This follows from the earlier calls by Goldman Sachs and Citi. BofA had before this pencil in three more rate cuts by the BOE for August, September, and November.
Fri, 18 Jul 2025 05:13:55 -0400
Prior +1.7%; revised to +4.3% Construction output +2.9% y/y Prior +3.0% This article was written by Justin Low at www.forexlive.com.
Fri, 18 Jul 2025 05:00:59 -0400
Nagel has already mentioned that it's dangerous to play with central bank independence. He's absolutely right because that's what keeps inflation expectations anchored.
Fri, 18 Jul 2025 04:37:29 -0400
Prior €19.3 billion Slight delay in the release by the source. This article was written by Justin Low at www.forexlive.com.
Fri, 18 Jul 2025 04:05:00 -0400
Brent rebounds near $69.81 as strong US data and upbeat China GDP improve oil demand outlook amid ongoing geopolitical and supply risks.
Fri, 18 Jul 2025 03:58:59 -0400
The addition of the US Dollar Index (DXY) to FXOpen's suite of instruments offers traders potential opportunities. This financial instrument:
Fri, 18 Jul 2025 03:37:46 -0400
The latest batch of US eco data and the absence of destabilizing headlines from the US president helped the S&P 500 (+0.54%) and Nasdaq (+0.75%) to new all-time closing highs. The dollar extended the July comeback with the trade-weighted dollar (DXY) ending the day 98.73 from 98.35.
Fri, 18 Jul 2025 02:29:33 -0400
It's basically a copy and paste to the revised call by Goldman Sachs earlier here. Citi no longer sees the BOE cutting in September and expects the central bank to keep the bank rate unchanged then.
Fri, 18 Jul 2025 02:01:31 -0400
Prior -0.2% This article was written by Justin Low at www.forexlive.com.
Fri, 18 Jul 2025 02:00:18 -0400
Hopes US can work with China, meet each other half way A win-win cooperation is the right path Hopes US can continue to cancel unreasonable trade restrictions on China In case you missed the earlier report here. And the Nvidia train marches on.
Fri, 18 Jul 2025 01:57:36 -0400
Heading into the most consequential Japanese upper house election in memory and a possible defeat for the coalition of Prime Minister Shigeru Ishiba, investors are weighing whether a record sell-off in the nation's debt has further to run.
Fri, 18 Jul 2025 01:22:08 -0400
Swiss lift maker Schindler reported a nearly 6% drop in its second-quarter sales on Friday due to negative currency exchange effects related to the strong Swiss franc, driven by the trade war.
Fri, 18 Jul 2025 00:43:36 -0400
They now expect the BOE to deliver sequential rate cuts from November until March next year instead. And that will bring the bank rate to a terminal point of 3%.
Fri, 18 Jul 2025 00:13:39 -0400
Early session news was crypto-positive. The Financial Times reported that Trump is expected to sign an executive order opening up 401(k) retirement plans to alternative investments beyond traditional stocks and bonds—effectively allowing access to crypto for U.S. retirement accounts.
Thu, 17 Jul 2025 23:56:24 -0400
New Zealand Credit Card Spending (June 2025) +0.9% y/y vs. prior +2.0% Data from the Reserve Bank of New Zealand.
Thu, 17 Jul 2025 23:08:38 -0400
The Indian rupee is set to open higher on Friday, tracking a broader recovery in Asian peers and supported by a pause in the U.S. dollar index's near-term uptrend.
Thu, 17 Jul 2025 23:03:58 -0400
China commerce minister: China-US economic and trade relations have gone through storms, remain important to each other US since 2018 has adopted more unilateral, protectionist measures provoking frictions Mutual benefit is the essence of US-China commercial ties Decoupling is doomed to fail as it contradicts economic development Differences and frictions inevitable, dialogue and consultation best way to fix problems Some things are irreplacable, at least in the short term Key is to respect each others' core interests, major concerns Geneva agreement, London framework effectively stabilised commercial ties, cooled down tensions This article was written by Eamonn Sheridan at www.forexlive.com.
Thu, 17 Jul 2025 22:55:43 -0400
Beijing is threatening to block the proposed $23 billion sale of more than 40 international seaports to BlackRock and Mediterranean Shipping Co. (MSC) unless Chinese state-owned shipping giant Cosco is given a stake in the deal. The ports, currently owned by Hong Kong-based CK Hutchison, include two strategic locations at the Panama Canal.
Thu, 17 Jul 2025 22:48:53 -0400
Japan's core consumer inflation slowed in June for the first time in four months, driven by easing energy prices. Core CPI, which excludes fresh food, decelerated from 3.7% yoy to 3.3% yoy, in line with expectations.
Thu, 17 Jul 2025 22:32:49 -0400
China's Minister of Commerce Wang Wentao speaking in a briefing: China's consumer market remains the second largest globally, with retail sales growing 5.5% annually over the past four years China's 2025 retail sales expected to exceed 50 trillion yuan This article was written by Eamonn Sheridan at www.forexlive.com.
Thu, 17 Jul 2025 22:07:57 -0400