• No signs of worry around larger Fed cut

  The US Dollar is under pressure as the week gets going, all while risk assets remain supported. The key takeaway here is that the market is considering the possibility of a bigger 50 basis point rate cut from the Fed this week and isn’t panicking about it. Wrap-Up Call

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• 50 basis point Fed cut on the table

  The primary focus in financial markets continues to revolve around developments out of the US and how these developments impact the monetary policy outlook at the Fed. And right now, investors continue to press for more rate cuts than less in 2024. Audio Update Technical highlights EURUSD Setbacks viewed as corrective GBPUSD Plenty of room […]

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• Euro runs up after less dovish ECB

  In our preview of the ECB decision, we warned the central bank may not be as dovish as the market had been pricing in the lead up, leaving the balance of risk tilted towards a higher Euro. Indeed, this is how things have played out. Audio Update Technical highlights EURUSD Setbacks viewed as corrective GBPUSD […]

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• ECB decision preview

  The European Central Bank policy decision is due and the central bank is widely expected to cut interest rates by 25 basis points. With that said, how the market responds to the decision will be more about the accompanying communication, Christine Lagarde presser, and updated economic forecasts. Special Report Call

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• Why the market is feeling better today

  There was an initial reaction of Dollar demand and downside pressure on US equities in the aftermath of the US CPI release, before the market was able to take it all in and get back to feeling good about more Fed rate cuts than less in 2024. Audio Update Technical highlights EURUSD Setbacks viewed as […]

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• USDJPY sinks to fresh yearly low

  Currencies are bid against the US Dollar and overall sentiment is looking up as we head into a critical US economic release in the form of the latest CPI read. The Yen has been a notable mover on the day, finally pushing to a fresh 2024 high after taking out what had been the high […]

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• US CPI data featured

  The Fed has been trying to shift the focus more to the labor market. But after last Friday’s jobs report, which produced an unimpressive NFP print and hotter hourly earnings, it’s going to be hard to deny the potential impact from today’s highly anticipated US inflation data. Audio Update Technical highlights EURUSD Setbacks viewed as […]

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• Quiet consolidation ahead of US presidential debate

  We haven’t seen much movement in financial markets on Tuesday thus far. On balance, the US Dollar has been a little softer, while US equities remain supported. On the data front, US small business optimism came in softer but hasn’t really factored into price action. Wrap-Up Call

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• Euro underperforms on data drag

  We’re back to seeing some Dollar selling and demand for stocks after things had gone south at the end of last week. Stocks were already happy to bid back up on Monday, before the US Dollar finally relented later in the day. Audio Update Technical highlights EURUSD Setbacks viewed as corrective GBPUSD Plenty of room […]

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• Stocks moving higher with US Dollar

  The US Dollar is up across the board on this Monday, extending the recent recovery run on momentum from Friday’s US jobs report. Looking ahead, we get US wholesale trade sales, the NY Fed’s 1-year inflation expectations report and consumer credit. Wrap-Up Call

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