Your Bourse, a trading technology provider, has entered into a strategic partnership with B2BROKER, a global fintech solutions provider for financial institutions. The collaboration is a part of the growing industry trend towards consolidation, as brokers increasingly seek integrated ecosystems that simplify operations and reduce costs.Launching and scaling a brokerage has traditionally meant working with a patchwork of different providers for trading infrastructure, liquidity, and risk management. This approach often leads to higher costs and complexities. Through combining their strengths, Your Bourse and B2BROKER strive to change that, offering brokers a complete package that simplifies setup and supports long-term growth.As a part of collaboration, B2BROKER clients gain access to Your Bourse’s low-latency trading infrastructure: Liquidity Aggregator, Matching Engine, Risk Management, as well as connectors to the most popular trading platforms (MT4, MT5, cTrader, DXTrader, TradeLocker, and others), alongside B2BROKER’s comprehensive turnkey offering. The latter includes trading platforms, liquidity, CRM systems, and other essential components for running a brokerage.The partnership significantly shortens time-to-market, enabling brokers to launch in weeks instead of months, while providing scalability to expand into new asset classes and handle higher trading volumes without overhauling systems.“This partnership empowers brokers of all sizes to start and expand their businesses faster and with fewer operational challenges,” said Elina Pedersen, Co-Founder and CEO of Your Bourse. “By integrating our technology with B2BROKER’s package solutions, clients receive reliable infrastructure and a clear path to market.”John Murillo, Chief Business Officer at B2BROKER, added: “Working with Your Bourse strengthens the value we deliver to brokers. Together, we provide everything a brokerage needs, from liquidity and risk management to ready-to-use trading platforms, all in one package.”The integration is available immediately. Brokers interested in learning more can visit Your Bourse or B2BROKER websites.About B2BROKERB2BROKER (https://b2broker.com) is a global fintech solutions provider for financial institutions. It delivers liquidity, trading technology, payment solutions, and brokerage infrastructure through a network of specialised entities. Founded in 2014, with key hubs in London, Limassol, Hong Kong, and Dubai, the company operates in 11 countries, serving clients across Europe, the Middle East, and Asia. B2BROKER serves brokers, exchanges, hedge funds, proprietary trading firms, and other financial institutions. Leveraging its extensive network and ecosystem-driven approach, the company provides scalable solutions that help clients streamline operations, maximise efficiency, and drive growth.About Your BourseYour Bourse is a trading technology provider powering modern brokerages — everything traders need to connect to liquidity, run execution, manage risk, and stay profitable — all in one platform. Your Bourse offers 3 core products: Trade Server, Trade Engine, and Risk Management. All products are built for performance and reliability: ultra-low latency execution, collocation in all major Equinix data centers, 99.999% uptime SLA, FIX API and Web API for seamless integration, real-time monitoring, and reporting tools. This article was written by IL Contributors at investinglive.com.

Domestic sight deposits CHF 445.1 bn vs CHF 441.7 bn priorThe slight rise in sight deposits in the past week fits with what we've seen in the weeks before, that especially after the June monetary policy decision. I dived into more detail in explaining that here. As for the trend since then, you can see the table below: This article was written by Justin Low at investinglive.com.

