More Benign Inflation Suggests BoE’s Close Call to Cut Right

Nonfarm payrolls report and European flash CPI to shape rate cut bets ISM PMIs to also be important for Fed expectations and US dollar Canadian employment and Chinese PMIs also on the agenda Fed hawks rear their ugly heads The March round of policy meetings reinforced June as the likely date when most central banks […]

EURGBP reversed from support level 0.8510 Likely to rise to resistance level 0.8575 EURGBP currency pair recently reversed up from the key support level 0.8510 (which has been reversing the price from July), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.8510 created the daily Japanese candlesticks reversal pattern […]

In focus today In the US, the August CPI is due, where we forecast headline inflation to ease to 0.1% m/m SA (2.5% y/y), while core inflation is expected to remain steady at 0.2% m/m SA (3.2% y/y). We foresee a gradual moderation in housing and non-housing services inflation following a modest rebound in July, […]