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Euro: ECB caution with tighter conditions – MUFG

MUFG’s Lee Hardman highlights that the Euro faces downside risks as the ECB meets against a backdrop of sharply higher French bond yields and surging European natural gas prices. MUFG expects the ECB to leave rates on h…

US Dollar: Strong US data may reinforce Fed hawkishness - BBH

Brown Brothers Harriman’s Elias Haddad notes the Dollar has partly recovered after the FOMC kept the Fed funds range at 3.75–4.00% in a 10–2 vote, with dissenters favoring a hike. Warsh’s press conference signaled littl…

BoJ Preview: Hawkish Hold

In the euro area, we expect the ECB to keep policy rates unchanged, with the deposit rate at 2.50%, in line with consensus and market pricing. We expect Lagarde to retain full optionality on the future rate path and off…

Gold weakens ahead of US PCE inflation amid hawkish Fed outlook

Gold (XAU/USD) trades on the back foot on Thursday as the Federal Reserve’s (Fed) latest monetary policy announcement leaves a December hike firmly in play after the US central bank keeps interest rates steady at its Oc…

EUR/JPY Price Forecast: Trades around 176.00 near nine-day EMA

EUR/JPY inches lower after registering modest gains in the previous day, trading around 175.90 during Asian hours on Thursday. Based on the technical analysis of the daily chart's descending channel pattern, the currenc…

Euro remains under pressure ahead of ECB rate decision

EUR/USD depreciates after registering modest gains in the previous day, trading around 1.1140 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) bounces back from the previous day's losses afte…

Rio Tinto doubles down in Argentina with new lithium plants

Rio Tinto is not only looking at lithium: the global miner is moving forward with an offensive of partnerships and stakes in copper projects in South America, seeking to secure its expansion in the red metal after 2030.

Australian Dollar rises as Fed holds rates steady

The Australian Dollar (AUD) rises sharply against the US Dollar (USD) after the Federal Reserve (Fed) held rates steady, despite US inflation staying well above its 2% target. The decision was not unanimous: two members…

Japanese Yen weakens as Fed hold reveals hawkish divide

The Japanese Yen (JPY) loses ground against the US Dollar (USD) after the Federal Reserve (Fed) kept rates steady on Wednesday, even though US inflation remains well above its 2% target. Of note, the decision was not un…