Author: finadmin

Speculative longs rise on tight supply – ING

Speculative longs rise on tight supply – ING

ING’s Warren Patterson and Ewa Manthey highlight that speculative net long positions in LME Copper increased notably in the latest COTR data, supported by tight supply and low inventories. They note broader sentiment has improved, while positioning changes in Aluminium and Zinc were more modest, with only small increases in net long exposure among money […]

Softer inflation supports RBA pause – Commerzbank

Softer inflation supports RBA pause – Commerzbank

Commerzbank’s Volkmar Baur notes that weaker-than-expected Australian inflation has sharply reduced market-implied odds of an August RBA rate hike and pushed the AUD lower. While services and non-tradable inflation remain elevated, he expects rates to stay unchanged in August and sees no further hikes this year, implying continued pressure on the Australian Dollar as Oil […]

Fed and energy drivers outweigh BoJ – ING

Fed and energy drivers outweigh BoJ – ING

ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31 July, with any modestly hawkish shift seen as unlikely to materially boost the Yen or change the USD/JPY trajectory. They argue that energy prices and the Federal Reserve’s reaction function will dominate USD/JPY over coming […]