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Market activity picking up as major event risk nears
Activity is expected to pick up on Wednesday as we inch closer towards today’s highly anticipated Fed policy decision. As we come into Wednesday a lot of what we’ve been seeing and hearing away from the US has been leaning more dovish, which has resulted in added US Dollar demand. Audio Update Technical highlights EURUSD […]
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BOJ and RBA decisions trigger Yen and Aussie selling
Already on Tuesday we’ve had two central bank decisions, both of which inspiring dovish reactions. Looking ahead, key standouts on the calendar for the remainder of the day come from Eurozone and German ZEW reads, Canada inflation, and US housing starts and building permits. Audio Update Technical highlights EURUSD Confined to major consolidation GBPUSD Looking […]
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Lots of tension ahead of this week’s Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting. Audio Update Technical highlights EURUSD Confined to major […]
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Is it just too much to ignore?
Earlier this week, US CPI data came out hotter than expected, which should have had the market a little more worried about less investor friendly tweaks to Fed policy next week. And yet, the market shrugged off the data with stocks continue to track in record high territory. Audio Update Technical highlights EURUSD Confined to […]
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Investors keep downplaying US inflation data
The market is doing its very best to try and ignore this week’s hotter US inflation data. But as the week marches on inability for US equities to extend their run of record gains could be making investors a little more unsettled. Audio Update Technical highlights EURUSD Confined to major consolidation GBPUSD Fresh upside extension […]
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Investors keep turning a blind eye
We were surprised by the subdued reaction in the aftermath of the US CPI print. Rates markets haven’t really budged all that much and investors continue to turn a blind eye to any signs the Fed might need to be less accommodative than what is being priced. Audio Update Technical highlights EURUSD Confined to major […]