• A case of mild profit taking in summer thin trade

  We’re coming out of a very quiet Monday session of trade in which it was mostly about mild profit taking after a strong run of Dollar weakness and equity market strength on the back of the latest dovish communication from the Fed Chair. Audio Update Technical highlights EURUSD Focused on major range high GBPUSD Pushes […]

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• Why the Dollar demand on Monday?

  The US Dollar is finding some mild demand as the new week gets going, though we’re not sure the price action is anything more than profit taking from shorter-term accounts. The Fed Chair has ushered in a new wave of dovishness after saying the time had come to adjust policy, comments that should continue to […]

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• Fed Chair Powell isn’t one to disappoint

  The market was looking for some juicy dovish speak from the Fed Chair on Friday and he certainly didn’t disappoint. Jerome Powell was out on the wires saying the time had come to adjust policy. The market took the news as confirmation it had been doing a good job with rate pricing. Audio Update Technical […]

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• All eyes on Fed Chair Powell

  The story for Friday is going to be about digesting the latest wave of dollar weakness and US equities strength to determine if we should expect more to come in the days and weeks ahead. The market is pricing about 100 basis points of Fed rate cuts between now and year end and is feeling […]

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• Dollar weakness has been a clear trend in markets

  The run of Dollar weakness has perhaps slowed a bit, but at the same time, remains well intact. The Pound is the one that really stands out today, extending its run of yearly highs against the Buck. But again, this has been a story of broad based US Dollar weakness in recent weeks as the […]

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• Fed Minutes back up market sentiment

  The Fed is out in front in the rate cut race. The rates market now sees four cuts by year end after BLS slashed 818k jobs from initial reports in an annual revision. We’ve seen more US Dollar selling and ongoing demand for US equities as a result. Audio Update Technical highlights EURUSD Focused on […]

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• Fed Minutes Preview

  Later today the market will take in the Fed Minutes. As is always the case with such event risk, the odds for an uptick in volatility around the event will be running higher. Still overall, we don’t think we should see all that much price movement from today’s risk. Special Report Call

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• US Dollar weakness persists

  We’re still looking at healthy risk appetite and broad based US Dollar weakness into the mid-week. As a reminder, investors are feeling a lot better about the US economy avoiding recession and enduring a softer landing. Audio Update Technical highlights EURUSD Focused on major range high GBPUSD Pushes to yearly high USDJPY Bullish resumption on […]

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• Euro trading at 2024 high

  Risk appetite continues to look healthy this week. A lot of this comes from the combination of stronger US economic data and dovish Fed comments suggesting more rate cuts are to be expected. This has also opened a clear bout of broad based US Dollar weakness as yield differentials move out of the Dollar’s favor. […]

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• US equities once again pushing record highs

  Indeed, conditions have been thinner in August summer trade for many a trader out there. At the same time, it’s been hard to ignore just how impressive this rebound in risk assets has been since the intense Monday fallout earlier this month. Audio Update Technical highlights EURUSD Tracking to range resistance GBPUSD Focused on topside […]

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