• Careful what you wish for

  We come into Friday with investors getting everything they could have wanted with respect to what they’d like to see to force the Fed into taking a friendlier policy track. This week’s inflation data out of the US came in soft and this latest US initial jobless claims ran up to the highest level in […]

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• Markets more cautious into North American session

  The tone in markets as we come into the North American session on this Thursday is slightly downbeat. Chinese housing market concerns could be playing a factor after house prices registered their largest fall in eight years. Wrap-Up Call

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• Three concerns about the risk on run

  The main takeaway this week is the market once again repricing Fed expectations on the back of a welcome round of softer inflation data. The hope is that all of this will translate to more investor friendly monetary policy. Audio Update Technical highlights EURUSD Constructive outlook improves GBPUSD Readying for next big push higher USDJPY […]

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• Major currencies cool off

  The major currencies are taking a breather and consolidating in the aftermath of Tuesday’s rocketship run on the back of the softer US inflation data. Looking ahead, all eyes will be on important US data reads in the form of producer prices, retail sales, empire manufacturing and business inventories. Wrap-Up Call

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• Market responds aggressively to US inflation data

  It comes as no surprise to see the market reaction to Tuesday’s round of softer than expected US inflation data. As we’ve highlighted many times throughout the year, investors are looking for any and every excuse to pressure the Federal Reserve into reconsidering its higher for longer policy stance in favor of a more investor […]

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• Get ready for that all consuming US inflation data

  German ZEW reads were better than expected and helped to give the Euro a push higher ahead of the North American open on Tuesday. The Pound was also relieved to discover the UK labor market holding up relatively well in the face of economic slowdown. Wrap-Up Call

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• Market waiting to take cues from US inflation data

  We’d best describe markets as being in a state of consolidation in the early week. The currency market has perhaps been a little more cautious than the stocks market, but overall, nothing much to write home about. Audio Update Technical highlights EURUSD Trying to put in recovery GBPUSD Strong support into 1.2000 USDJPY Eyes fresh […]

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• Positioning ahead of Tuesday’s US inflation data

  At the moment, it feels like financial markets are happy to play a game of wait and see ahead of tomorrow’s US inflation data. As much as investors would like to think the Fed is on the verge of transitioning towards more accommodative policy, the fact remains that this just isn’t the case. Wrap-Up Call

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• The disconnect between currencies and stocks

  We come into the new week contending with a disconnect in financial markets. On the one side, currency traders continue to worry about the Fed’s ongoing commitment to higher for longer policy, which has left the US Dollar in the driver’s seat. Audio Update Technical highlights EURUSD Trying to put in recovery GBPUSD Strong support […]

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• Investors let down by good news

  The market simply can’t get away from its efforts to try and force a more accommodative Fed narrative at every turn. But what’s different in 2023 versus years earlier, is that this is a Fed that now refuses to bend to the will of the market. Audio Update Technical highlights EURUSD Trying to put in […]

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