• Everything except the Yen

  Everything is pretty much up against the US Dollar, though we have seen some resistance to this trend when it comes to the Yen, which continues to get slammed to multi-year lows and is looking like it wants to see USDJPY push through the much talked about barrier at 155.00. Wrap-Up Call

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• Have we seen the extent of the Fed rate repricing?

  Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story. Audio Update Technical highlights EURUSD Trading at lower end of range GBPUSD Strong support into 1.2000 USDJPY Sights […]

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• Why the US Dollar is lower on Wednesday

  The US Dollar is selling off after rallying to a fresh yearly and multi-month high on Tuesday as per the Dollar Index. The Dollar had made another run after the Fed Chair talked about leaving rates on hold given the ongoing battle with inflation. Wrap-Up Call

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• Powell’s message rattles markets

  We’ve seen some profit taking on Dollar longs into Wednesday, but overall, the US Dollar remains well in demand, especially after the Fed Chair came out with his comments on Tuesday. Jerome Powell signaled the central bank would likely keep rates on hold for longer on account of an ongoing battle with inflation. Audio Update […]

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• USDJPY on approach to 155 barrier

  The US Dollar continues to march forward, with the Dollar Index trading to its highest level since early November 2023. USDJPY has been the most notable, with the major pair showing no signs of let up as it inches closer to the much talked about 155 barrier. Wrap-Up Call

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• Are investors losing confidence in the Fed?

  Investors have long been playing the bet that the Fed will opt to lean on the side of policy accommodation. But in recent months, this bet has been a tougher one to play, and in recent weeks, things have only intensified, with rate cut expectations significantly scaled back. Audio Update Technical highlights EURUSD Trading to […]

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• Investors will keep focusing on reduced geopolitical risk

  Investors are definitely relieved things weren’t as bad as they could have been over the weekend. The Iranian strike on Israel felt more like a political message than anything else, and the fallout was well contained. At this point, there is every hope there will be a de-escalation in the conflict. Wrap-Up Call

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• Things could have been a lot worse over the weekend

  The run of Dollar demand has resulted in fresh yearly highs against many currencies. We had already seen a wave of Dollar demand on the back of a repricing of Fed rate expectations, and in recent days, geopolitical factors have played into even more Dollar demand. Audio Update Technical highlights EURUSD Trading to lower end […]

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• Serious risks to consider into the weekend

  On Thursday, we highlighted the fact that investors are desperate to use anything to justify the Fed needing to get back to moving to more rate cuts than less in 2024. And on Thursday, as per our commentary, US producer prices were all of a sudden that big deal economic data that normally isn’t a […]

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• US producer prices take spotlight over ECB decision

  No change is expected from the ECB on rates and the central bank decision will most likely be taking a healthy back seat to data that normally doesn’t get as much attention as it likely will today. That data is US producer prices. Wrap-Up Call

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