Investment banks believe that the European Central Bank will cut interest rates again this week, and the time for continued interest rate cuts may be... Why are the positions before and after Ishiba Shigeru's election different?
Before the CPI announcement, almost all Wall Street investment banks expected the Federal Reserve to cut interest rates by 25 basis points at each of its next two meetings.
1. Citigroup: If the US dollar is the least popular bull, then the most popular should be the Australian dollar. The decline in the Australian/US brings opportunities to buy bargains. 2. UBS: Given the interest rate outlook of the Reserve Bank of Australia, the Australian dollar will perform "very well" against the New Zealand dollar and other low-yielding currencies in the next 6 months. 3. Julius Baer: Given that the RBA may not cut interest rates as quickly as the US, the Australian dollar is...
Capital Economics: + 0.0%; Deutsche Bank: + 0.1%; Goldman Sachs: + 0.1%; Panson Macro: + 0.2%; UBS: + 0.3%; Wells Fargo: + 0.3%; Moody's Research: + 0.3%; Lloyds Bank: + 0.3%; ABN Amro: + 0.4%; BNP: + 0.4%; Hang Seng Bank: + 0.4%; JPMorgan: + 0.4%; ING: + 0.4%; Standard Chartered: + 0.4%; Societe Generale: + 0.5%; Mizuho Securities: + 0.5%; Nomura: + 0.7%; Oxford Research: + 0.8%; Barclays: + 0.8%; [Reuters: + 0.3%]
Due to the cold non-farm data, a number of Wall Street investment banks adjusted the Federal Reserve's interest rate cut forecast, including: Goldman Sachs: Increase the expectation that the Federal Reserve will cut interest rates by 25 basis points this year to three times, and do not rule out a 50 basis point cut in September. Citi: The Federal Reserve will cut interest rates by 50/50/25 basis points in September, November and December, compared with previous expectations of 25 basis points. 3...