• Mountain out of a molehill

  We think the market has done a good job of making a bigger deal out of the US debt ceiling drama than there needs to be. After all, it’s been the same story every time this comes up, and each time, there is a resolution in the final hours. Audio Update Technical highlights EURUSD Looking […]

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• Trying to make sense of the price action

  This has been a strange week of price action. It’s not too often that you see both the US Dollar and US equities heading in the same direction. And yet, this is exactly what we’ve been seeing. Audio Update Technical highlights EURUSD Looking for a higher low GBPUSD Dips into correction mode USDJPY Possible bottom […]

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• Yen to lowest level against Buck in 5 months

  We continue to see this funny combination of US Dollar strength and demand for US equities. The Dollar has been rallying on rising yields, with Dollar-Yen pushing to a fresh 2023 high and its highest level in five months. Wrap-Up Call

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• State of confusion

  Financial markets appear to be in a state of confusion into the latter portion of the week. We’re coming off a trading session where currency traders were looking for yield and safety in the US Dollar, all while equity traders were happy to push stocks higher. Audio Update Technical highlights EURUSD Runs into short-term resistance […]

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• Disconnect between stocks and currencies

  It’s been a mixed bag of price action on Wednesday thus far. The US dollar has continued to drive higher on a rise in long-term yields on the back of solid US data and hawkish Fed speak. Wrap-Up Call

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• Fed outlook still up in the air

  On Tuesday, we got a solid US retail sales print, despite what the headline data was telling us, and we got more hawkish Fed speak. This was enough to punch more holes into the expectation the Fed will be leaning more accommodative on policy in the months ahead. Audio Update Technical highlights EURUSD Runs into […]

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• US retail sales featured in active calendar

  We aren’t seeing a whole lot in the way of price action and volatility on this Tuesday thus far. At the moment, the US Dollar is slightly lower overall, while equities are sideways as the market positions into a healthy batch of North American data highlighted by US retail sales. Wrap-Up Call

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• The return of dovish Fed speak

  Fed Goolsbee, the only Fed speaker from Monday with a vote on the direction of monetary policy, was out sounding more dovish, saying the May hike was a close call, suggesting he’ll be supporting the case for a pause in June. Audio Update Technical highlights EURUSD Runs into short-term resistance GBPUSD Seeking out next higher […]

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• Risk assets recovering on Monday

  Things are looking up thus far on this Monday, with risk assets trying to make a comeback after a couple of hard sessions. There hasn’t been a whole lot to attribute to the flow, but overall, investors continue to want to push for a more accommodative Fed policy. Wrap-Up Call

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• Investors less sure about influence on Fed

  Into the end of last week, the market got a dose of Fed speak which questioned how things were being priced with respect to expectations around the trajectory of monetary policy. Audio Update Technical highlights EURUSD Runs into short-term resistance GBPUSD Seeking out next higher low USDJPY Possible bottom forming AUDUSD Well supported on dips […]

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