Goldman Sachs estimates Gulf oil exports recovering to 15-16 million bpd, still far below pre-war levels, while noting adaptive shipping behavior.
Beijing is pushing infrastructure and private investment, focusing on six-network construction, while MOFCOM sees service-trade tailwinds in H2.
BNZ expects the RBNZ to hike 25bp in September and signal further tightening as inflation and growth stay strong.
Morgan Stanley predicts Fed Chair Kevin Warsh will not provide short-term interest rate guidance in his Jackson Hole speech, instead focusing on long-term…
BofA's model sees month-end rebalancing flows as mildly supportive for the dollar, with minor outflows expected in EUR/USD and GBP/USD.
Yen slide towards 160 keeps markets alert for G20 signals on possible joint intervention by Japan and US.
Asian markets traded narrowly, with Tokyo CPI beating forecasts and oil slipping, as investors await Fed Chair Warsh's speech.
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.
Germany's import prices rose 0.2% in July from June, with annual inflation quickening to 6.8% driven by energy costs.
European inflation data and Fed Chair Warsh's Jackson Hole speech are the key events today. Markets await his stance on financial conditions.
Spain's August preliminary CPI rose to 4.3% y/y, above the 4.2% forecast, with fuel costs driving the surge. Core inflation eased to 2.9%.
Bitcoin approached $81,000 on Thursday ahead of Fed Chair Warsh's Jackson Hole speech. The crypto is up over 2% in a day.
Former Fed governor Stephen Miran said a rate hike at the September meeting would be a mistake, citing distorted inflation data.
The crypto market fell 0.8% on Friday as it failed to break above the $2.72 trillion resistance level from May.