• Hawkish Fed comments becoming too much to ignore

  There has been an undeniable wave of broad based US Dollar demand on this Wednesday. The catalyst for the move comes from the latest round of hawkish comments from Fed Bowman who has gone as far to say she doesn’t see any rate cuts this year. Wrap-Up Call

  Read More »

• Market versus the Fed

  There has been a clear battle going on in financial markets. On the one side, the Fed continues to push out more hawkish leaning messages, and on the other side, investors keep trying to look for any excuse to defy the Fed rate outlook, insisting on more rate cuts than less. Audio Update Technical highlights […]

  Read More »

• Quiet day of consolidation

  It’s all been rather quiet on this Tuesday thus far. Currencies have mostly been consolidating recent gains against the US Dollar, while US equity futures are trying to turn back up after some weakness brought on from the slide in Nvidia. Wrap-Up Call

  Read More »

• Dollar sold despite shift in rate pricing

  The ongoing wave of less dovish Fed speak has been having an impact on yield differentials, with odds for rate cuts in 2024 coming back down to 48 basis points from 61 basis points this past Friday. Tuesday’s calendar features Fed speak, Canada inflation, the Chicago Fed National Activity Index, US Case Shiller, US house […]

  Read More »

• Hard to ignore Fed rate cut pricing

  There has been a battle going on between Fed communications and what the market thinks the Fed will end up doing. Investors haven’t backed down and despite a wave of less dovish Fed speak. Wrap-Up Call

  Read More »

• US Dollar retains bid despite Fed rate cut pricing

  As we get going on Monday, we’re picking up with a market that continues to look to buy the US Dollar, despite an on the whole softer round of economic data out of the US last week. Key standouts on Monday’s calendar come from German Ifo reads, UK CBI trends, Dallas Fed manufacturing, some ECB […]

  Read More »

• Yen declines accelerate back towards major low

  Yen declines have accelerated in recent sessions, with the currency trading back to its lowest level since late April when it put in a multi-year low against the Buck. Key standouts on Friday’s calendar come from UK retail sales, public borrowing, and PMI reads, Eurozone PMI reads, Canada retail sales and producer prices, and US […]

  Read More »

• Previewing the Bank of England policy decision

  The market is getting set to digest the latest central bank decision from the Bank of England. The overwhelming expectation is that the BOE will leave rates unchanged at 5.25%. Special Report Call

  Read More »

• SNB, BOE policy decisions in focus

  Market conditions have been rather tame overall this week. For the most part, the story has been one of Dollar selling and risk on flow. We had seen some initial tension on the heels of the more hawkish Fed communication and European election fallout, but all of that has come and gone. Audio Update Technical […]

  Read More »

• Trading activity to lighten up for US holiday

  Market activity could lighten up for the remainder of the day on account of US holiday closures for the Juneteenth holiday. As things stand heading into the North American session, risk appetite looks healthy with currencies up across the board against the US Dollar and US equity futures pushing record highs. Wrap-Up Call

  Read More »

Previous Posts Next posts