• Dollar rallies despite soft inflation reads

  On Thursday, there was more stress around fallout in the banking sector. This was also accompanied by another soft inflation print out of the US, this time in the form of producer prices. But in the end, the US Dollar was more bid than not. Audio Update Technical highlights EURUSD Runs into short-term resistance GBPUSD […]

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• BOE decision preview

  As far as major central bank outlooks go, the Bank of England could very well be the most hawkish out there. We’ve seen a lot of this factoring into price action in recent weeks, with the Pound outperforming against its major currency peers and trading to its highest levels in 12 months against the US […]

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• About the risk on flow post US CPI

  The market was pleased with softer components in Wednesday’s US CPI read and has reacted accordingly. Odds for a June rate hike have fallen to near 0 and the resulting price action has seen the US Dollar lower and stocks higher. Audio Update Technical highlights EURUSD Sights set on fresh upside GBPUSD Extends run of […]

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• All eyes on US CPI report

  The market has been rather subdued thus far on this Wednesday, though the price action is understandable with traders wanting to sit tight ahead of today’s US CPI report. Wrap-Up Call

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• US inflation data stands out on Wednesday

  Price action has been relatively tame in recent sessions, though we have seen mild risk off flow with stocks lower and the US Dollar higher. At the moment, market odds for a Fed rate hike in June sit at around 10%, while odds for a July rate cut are at about 33%. Audio Update Technical […]

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• More fallout from China data

  China data released earlier today had some softer than expected components and this could be adding to the less upbeat mood in markets today. Wrap-Up Call

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• The market is too confident

  On Monday, we warned it looked like the market wasn’t properly considering the results of last Friday’s US jobs report. The data was strong and was also accompanied by a higher hourly earnings component, which should have resulted in more Dollar demand and downside pressure in stocks. Audio Update Technical highlights EURUSD Sights set on […]

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• Pound prints another yearly high against the Buck

  Currencies are running higher against the US Dollar and stocks have been well supported. The market continues to price a less aggressive Federal Reserve going forward, and this seems to be what’s behind most of the flow. Wrap-Up Call

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• Recent price action not so convincing

  Last Friday’s price action in markets has left us somewhat confused, and certainly uncertain enough to issue a warning of caution. At the moment, we’re seeing a clear breakaway in monetary policy communications, with the Fed looking like it might be getting closer to considering a pause, while other major central banks are still focused […]

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• US Dollar broadly lower despite risk off

  If we exclude Thursday price action in the Euro, there was a clear trend of US Dollar selling. This trend has been making sense when considering a Fed that hinted at the possibility of being open to a pause on rate hikes and the market pricing in rate cuts, and when considering ongoing banking woes […]

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