BofA says USD rally needs fresh catalyst as quant signals turn more balanced; remains tactically bullish fundamentally
BoE FPC: maintains CCyB rate at its neutral setting of 2%; notes substantial increase in the use of leverage in equity markets; on some metrics, [equity] valuations have also become more stretched; UK banking system remains appropriately capitalised
BoE FSR: Proposes the easing of some bank capital rules; the leverage ratio proposal would reduce the requirement by 20bps
BofA says USD rally needs fresh catalyst as quant signals turn more balanced; remains tactically bullish fundamentally
[MARKET ANALYSIS] Crude benchmarks gain amid IRGC attacks on tankers in the Strait of Hormuz
A Saudi-flagged crude oil tanker was reportedly damaged near Oman around the Strait of Hormuz after another LNG tanker was struck in the same area
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- The bank says that the post-June FOMC USD rally has stalled after softer US labour data, with quant signals suggesting vulnerability to a near-term reversal
- It cites option flow and skew, which have both shifted towards USD puts; additionally, its technical matrix shows several bearish reversal signals across major USD crosses, it's analysts write
- BofA says it remains tactically bullish USD fundamentally, but says GBPCHF looks attractive, supported by carry, GBP-positive flow/skew signals, bullish technicals and SNB resistance to CHF strength.
Related headlines
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 6 hours ago
- Newsquawk European Market Wrap - 8th September 202613 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week41 min ago
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday13 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging3 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks4 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL8 hours ago
- Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.13 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes57 min ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs5 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies6 hours ago
- US President Trump reiterates that Iran will never have a nuclear weapon; says blockade against Iran has been effective12 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20302 hours ago
- US Secretary of State Rubio hoping to wrap up solid trade deals with Colombia, Ecuador, and Peru during visits12 hours ago
- Canada's Trade Minister says Canada is negotiating with Poland to sell nuclear energy tech and LNG12 hours ago
- Jefferies (JEF) Fund accuses Radiant World of fraud in London law suit15 hours ago
- UK government says it is expanding restrictions on Iran’s financial, trade and aviation sectors16 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)2 hours ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 12 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)2 hours ago
The whole workspace, free to try.
Try it free