Framework guidance shift reshapes analysis – Rabobank

Framework guidance shift reshapes analysis – Rabobank

Rabobank strategist Michael Every highlights how Fed Chair Warsh and other major central bankers at Sintra are signalling a structural shift away from traditional forward guidance towards data-driven “framework guidance.” Every stresses that evolving AI, new inflation measures and reduced public tours could fundamentally change how central banking is conducted and how analysts interpret policy […]

British Pound climbs on soft US data despite Warsh’s hawkish tilt

British Pound climbs on soft US data despite Warsh’s hawkish tilt

The Pound Sterling (GBP) registers a 0.14% gain on Wednesday amid broad US Dollar (USD) strength and comments by the Federal Reserve (Fed) Chair Kevin Warsh, who reiterated that the central bank would not provide forward guidance, despite accepting that inflation remains too high. At the time of writing, the GBP/USD pair trades at 1.3277 […]

ISM Manufacturing PMI set to maintain expansion in the US factory sector

ISM Manufacturing PMI set to maintain expansion in the US factory sector

Attention shifts to Wednesday’s release of the June ISM Manufacturing Purchasing Managers Index (PMI), one of the most closely followed indicators of activity in the US manufacturing sector and an important barometer of the broader economy. Markets expect the headline index to remain unchanged at 54, matching May’s print. That would be the sixth consecutive […]

Recovery seen shallow without USD fade – OCBC

Recovery seen shallow without USD fade – OCBC

Christopher Wong at OCBC notes USD/THB’s recent rebound is running into interim resistance around 33.40 after a sharp move higher. Bank of Thailand officials attribute THB weakness mainly to broad USD strength and Thai equity outflows, while signalling readiness to manage excessive FX moves. Softer Oil may slow USD/THB upside, but THB recovery could stay […]