• Can’t escape the doom and gloom

  Investors are becoming increasingly uncomfortable with the prospect of higher for longer policy in the US at a time where there continues to be legitimate concerns about the health of the economy. All of this also comes at a time where monetary policy divergence between the Fed and other major central banks has become more […]

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• Kashkari fuels more US Dollar demand

  We’re seeing more US Dollar demand and downside pressure on risk assets into the North American open on this Tuesday. The latest moves come on the back of hawkish comments from Fed Kashkari. Wrap-Up Call

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• Yield differentials continue to lean to US Dollar

  The market is back to worrying about slowing growth in the US, though this hasn’t been enough to inspire much change in overall price action. Indeed, year-end Fed funds trade at 4.65%, versus Fed forecasts of 5.1%. But ultimately, the Fed has continued to go against the will of the market. Audio Update Technical highlights […]

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• Takeaways into the end of the week

  As we head into Friday, there are two important takeaways from developments this week. The first is that higher for longer Fed policy is something investors need to consider more seriously. The second is that while the Fed has been talking about a solid economy and higher for longer, we haven’t exactly been getting the […]

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• Monetary policy divergence becoming a bigger deal

  Things kick off into the North American open with the Bank of England holding rates at 5.25% by the slimmest of margins. The Pound has since come under another round of intense pressure, with many market participants caught off guard by the news. Wrap-Up Call

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• Fed refuses to bend to the will of the market

  No surprise to see the market reaction in the aftermath of Wednesday’s Fed decision. We had warned the balance of risk was tilted this way in our special report and indeed this is how things have played out. Audio Update Technical highlights EURUSD Extends run of declines GBPUSD Strong support into 1.2000 USDJPY Closing in […]

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• FOMC Decision Preview

  Later today, we’ll get the FOMC policy decision. The broad expectation heading into the event risk is that the Fed will leave rates on hold for the second consecutive month. Many believe the Fed is now done raising rates in this economic cycle. However, the Fed hasn’t yet been willing to let go of this […]

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• Waiting for more clarity

  Activity has slowed down quite a bit into today, with the market not wanting to make any fresh decisions with respect to direction until getting more clarity from the Fed. Audio Update Technical highlights EURUSD Closer to finding higher low GBPUSD Strong support into 1.2000 USDJPY Well supported on dips AUDUSD Trying to bottom out […]

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• Profit taking kicks in ahead major CB decisions

  We continue to see mild profit taking on US Dollar longs in the early portion of the week as traders look to position into a raft of central bank risk in the form of the Fed, BOE, and BOJ policy decisions. Wrap-Up Call

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• Price action all about central bank event risk positioning

  Things have been mostly quiet as the new week gets going. What we have seen has been mild selling of the US Dollar and consolidation in US equities. A lot of this can be attributed to market positioning into a heavier calendar from tomorrow through the remainder of the week. Audio Update Technical highlights EURUSD […]

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