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December 02, 2025
FX Daily Strategy: Europe, December 2nd
December 2, 2025 4:18 AM UTC
Eurozone CPI to have minimal impact
JPY gains likely to require weaker equities and/or intervention despite BoJ rate hike expectations
AUD preferred to EUR in risk positive markets
GBP back to pre-Budget levels – decline still expected longer term
New Dovish Fed Chair and U.S. Yield Curve
December 2, 2025 1:00 AM UTC
· The initial knee jerk reaction if NEC Hassett is nominated as Fed chair would be for further yield curve steepening in the 10-2yr area. Even so, the dynamics of FOMC voting could mean that Hassett as Fed chair in itself does not deliver more Fed easing. This is already evident wit
December 01, 2025
FX Daily Strategy: Asia - December 2nd
December 1, 2025 10:00 PM UTC
Eurozone CPI to have minimal impact
JPY gains likely to require weaker equities and/or intervention despite BoJ rate hike expectations
AUD preferred to EUR in risk positive markets
GBP back to pre-Budget levels – decline still expected longer term
FX Daily Strategy: APAC, December 2nd
December 1, 2025 4:16 PM UTC
Eurozone CPI to have minimal impact
JPY gains likely to require weaker equities and/or intervention despite BoJ rate hike expectations
AUD preferred to EUR in risk positive markets
GBP back to pre-Budget levels – decline still expected longer term
U.S. November ISM Manufacturing - Weaker than expected but still in a tight range
December 1, 2025 3:15 PM UTC
November’s ISM manufacturing index of 48.2 from 48.7 is weaker than expected and the signals of most if not all regional surveys, if not dramatically so. The index is the weakest since July but remains in a fairly tight modestly negative range, since moving above neutral in January and February.
Turkish Economy Expanded by 3.7% in Q3 Backed by Robust HH Consumption and Investments
December 1, 2025 10:41 AM UTC
Bottom Line: Turkish Statistical Institute (TUIK) announced GDP growth for Q3 on December 1. Turkish economy grew by 3.7% YoY in Q3 backed by household consumption, investments, and government spending.
FX Weekly Strategy: December 1st-5th
December 1, 2025 9:58 AM UTC
Risky currencies may struggle to rise further with S&P 500 approaching the highs
AUD still look good value relative to yield spreads
JPY could benefit from Ueda speech, and downside should be protected by intervention
GBP and EUR both look vulnerable
FX Weekly Strategy: Europe, December 1st-5th
December 1, 2025 4:19 AM UTC
Risky currencies may struggle to rise further with S&P 500 approaching the highs
AUD still look good value relative to yield spreads
JPY could benefit from Ueda speech, and downside should be protected by intervention
GBP and EUR both look vulnerable