Monday starts quietly, with only remarks from some FOMC members on the agenda. On Tuesday, focus will be on flash manufacturing and services PMIs from Australia, the eurozone, the U.K., and the U.S.In addition, Fed Chair Powell is scheduled to deliver remarks on the economic outlook at the Greater Providence Chamber of Commerce Economic Outlook Luncheon in Rhode Island. Audience questions are expected, though no major policy signals are anticipated. On Wednesday, attention will shift to Australia’s inflation data, while Japan will release the BoJ core CPI y/y. Thursday brings the SNB monetary policy announcement, along with a heavy U.S. calendar including final GDP q/q, weekly jobless claims, durable goods orders m/m, and existing home sales. On Friday, Japan will publish Tokyo core CPI y/y, Canada will release GDP m/m, and the U.S. will report the core PCE price index m/m, personal income m/m, personal spending m/m, along with the revised University of Michigan consumer sentiment and inflation expectations. Throughout the week, numerous FOMC members are scheduled to deliver remarks on the risks to the economy and the Fed's plan to deliver two more 25bps rate cuts this year. Traders will be closely watching this week’s eurozone PMI data to gauge whether the economy is truly benefiting from the summer burst of optimism or slipping back into sluggish growth. August’s PMI readings were strong, particularly in manufacturing, but ING analysts caution that this may not tell the full story. The European Commission’s own survey pointed to a more temporary rebound, with underlying expectations for the sector still subdued. In Australia, the consensus for CPI y/y is 2.9% vs prior 2.8%. July inflation surprised to the upside at 2.8%, above the 2.7% market forecast. In the month, prices rose 0.9%, driven mainly by electricity, new dwellings, and holiday travel. Electricity costs increased due to timing quirks in rebates and annual price reviews. While this spike should unwind in August as rebates take effect in NSW and ACT, broader energy costs remain a source of uncertainty. Housing inflation also picked up, with new dwelling prices up 0.4% as builders reduced discounts. Westpac expects a return to the 0.2% monthly trend in August, though margin rebuilding could keep upward pressure intact. Recreation prices also surprised to the upside, led by a sharp rise in domestic holiday travel, but this is likely to partially reverse in August as seasonal effects weigh. Westpac projects August CPI to rise just 0.1% m/m, though base effects will likely lift the annual pace to 3.1%. Risks tilt to the upside, particularly if homebuilders continue restoring margins and firming prices. At this week’s meeting, the SNB is widely expected to keep monetary policy unchanged. Recent inflation data in Switzerland came broadly in line with expectations. While monthly inflation dipped –0.1%, similar pullbacks in recent months have not raised significant concerns with Chairman Martin Schlegel saying that the bar is high for a return to negative rates, though not excluding the possibility. In the U.S., the consensus for new home sales is 651K vs prior 652K, and for existing home sales 3.96M vs prior 4.01M. The housing market remains sluggish, with sales activity hovering near historic lows amid high borrowing costs and a cooling labor market that weighs on demand. Existing home sales rose 2% in July but remain barely above year-ago levels, while new home sales slipped 0.6% on the month and are running more than 8% below last year. Builders’ use of incentives such as discounts and mortgage rate buy-downs is proving less effective in attracting buyers. Mortgage rates have eased to 6.26%, an 11-month low, but this is unlikely to trigger a quick rebound. Elevated borrowing costs continue to pressure existing sales, while new home contracts in August faced average rates around 6.6% alongside growing unemployment concerns. Forecasts point to another modest decline ahead, with new home sales expected to dip 0.6% to a 648K annual pace and existing sales seen down 1.5% to 3.95M, according to Wells Fargo analysts. In the U.S., the consensus for core durable goods orders m/m is –0.2% vs prior 1.0%, and for durable goods orders –0.4% vs prior –2.8%. This indicates that the manufacturing sector remains under pressure.While durable goods orders and overall production have improved this year, growth is concentrated in a few industries rather than broad-based. Business sentiment is still weak, with many firms reluctant to commit to new capital projects amid policy uncertainty. The clearest strength continues to come from high-tech areas such as software and computers, where investment has proven more resilient. Wells Fargo takes a more optimistic view. They expect overall new orders for durables to rise 0.6% in August, with much of the gain driven by transportation. Boeing’s order flow points to a rebound in nondefense aircraft, while auto orders may have ticked higher as well. Excluding transportation, however, they also expect new orders to slip by 0.2%. Shipments data will also be in focus as a key gauge of Q3 business investment. After a July jump boosted by aircraft some giveback is likely in August. Still, core nondefense capital goods shipments are expected to hold steady, signaling a reasonable pace of equipment investment this quarter. In Japan, the consensus for Tokyo core CPI y/y is 2.8% vs prior 2.5%. Governor Ueda emphasized that the data will be closely monitored to gauge the impact of U.S. tariffs, though so far he believes Japan’s economy is absorbing the pressures. Rising food prices have been a key driver for inflation but are expected to ease over time. While core inflation remains below 2%, it is gradually edging higher, and the BoJ is watching household inflation expectations closely. Ueda downplayed the recent dip in short-term expectations, but acknowledged that elevated prices can weigh on households, underscoring the need for caution. Overall, the latest figures remain broadly consistent with the BoJ’s outlook. One of this week’s key data releases will be the core PCE deflator, the Fed’s preferred inflation gauge. The consensus for the core PCE price index m/m is 0.2% vs prior 0.3%; for personal income m/m is 0.3% vs prior 0.4%; and for personal spending m/m is 0.5% vs prior 0.5%. While core CPI came in hotter at 0.3% m/m, the core PCE is expected to rise a cooler 0.2% m/m and 2.9% y/y, reflecting its lower housing weight and softer inputs from categories like airfares and healthcare. A print in line with expectations would reinforce the case for further Fed rate cuts in October and December. This article was written by Gina Constantin at investinglive.com.

