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Weekend attack fuels geopolitical tension
The world starts the new week in a different place than where it was as things closed out in the previous week. Geopolitical tension has ramped up significantly on the back of the Hamas attack on Israel, and the market is now concerned how this could blow-up into a much bigger risk. Audio Update Technical […]
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Positioning into Friday event risk
There haven’t exactly been any signs out there to support this latest mild recovery in risk assets into the end of the week. Higher for longer Fed policy should still be a thing, and economic data out of Europe and the UK was not pretty on Thursday. Audio Update Technical highlights EURUSD Downside limited from […]
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Soft US ADP inspires market reversal
The market has been getting some relief as the week moves on, with stocks recovering and currencies pushing up against the Buck. We had already seen an improvement in sentiment after a round of PMI data in many of the major economies around the globe came in better than expected. Audio Update Technical highlights EURUSD […]
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Long-term US yields to 16 year high
Risk markets haven’t been able to get any relief as signs continue to point to a slower global economy going up against a relatively solid US economy, which means significant monetary policy divergence and a less investor friendly higher for longer Fed outlook. Audio Update Technical highlights EURUSD Downside limited from here GBPUSD Strong support […]
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What to make of the return of risk on flow
The market has been looking for any excuse to sell the US Dollar and buy back into stocks. On Thursday, it got what it was looking for, in the form of a soft run of US economic data, highlighted by a downward revision to the personal consumption component of GDP. Audio Update Technical highlights EURUSD […]
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Stagflation risk ramping up
US yields continue to drive higher in the face of a Fed monetary policy outlook that continues to press higher for longer, despite escalating growth concerns. Fresh yearly highs in the price of oil and a sixth session of declines in banking and real estate stocks have only added to stagflation fears. Audio Update Technical […]