Hungarian Forint: Swap move flags MNB easing risk – Commerzbank

The post Markets raise odds for Federal Reserve rate hike after inflation report appeared on BitcoinEthereumNews.com. The rate cut party that markets spent all of 2024 anticipating has officially been uninvited. Fresh inflation data has pushed traders to price in something that seemed unthinkable just months ago: the Federal Reserve might actually raise interest rates. US headline CPI climbed to 3.8% year-over-year in April, hitting a nearly three-year high. Paired with March’s PCE reading, the Fed’s preferred inflation gauge, showing headline inflation at 3.5% and core PCE at 3.2%, the picture becomes harder to ignore. The pivot from pivot Market predictions currently indicate a 44% chance of a Fed rate hike before July 2027. Perhaps more telling, traders see no cuts happening before that date either. Chicago Fed President Austan Goolsbee has acknowledged that rate hikes are now on the table as a policy option. That’s notable because Goolsbee has generally been considered one of the m

The post Platinum: Repeated deficits tighten stocks – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Commodity Analyst Barbara Lambrecht reports that focus in London is turning to Platinum group metals as the World Platinum Investment Council prepares updated forecasts. The bank expects WPIC to project a fourth consecutive annual deficit, further eroding above-ground stocks that already cover only four months of demand. Continued medium-term deficits and inventory drawdowns would likely underpin Platinum prices. WPIC outlook and shrinking inventories “At the start of the week, the World Platinum Investment Council (WPIC) will present its new forecasts for the platinum market. It is expected to forecast the fourth consecutive supply deficit for this year.” “Even though the supply deficit is likely to be smaller than in previous years due to weaker demand from the automotive industry and for platinum jewelry, above-ground inventories — which have already fallen significan

Rising rate hike odds could disrupt investment strategies, impacting high-growth sectors and crypto, necessitating strategic repositioning. The post Markets raise odds for Federal Reserve rate hike after inflation report appeared first on Crypto Briefing.

The post Copper: Tariff risk fuels rally – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Commodity Analyst Barbara Lambrecht highlights that Copper has surged to record levels on the London Metal Exchange, supported by structural demand from the energy transition and data centers. At the same time, the US is considering extending tariffs to refined Copper from 2027, encouraging pre-emptive stockpiling and tightening supply outside the US. Chinese production data due next week will be closely watched. Record prices and looming US tariffs “In the base metals markets, sentiment remains positive despite another significant rise in energy prices: The London Metal Exchange index even hit a new record high this week. A ton of copper cost more than USD 14,000.” “In addition to concerns about a shortage of copper ore, fears of an expansion of US tariffs on metal imports are likely also playing a role in the current copper price rally. The US Department of Commerce is expected t

The post Gold: Higher yields weigh on price – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data. Rising US Treasury yields are increasing the opportunity cost of holding Gold, while India’s steep import tax hike is set to curb physical demand. The new Fed Chair may struggle to justify rate cuts. Rate expectations and Indian tax shock “The price of gold has fallen by up to 2% today to USD 4,560 per troy ounce. Before the price drop began yesterday, it was still trading at around USD 4,700. Headwinds are coming from interest rate expectations.” “Following the significantly higher-than-expected US producer price data for April, the market now anticipates interest rate hikes by the US Federal Reserve. A 15-basis-point rise in US key interest rates is priced in by the end of the year, and a full 25-basis-point rate hike by March 2027. As a r

The post British Pound: Political strain weighs on Sterling – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Michael Pfister highlights mounting political turmoil in the United Kingdom (UK), with resignations and leadership speculation tightening pressure on Prime Minister Keir Starmer. He sees rising uncertainty over future fiscal policy as negative for the Pound (GBP). Despite recent Pound weakness, Commerzbank believes markets have not fully priced the risks and continues to expect higher EUR/GBP in the coming weeks. UK political risks seen hurting Pound “Nevertheless, the noose around Starmer’s neck seems to be slowly tightening.” “The Prime Minister appears severely weakened, and it is questionable whether he can remain in office for much longer.” “The situation is bad for the pound for two reasons.” “Firstly, political uncertainty rarely benefits a currency, and secondly, it is currently unclear what policies the potential successors intend to implement.” “Despite

The post Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank appeared on BitcoinEthereumNews.com. Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank Skip to content Home Forex News Malaysian Ringgit Holds Steady as Economy Outperforms Expectations: Commerzbank Source: https://bitcoinworld.co.in/malaysian-ringgit-holds-steady-commerzbank/

The post Copper: Prices hold near records despite Iran risks – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Thu Lan Nguyen notes Copper prices are trading close to January’s intraday record despite renewed Iran–US tensions and higher Oil prices. Markets currently anticipate limited economic fallout as long as a Hormuz reopening deal is reached, but prolonged disruption could hurt growth. Additional support comes from slower Chinese Copper ore imports and potential supply constraints linked to sulfuric acid shortages. Tight ore supply and risk balance “However, the recovery seen in recent weeks across a wide range of financial markets (such as the stock market) has shown that the market currently fears only limited economic repercussions from the ongoing crisis in the Middle East.” “This is the case only if US and Iran leaders reach an agreement in the foreseeable future that allows for the opening of the Strait of Hormuz. The longer the blockade lasts, however, the mo