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The USD is mostly closing the day, although net changes were limited. The biggest tricks came NZD (+0.30%) And this JPY (+0.26%)While all other major currencies ended within 0.11% The closing levels of Thursday. The price action was tight, with greenback firming before the US session before turning down after a weak-to-appropriate university of Michigan Consumer Affairs Data.
Early September Bhavna Index dropped 55.4 Vs 58.0 required and 58.2 in August. current conditions 61.2 (vs. 61.3 expected, before 61.7), but, but Expectations From 55.9 to 51.8, well under 54.9 forecasting. Inflation expectations were mixed: 1 year approach Stay stable at 4.8%, while 5-year-old measures Rose from 3.5% to 3.9%. Although the survey has lost its previous impact due to politicization, Fed still keeps an eye on it. The reliability of the index was damaged after co-coffee when a spike in the expectations of inflation promoted a rate hike that later went back.
Despite weak spirit data, American yield pushed morePerhaps the sticky inflation reflects concerns about expectations. On the day, 2-year-old yield From 3.3 BPS to 3.561%, 5 year Climbed 3.633%at 5.5 BPS, 10 years 4.066%from advanced 5.5 bps, and 30 years 3.0 BPS increased by 4.61%.
For the week, Treasury completed the auction 3-year, 10-year and 30-year securitiesInternational demand was particularly strong in 3- and 10 years of areas, while 30 years of sales attracted only average interest. The yield curve dynamic reflected one Flat biasGrowing more with the front end while the long end reduced: 2-year 5.3 BPS received, 5 year 5.3 BPS received, while 10 years 0.8 BPS fell further 30 years 7.9 BPS rejected. In its climb, 10 years yield was immersed in 3.996%The lowest since the week of April 7, 2025.
The US Stock today mixed with Dow Industrial Average and S&P index, while the Nasdaq index rose and closed at a new record level.
- Dow Industrial Average -273.78 points or -0.59% 45834.22.
- S&P Index -3.18 points or 6584.29 -0.05%.
- 0.44%at Nasdaq Index +98.03 points or 22141.10.
- Russell at 2000-24.46 points or 2397.06.
For Trading Week, the indexs are all higher closed:
- Dow industrial average increased 0.95%
- The S&P index increased by 1.59%.
- Nasdaq Index increased 2.03%
- Russell 2000 increased 0.25%.
Next week, less than four central banks will not announce their interest rate decision:
federal Reserve Organ its fomc meeting 16-17 SeptemberMarkets are roughly expected 25 bp rate cutIf the data is weak then with some nonsense about the possibility of a big step. Investors will focus on the updated estimates of the fed, as well as the vowel of the powell on the softness of the labor market and the dynamics of inflation. Labor market indicators are indicating cracks, and the consumer spirit has weakened, which has increased pressure to reduce the pressure on the fed.
Bank of Canada Get on 17 SeptemberThe Canadian economy has slowed down (employment figures were weak last Friday), with an increase in pressure and inflation, which gives the scope to cut rates for policy makers. The markets are pricing in the possibility of resumption of the markets, although perhaps the tone of a slow pace of BOC statement compared to the US will be important to explain how soon and how soon it is planned to move on the policy in the coming months.
Bank of England Announces its policy decision on 18 SeptemberExpectations for BOE are to maintain it Bank rate unchangedAs inflation remains relatively high and the policy makers appear to be less confident about the need for additional spontaneity in the near period. The markets will be closely seen to vote split and forward guidance, to see if any cracks emerge among the members of the committee about the time of cuts.
Bank of japan Get on 18-19 SeptemberThe policy makers are expected to keep the policy rate unchanged widely 0.5%After the earlier increase this year. Markets estimate that BOJ may increase rates again Q4 2025Possible by 25 BPS, if inflation and wage increase shows strength. A weak yen remains an important risk, as it increases import costs and inflation pressure, while political uncertainty adds another layer of complexity after Prime Minister Ishiba’s resignation. The BOJ is also looking for signs on its gradual stimulation exhaust, which includes potentially reluctant of ETF holdings. Overall, the meeting is expected to stabilize at the rates, but investors will be focused on any amendment for inflation estimates in further guidance and update. Economic activity and approach to prices,
Together, these decisions will determine tone for global markets next week. The fed is widely seen as leading to the comfortable cycle, while the BOC can follow carefully, and the BOE is expected to be stable for now. Inflation readings, labor market data, and Geopolitical Developments will remain the major wildcards shaping Central Bank Communication and Investor Reaction.
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