Eurostoxx -0.4%Germany DAX -0.5%France CAC 40 -0.4%UK FTSE -0.2%Spain IBEX -1.2%Italy FTSE MIB -0.5%The negative mood is not helped by US futures, which have also slipped further to start the session. S&P 500 futures are now down 0.3% on the day but that just eats a little into the gains on Friday. In Europe, Spanish stocks are lagging on BBVA's latest deal sweetener in their takeover bid of Sabadell. The former is down nearly 2% with the latter down 4% as we get things going on the session. This article was written by Justin Low at investinglive.com.

Fundamental OverviewGold managed to push into yet another all-time high today. This bullish momentum has been building since Friday. The market continues to run by inertia as we haven’t got any strong negative catalyst.Nonetheless, the Fed didn’t match the very dovish rate path priced in by the market and that could mean that strong US data could trigger a hawkish repricing in interest rates expectations, especially considering the current divergence between the market pricing and the Fed’s forecast. This in turn could offer a pullback which would be similar to what happened last year. In the bigger picture though, gold should remain in an uptrend as real yields will likely continue to fall amid the Fed’s dovish reaction function. In the short-term, hawkish repricing in interest rates expectations will likely keep on triggering corrections.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold managed to set yet another all-time high today. From a risk management perspective, the buyers will have a better risk to reward setup around the major trendline, while the sellers will look for a break lower to extend the drop into the 3,120 level next. Such a big correction might happen if we get strong US data that triggers a hawkish repricing in interest rates expectations.Gold Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that the price bounced from the minor upward trendline around the 3,630 level. The buyers will likely continue to lean on the trendline to keep pushing into new highs, while the sellers will look for a break lower to pile in for a drop into the major trendline.Gold Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we have the top trendline around the 3,723 level that could act as resistance. The sellers will likely step in around these levels with a defined risk above the trendline to position for a pullback into the minor upward trendline. The buyers, on the other hand, will want to see the price breaking higher to increase the bullish bets into new highs, although it might not happen today given that the price is already trading near the top of the average daily range for today.Upcoming CatalystsTomorrow we have the US Flash PMIs and Fed Chair Powell speaking. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US PCE report. This article was written by Giuseppe Dellamotta at investinglive.com.

