Recapping data earlier - New Zealand labour market data reinforces rate cut expectations

Deutsche Bank sees BoE cutting again, but says ECB may be done easing (The combination could see EUR/GBP drift higher in the near term)

US economy slows: GDP at 1.2%, jobs lag, tariffs loom. UBS sees Fed cuts ahead as demand cools.

HSBC expects further JPY weakness, BOJ may wait for Fed before next hike

AMD spiked after earnings, trapping eager bulls, then reversed sharply, down 9% from its after-hours high. Nasdaq feeling the heat from AMD and SMCI earnings.

SMCI is down ~24% over the last 4 trading days, including a sharp earnings-related plunge. Some bears now eye $153 as the next potential target.

UK faces £50bn fiscal hole; Niesr warns of tax hikes or spending cuts, risking growth.

UBS sees AUD/USD poised to rally, eyes 0.70 target by early 2026 (forecasts 75 basis points of rate cuts from the RBA through Q1 2026 vs. 100 from the Fed)