海外研报

2024 US Elections – An Early Guide

With Election Day 334 days away, it's likely much will change re: the drivers of the outcome & their market impact.

July FOMC: one last hold?

The Fed is poised to stand on the sidelines for one more meeting at the July FOMC, as we expect the target range for the Federal funds rate to remain unchanged at 5.25-5.50%. This would mark a full year, or eight

US Weekly Prospects

Fed on track for September easeAgainst this backdrop, the FOMC meets next week, Despite afew high-profile calls for the Fed to start cutting next week,that does not appear to be in the cards. Rather, we look foreasing

FOMC preview

The June FOMC meeting statement described activity as expanding at a “solidpace," job gains “'strong," and unemployment “low." We don't see any of thatchanging. Since the June meeting the unemployment rate has risen another tick to4.1%, in line

refer to the views and observations of the desk.

Positioning + Flows .. not much reprieve last week during what has been one of the more dynamic momentum / positioning drawdowns we’ve

GS Crypto: Distracted market reaction to US spot ETH ETFs trading debut

Bank of Japan (BOJ) intervention following a softer US CPI on 11th July, was the first time the government was selling into USD weakness (typically the BOJ have

A few keypieces from GS Sales, Trading, Strategy and Research. Full piece links below or attached.

Waiting to re-engage in USDJPY longs (Mike Cahill) - While we think USD/JPY can probably continue to move back to the 150 level and would

Global Rates Trader Growth Gains the Upper Hand

Recent moves in the front-end of G10 curves reflect a return to growth as the keyfocus for markets. The earlier part of the year was about inflation progress (or thelack thereof),

FX Model Trend & Strategy

This publication was prepared by Bank J Safra Sarasin (BJSS) Trading department. The views or ideas expressed herein are those of the