Bullish above: 6716 Bearish below: 6713 Primary bias: Bearish while under 6713 Partial targets (bears): 6709.25, 6705.25, 6702.75, 6698, 6691.25 Partial targets (bulls): 6717.75, 6721, 6729.5S&P 500 Market Context & Directional BiasAt the time of this analysis, E-mini S&P 500 futures (ES) trade at 6711.5, about 0.16% below Friday’s close. Despite today’s early hesitation, the broader S&P 500 trend remains constructive: the index is up over 10% in three months, 15% in six months, and 16.2% year-on-year.For intraday traders, the bearish threshold at 6713 is already in play, as price is below it. This activates the downside roadmap unless buyers reclaim the line. On the other side, bulls only gain confirmation above 6716, where upside targets open.Today’s S&P 500 Futures Key Levels & Partial-Profit StrategyBearish Roadmap6709.25 → Friday’s VWAP overlapping with Thursday’s Value Area High. 6705.25 → Liquidity pool from Friday, likely to attract flow. 6702.75 → Friday’s Value Area Low, adding downside weight. 6698 → Extension target for intraday shorts. 6691.25 → Final day-trading bearish target. Swing sellers can extend toward 6663 once earlier levels are secured.Bullish Roadmap6717.75 → Initial upside checkpoint for breakout trades. 6721 → Friday’s Point of Control (POC), where heavy trading took place. 6729.5 → Friday’s Value Area High, capping today’s bullish stretch.Reminder: Once TP2 is reached, stops should be moved to entry (breakeven) to safeguard gains and manage any runner.Broader Market Backdrop Affecting the S&P 500The S&P 500 does not trade in a vacuum. Today’s subdued start is echoed across assets: major currencies held muted while Eurostoxx futures opened flat.Meanwhile, volatility resurfaced in digital assets with cryptocurrencies crashing into the EU open. Traders are also bracing for catalysts highlighted in our main events preview.This cross-market context underlines why today’s S&P 500 technical analysis is best read within a global framework. Visit investingLive.com, formerly ForexLive.com, for additional views.Educational Corner: VWAP, Value Area & tradeCompassThe VWAP (Volume Weighted Average Price) serves as an intraday benchmark of fair value. Trading above VWAP often signals buyer strength, while trading below it reflects seller control.The Value Area, defined by the VAH (Value Area High) and VAL (Value Area Low), contains about 70% of the previous day’s trading activity. These zones frequently act as natural turning points.The tradeCompass approach defines bullish and bearish thresholds, then maps logical profit-taking points such as VWAP, POC, and liquidity pools. This structure helps traders avoid guesswork while securing gains. Stops are always set just beyond the entry-side threshold (with a small buffer), never beyond the opposite threshold, since that breach invalidates the trade setup.Trade Management Rules for Today’s S&P 500 Futures PlanOne trade per direction per tradeCompass roadmap.Secure partial profits at logical targets.After TP2, stops move to breakeven.Stops are close to the activation threshold, but never past the opposite threshold.Entry confirmation is flexible — candle closes, retests, or trader-specific setups.Professional DisclaimerThis S&P 500 analysis is intended for educational and decision-support use only. It is not financial advice. Futures trading involves substantial risk, and past performance does not guarantee future results. Always trade with caution and adapt strategies to your own risk tolerance. This article was written by Itai Levitan at investinglive.com.

There was some pushing and pulling in the dollar after the Fed last week. But at the balance, the greenback is keeping steadier with a modest rebound against some of the major currencies bloc. EUR/USD is keeping with a rejection of the 1.1900 mark while GBP/USD slides back to under 1.3500 for now, keeping just below its 100-day moving average of 1.3479.Both pairs are seeing the near-term bias switch back to favour sellers but things are looking calmer at least to start the new week. The change among dollar pairs so far today is light, with less than 0.1% across the board.Traders are still largely digesting what to make of the post-Fed mood, that especially now that the onus is on US economic data to prove market players wrong with regards to the Fed outlook.As things stand, traders are pricing in ~44 bps of rate cuts by year-end. As such, any major softness in the dollar and dovish pricing will be more limited with nearly two 25 bps rate cuts already priced for October and December.Of the dollar pairs this week, do keep an eye out for USD/JPY. The pair has been in consolidation mood for a while now and may look for a break on either side of its daily moving averages. The 200-day moving average (blue line) is one that sits nearby now with the pair holding just above 148.00 to start the week.That's one that could lead to something a bit more interesting at least in the FX space during the course of this week. This article was written by Justin Low at investinglive.com.

