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  • Have we reached maximum pessimism in the Pound?

    John Templeton famously said the time of maximum pessimism is the best time to buy. And as we look at the state of the Pound as September 2022 winds down, we wonder if we have reached maximum pessimism. Special Report

  • No relief into mid-week

    There has been no relief for financial markets this week, with the US Dollar rally only intensifying and the sell-off in stocks only getting that much uglier. We had seen some attempts at a turnaround on Tuesday, though this proved to be nothing more than a tease. Audio Update Technical highlights EURUSD Downtrend intensifies GBPUSD […]

  • A disruptive disconnect

    It’s been a tough week in financial markets. Investors have been forced to come to terms with this new reality of higher for longer interest rates in the US, with rates now seen above 4.3% for the entirety of 2023. Audio Update Technical highlights EURUSD Uncomfortable below parity GBPUSD Trying to find a bottom USDJPY […]

  • BOE policy decision preview

    The Bank of England policy decision is due up and it won’t be an easy one for Andrew Bailey and company. The central bank is contending with a struggling economy, an energy crisis on top, rocketing inflation and an exchange rate that should finally get some more attention now that the Pound has sunk to […]

  • Investors unsettled by that dot plot

    The market was dealt another blow on Wednesday, in large part because of yet another hawkish decision. There wasn’t anything all that surprising, but it seems investors continue to be unsettled by a dot plot that keeps on pointing to higher rates looking out. Audio Update Technical highlights EURUSD Uncomfortable below parity GBPUSD Trying to […]

  • FOMC decision preview

    There is a lot of tension in global markets right now, and all of that tension could ramp up some more later today as the Fed delivers its latest policy decision. We’re living in a world where inflation is rocketing higher and the need to address this risk is outweighing concerns about the impact on […]

  • The Buck doesn’t stop here

    It seems the market has become even more unsettled in recent sessions, this on the realization that higher rates outside of the US are doing nothing to offset what has been a surge into US Dollars on what is still a yield differential that favors the Buck and on what is sure to also be […]

  • Euro can’t do anything with rocketing German producer prices

    It’s pretty interesting to see the Euro under pressure on this Tuesday, despite a massive German producer prices print that came in way above forecast. The data should only add more pressure on the ECB to be needing to raise rates that much more aggressively. Wrap-Up Call

  • Get ready for a heavy round of central bank meetings

    The market has ratcheted up hawkish Federal Reserve rate hike bets, pricing peak Fed Funds at 4.5%, which is 120 basis points higher than where we were in July. Audio Update Technical highlights EURUSD Battles with parity GBPUSD Trying to find a bottom USDJPY Due for major pullback AUDUSD Pressure remains on downside USDCAD Pushes […]

  • Subdued conditions but also more of the same

    Japan and the UK have been out on holiday and trading conditions have been subdued overall on this Monday. Nevertheless, this hasn’t stopped the trends of lower stocks and a higher US Dollar from extending. Wrap-Up Call

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