, which we think will Read More →

USDJPY – US Dollar Struggling Post Disappointing CPI

Key Points

  • The US Dollar gained traction against the Japanese yen before it found resistance near 106.35.
  • Read More →

EUR/USD Trading At A Discount: What’s Next? – Morgan Stanley

EURUSD has traded at a discount relative to real rate and yield differentials due to the EMU’s financial sector weakness and uncertainties about the impact of Brexit on European economies.

Real yield differentials against GBP and the USD point Read More →

China’s GDP shows stability – Aussie rallies; GBP support continues after BoE inaction

The BoE surprised everyone yesterday as it failed to engage in further stimulus, after it had indicated that it was ready to take action soon after the Brexit vote. Yesterday GBPUSD rose at least 1%, and even the EURGBP experienced Read More →