• Investors keep buying those dips

  The New Zealand Dollar is the big winner on the day, racing to a fresh yearly high against the Buck on the back of a booming business confidence read. Risk sentiment is also looking up again after it had stalled out on Wednesday. Wrap-Up Call

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• Two reasons for the market turnaround

  We come into Thursday with the market in mild profit taking mode. The US Dollar has rallied back a bit and US equities have reversed lower. Once again, it’s hard to put too much behind any of this price action given the super thin end of summer trade. Audio Update Technical highlights EURUSD Focused on […]

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• Data light day puts focus on Nvidia earnings

  It’s been tough to grasp at any meaningful short-term fundamentals in recent sessions, with most of the market off enjoying the final days of summer. But we did see more reason for the market to be feeling good about Fed rate cuts after taking in some weak US labor data. Audio Update Technical highlights EURUSD […]

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• Pound extends 2024 high against the Buck

  We’re looking at a market in some very thin summer trading conditions. What we’ve seen on Tuesday thus far is nothing more than choppy consolidation for the most part. The only notable exception is the Pound, which has extended its run of yearly highs as the market continues to price in more the favorable UK […]

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• 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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