We don't have any notable economic data release today but we will have plenty of central bank speakers. The main events this week will be the US PMIs tomorrow and the US Jobless Claims on Thursday. In between, we'll hear from many Fed speakers, including Fed Chair Powell. The dot plot was more hawkish than the market was pricing in ahead of the FOMC decision, so don't expect strong dovish comments. Nonetheless, it will be interesting to give a name to those dots, especially for the twelve voters.08:00 GMT/04:00 ET - ECB's Escriva (neutral - voter)12:30 GMT/08:30 ET - BoE's Pill (neutral - voter)13:45 GMT/09:45 ET - ECB's Lane (neutral - voter)13:45 GMT/09:45 ET - Fed's Williams (neutral - voter)14:00 GMT/10:00 ET - Fed's Musalem (hawkish - voter)16:00 GMT/12:00 ET - ECB's Nagel (neutral - voter)16:00 GMT/12:00 ET - Fed's Miran (uber dovish - voter) *nobody cares what he does or says16:00 GMT/12:00 ET - Fed's Hammack (hawkish - non voter)16:00 GMT/12:00 ET - Fed's Barkin (neutral - non voter)17:15 GMT/13:15 ET - BoC's Rogers (neutral - voter)18:00 GMT/14:00 ET - BoE's Bailey (neutral - voter)19:45 GMT/15:45 ET - BoC's Kozicki (neutral - voter) This article was written by Giuseppe Dellamotta at investinglive.com.

The crash started roughly at 5:59 GMT with Bitcoin falling more than 2% in a couple of minutes while Ethereum followed with a 5% drop. Other cryptocurrencies were also affected, so it seems like it affected the entire crypto market. For example, Solana fell by 7% in just 3 minutes. All of this happened without a clear catalyst though.In the bigger picture, Bitcoin just dropped into a key level at 111,900 where we got multiple rejections in the past months. This is also where the price is bouncing from as dip-buyers pile back in. A break below this level could take us back to the September low at 107,250 and further below that, the 100K level comes into sight.On the macro fundamental side, the only catalyst we got was the FOMC decision where the dot plot showed a more hawkish rate path than the market was pricing in. Fed Chair Powell though stressed that they don't want the labour market to weaken further and that's why they are cutting rates despite inflation being above target. This is supportive for risk assets like cryptocurrencies but in the short term a hawkish repricing in interest rates expectations could keep a lid on further gains. We would need strong US data for that though. This article was written by Giuseppe Dellamotta at investinglive.com.

German DAX futures -0.1%French CAC 40 futures +0.1%UK FTSE futures -0.1%European indices limped into the close last week but Wall Street finished strongly with fresh record closes, as tech shares led the way. The run higher continues to be one that is unrelenting, with the onus now falling on US data to prove market players wrong about their outlook on the Fed. The start of this week is looking more tepid though, with US futures also just marginally lower by 0.1% - for now at least. This article was written by Justin Low at investinglive.com.

Gold continues to be underpinned in post-Fed trading since last week, with dip buyers stepping in on Friday to reinforce their conviction. That is helping to build some added momentum today with price once again looking to contest the $3,700 level. So, what's next for gold this week?The aftermath of the Fed is leading to a key takeaway that the onus is now on US data to prove the market pricing wrong on the Fed outlook. As such, US data will be one of the more important things in influencing dollar sentiment and the broader market mood.This week will feature PMI data tomorrow but there will also be the weekly initial jobless claims on Thursday, though the big one will be the PCE price index on Friday. That alongside some continuation in Fedspeak of course. All that before we start gearing towards the most crucial one, which will be the US labour market report at the end of next week.As such, gold will have to take clues from how traders are feeling about the dollar this week. And there might not be all too much to work with. In the bigger picture though, the bullish fundamental factors are going to keep underpinning gold and I don't see that changing.With dip buyers also stepping in so quickly, it continues to reinforce the ongoing momentum we've been seeing since the upside breakout earlier this month. The sky's the limit for gold and even if there will be a brief pullback or correction, the play will continue to be a buy on dips.The key thing to watch is whether or not that might come before we start to get closer to the stronger seasonal months in December and January. This article was written by Justin Low at investinglive.com.

There aren't any major expiries to take note of on the day, with the full list seen below.It's looking set to be a quieter start to the new week, with not much on the economic calendar for the day ahead. That will keep the focus residing on the post-Fed follow through from last week, with market players mostly putting the onus on economic data to prove their outlook wrong.The dollar is in a decent spot, with EUR/USD keeping a bit of a rejection of 1.1900 while USD/JPY moves back closer towards its 200-day moving average of 148.56. The latter will be one to keep an eye out for on the week.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by Justin Low at investinglive.com.

