In today’s briefing:
- Aussie and Kiwi: A Tale of Two Countries
- Overview #8 Plus Ca Change…
- Fed Jackson Hole Guidance
Aussie and Kiwi: A Tale of Two Countries
- We will look into the “well-known “correlation among the Aussie and well-known benchmarks to give a closer look towards factors that have been affecting the movement of the Australian Dollar.
- We will look into the performance of the Aussie relative to the Kiwi. The Aussie and Kiwi are viewed to be closely correlated given their geographic proximity and trade partnerships.
- They are also being categorized as commodity currencies, with their dependence in commodity export.
Overview #8 Plus Ca Change…
- A review of recent events/data impacting our investment themes or outlook
- The Nasdaq, China and the JPY walk into a bar.
- The world’s biggest uranium miner cuts its 2025 production guidance
Fed Jackson Hole Guidance
- Fed Powell clearly signaled a Sep 18 FOMC rate cut, but his analysis on the economy is softer than harder landing.
- Though the option of 50bps was not ruled out, the comments from Powell and other Fed officials are more consistent with 25bps than 50bps.
- Nevertheless, the Fed is now more focused on the labor market, which suggests we think will be improving even with mere 25bps cut this year.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
