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We come into the latter half of the week with currencies trying to push back up against the US Dollar. On Wednesday, the Dollar found some offers after President Trump was back on the wires talking soft Dollar protectionist trade policy, as he warned of additional tariffs on China. read report
We come into Wednesday with the US Dollar having generated a fresh wave of demand from shorter term spec accounts, after these accounts reconsidered Fed rate cut bets in the aftermath of an above forecast US retail sales print. Meanwhile, the Pound has suffered another Brexit blow, sinking to a 27 month low against the Buck. read report
Monday price action was rather subdued, though we did see another record print in US equity futures, relative weakness in the Pound, and an extension of the recovery runs in Aussie and Kiwi. Looking ahead, activity is expected to pick up, with Tuesday's calendar featuring a healthy amount of calendar risk. read report
We come into the new week with currencies reversing course and looking to build momentum against the Buck. Last week, the Dollar came under pressure, with even the Yen rallying, despite an ongoing record push in US equities. Key standouts on the Monday calendar include a batch of data out of China and US empire manufacturing. read report
As we scan across the major markets into Friday, there hasn’t been much change since the weekly open. At the same time, the way things have played out is perhaps more interesting and meaningful, given the flow of volatility throughout the week. China trade data, Eurozone industrial production and US producer prices ahead. read report
US Dollar sells off as Powell signals more cuts. Key standouts on the Thursday calendar include German inflation data, an ECB Coeure speech, the ECB Minutes, BOE financial stability report, US inflation readings, US initial jobless claims, more Powell testimony, and Fed speak from Williams, Bostic, Barkin, Quarles and Kashkari. read report
The US Dollar run continues into the mid-week, though as we’ve highlighted, as of yet, no key levels have been broken that would suggest the Buck is about to make another big move. Wednesday's Fed Chair testimony will be used as vehicle to determine if recent moves to scale back rate cut bets have in fact been well founded. read report
We haven’t seen all that much activity to start the week and we’re coming out of a Monday session that was less about anything Monday specific and more about carryover from last Friday’s price action, which saw US Dollar demand ramp up post the better than expected US NFP print. Looking ahead, all eyes on Fed Powell testimony. read report
Trading conditions will get back to full form as the US market returns to their desks after last week’s July 4th festivities. We come into the new week with the US Dollar having closed out the previous week on a strong note. As far as today’s calendar goes, German trade and industrial production are the only notable standouts. read report
Activity will pick up on Friday, as the US market opens post the 4th of July festivities. The highlight of the day will be the monthly jobs report out of the US, which could take on more meaning than it’s had over the past few years. Here's why. read report