Goldman Sachs raises S&P 500 2025 year end target to 6800 (prior 6600) Nothing further at this stage. This article was written by Eamonn Sheridan at investinglive.com.

More from RBA's Bullock: RBA has room to move if the global economy takes a bad turnChina sets 4% steel growth goal, bans capacity expansion, and pushes green upgradeKiwiBank: RBNZ to cut 75bp by year-end, economy not recovering from recessionBerkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker.UBS lifts USD/JPY forecast, yen seen stuck in 140–150 range amid political risksPeople's Bank of China injects 300bn yuan through 14-day reverse reposMore from RBA Gov. Bullock: In a very good position on inflationPBOC sets USD/ CNY reference rate for today at 7.1 (vs. estimate at 7.1159)Reserve Bank of Australia Governor Bullock says tightness remains in labour marketJapan PM contender Hayashi says weak yen has contributed to inflationBOJ outlines century-long ETF unwind, markets confident Japan’s stock rally can endurePBOC is expected to set the USD/CNY reference rate at 7.1159 – Reuters estimateGoldman Sachs AM: BoE to hold rates in 2025, easing cycle seen resuming February 2026Dalio: US debt crisis threatens currencies. Says buy gold, it'll gain as safe store.UBS forecasts S&P 500 as high as 7,500 into mid-2026.China seen holding lending rates steady today despite Fed cut. Unchanged 4 straight monthsEuro may hit $1.24 in 2026 as ECB holds steady, Fed cuts weaken dollar.Saks Global is considering selling 49% of Bergdorf Goodman for about $1 billionKey US inflation data that was due this week has been "postponed "ECB’s Scicluna flags trade, euro risks but sees policy well placedSouth Korea’s Lee warns US $350bn demand could spark 1997-style financial crisisECB’s Kazaks: No rush for more interest rate cuts, inflation near 2% acceptableEconomic calendar in Asia 22 September 2025 - Reserve Bank of Australia Governor BullockMonday open levels, indicative FX prices, 22 September 2025ECB Stournaras signals rate cuts over, more easing needs major shift in inflation outlookNewsquawk Week Ahead: US PCE, SNB, Flash PMIs, Aussie and Tokyo CPIThe yen slipped in the session, with nerves ahead of Japan’s leadership election weighing on sentiment. USD/JPY pushed above 148.35. Elsewhere, moves across major FX pairs were limited.RBA Governor Bullock spoke in parliament, sounding less than dovish. She pointed to inflation appearing under control, a resilient labour market and domestic data broadly in line with, or slightly stronger than, expectations. AUD/USD was little changed.In China, the People’s Bank of China held benchmark lending rates steady for a fourth straight month, leaving the one-year loan prime rate at 3.0% and the five-year at 3.5%. The decision, which followed last week’s Fed cut, was in line with expectations that authorities would avoid fresh stimulus for now amid a recent stock market rally. The one-year LPR guides most new and outstanding loans, while the five-year influences mortgage pricing.Gold was steady, trading just under US$3,700. Asia-Pac stocks:Japan (Nikkei 225) +1.5%Hong Kong (Hang Seng) -1.1%Shanghai Composite -0.22%Australia (S&P/ASX 200) +0.4% This article was written by Eamonn Sheridan at investinglive.com.

Reserve Bank of Australia Governor Bullock is speaking from Australia's parliament. She has been at it for hours, but the TL;DR is 'data dependent'. Earlier:Reserve Bank of Australia Governor Bullock says tightness remains in labour marketMore from RBA Gov. Bullock: In a very good position on inflationAUD is barely moving.More again from Bullock:Jobs data are volatile, employment growth has slowed, but unemployment steadyJobs market in line with our forecastsClose to full employment, slightly on tight sideMore confident that Inflation will stay in bandRecent Chinese economic data have not been so greatSeeing consumption picking up, the risk is that it undershoots This article was written by Eamonn Sheridan at investinglive.com.

