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Dollar lower as hawkish bias strengthens abroad
There was a lot more hawkishness out from central banks outside of the US this week than anything we heard from the Fed, and this reality is what helped to share the direction of a lower US Dollar. Audio Update Technical highlights EURUSD Looking to carve higher low GBPUSD Sights set higher up USDJPY Possible […]
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Plenty of hawkishness to go around
We haven’t seen a lot in the way of volatility and price action this week, but what we have seen is a clear message coming from many central banks. That message is one of hawkishness. Audio Update Technical highlights EURUSD Looking to carve higher low GBPUSD Sights set higher up USDJPY Possible bottom forming AUDUSD […]
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Leaning back to the hawkish side
There haven’t been any major moves in financial markets in recent sessions, and it still feels like we’ve been in a bit of a lull since getting past the US debt ceiling drama. The focus should be shifting back to the Fed policy outlook, but as of yet, we haven’t had too many updates on […]
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Equities turn south on softer US ISM data
Some of the big headlines from Monday include US equities reversing course from yearly highs on softer US ISM data, Moody’s reaffirming a stable outlook on the US AAA rating, and oil supported on news Saudi Arabia will make a larger supply cut in July. Audio Update Technical highlights EURUSD Looking to carve higher low […]
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US equities race higher post US jobs report
It feels like the latest run higher in US equities has come from the Friday US jobs report, which showed higher unemployment and softer average hourly earnings, two things that would add pressure on the Fed to lean back towards more accommodative, investor friendly monetary policy. Audio Update Technical highlights EURUSD Looking to carve higher […]
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US yields cool off into end of week
In recent sessions, we’ve been hearing Fed speakers leaning more to the dovish side. At the same time, US economic data has been less than impressive. All of this has helped to drive a reversal of flow resulting in lower US yields, a broad-based US Dollar sell-off, and surge in US equities. Audio Update Technical […]