China’s Ministry of Industry and Information Technology has unveiled a two-year plan to stabilize growth in the steel sector while curbing overcapacity. The blueprint sets a target of 4% annual value-added growth and includes strict prohibitions on expanding production capacity. Policy tools will focus on capacity controls, differentiated management, and directing resources toward leading firms.The plan highlights the importance of balancing supply and demand through output adjustments and industrial upgrades. It also prioritizes modernization and low-carbon development, with outdated facilities such as blast furnaces and converters to be phased out. By 2025, more than 80% of steelmaking capacity must comply with ultra-low emissions standards. -China’s steel plan signals tighter supply discipline, supporting margins for major producers while accelerating green investment. Strict emissions standards may raise costs in the near term, but consolidation and capacity controls aim to stabilize growth and reduce overcapacity. This article was written by Eamonn Sheridan at investinglive.com.

KiwiBank has shifted its monetary policy call, now forecasting a larger 50 basis point cut by the Reserve Bank of New Zealand in October, followed by a further 25bp reduction in November. That would take the cash rate to 2.25% by year-end, with economists citing the economy’s failure to recover from last year’s severe recession.“We now expect a 50bps cut in October, followed by a 25bps cut in November,” the bank said, adding that the data made it “crystal clear that the Kiwi economy is not recovering.” KiwiBank said further easing to 2% may be needed, depending on how activity evolves over summer, estimating a 50/50 chance of additional support.The bank pointed to broad-based weakness in the latest GDP release, with 10 of 16 industries contracting, calling it “simply not what you’d expect a year after the severe recession.” It argued the RBNZ should keep its “foot firmly on the accelerator” to bolster growth. ---KiwiBank’s call highlights rising pressure on the RBNZ to act quickly as growth falters. A larger October move and follow-up November cut would mark a sharper easing path, with risks of further support to 2% if weakness persists. This article was written by Eamonn Sheridan at investinglive.com.

Berkshire Hathaway has fully divested from Chinese electric vehicle maker BYD after 17 years, according to CNBC’s Warren Buffett Watch. A first-quarter filing from Berkshire Hathaway Energy, the unit that held the shares, showed the investment marked at zero as of March 31, with a spokesperson confirming the position has been completely sold.BYD’s head of public relations thanked Berkshire for its support since 2008, noting that the U.S. investor began paring its holdings in 2022. By mid-2024, Berkshire’s stake had already fallen below 5%, before the final exit this year. The investment had been one of Berkshire’s most profitable bets in Asia. This article was written by Eamonn Sheridan at investinglive.com.

UBS Group strategists have lifted their dollar-yen forecasts, now seeing USD/JPY at 143 by the end of 2025 and 140 by the end of 2026, compared with 130 previously. The revision reflects rising political uncertainty in Japan, which UBS says has helped keep the Bank of Japan more dovish than markets once expected.While investors are still pricing in one more BoJ rate hike before January 2026, the yen has not fully benefited from tightening expectations. Strategists pointed to Japan’s strong equity market and lower volatility as additional drags on the currency. UBS said there is little sign of a coordinated move toward a stronger yen, such as a new Plaza Accord, and the pair is more likely to trade toward the lower end of a 140–150 range rather than break below it for long.On the U.S. side, the bank expects the dollar to remain weak as labor market softness pressures short-term Treasury yields lower. This article was written by Eamonn Sheridan at investinglive.com.

People's Bank of China injects 300bn yuan through 14-day reverse repos.On Friday the Bank announced it'd be shifting the 14-dayers to:fixed amountsrate biddingtiming and scale to respond to liquidity needs And, indeed, the PBOC says today's 14-day reverse repo operation was conducted through fixed-volume, interest-rate bidding with multiple-price allocation.A 14-day reverse repo operation is a short-term loan to banks using government securities as collateral — essentially a way to inject liquidity into the financial system.Fixed-volume means the PBOC set the total size of funds to be provided in advance.Interest-rate bidding means banks submitted bids indicating the interest rate they were willing to pay.Multiple-price allocation means different banks could receive funds at different rates, depending on their bids, rather than everyone getting the same single rate.So, in short: the PBOC lent a set amount of money to banks for 14 days, allocated at different rates depending on the bids, to manage short-term liquidity in the market. This article was written by Eamonn Sheridan at investinglive.com.