TCA and fair execution.
The metrics that
the FX industry must use.
DOWNLOAD
A round of softer economic data out of the US on Thursday had invited an initial wave of welcome Dollar selling and risk on flow, before all of it fell apart as geopolitical tension escalated on fear of conflict between Israel and Iran in the Middle East. read report
Currency and equity markets are finally back in sync into Thursday, though at the same time, they appear to be in sync but also moving in a counterintuitive direction. Everything we’ve seen of late has been supporting the case for less rate cuts than more in 2024. read report
We’ve been in this weird period of trading where currencies and stocks are out of sync with one another. Key standouts on Wednesday’s calendar come from Eurozone inflation, US ADP employment, Canada PMI reads, US ISM services PMIs, and Fed speak. read report
US economic data continues to come in on the stronger side and market rate odds for a June cut at the Fed have dipped below 60%, which is the lowest June odds print for the year. The currency market has responded as one would expect, with the US Dollar well in demand across the board. read report
Market conditions are pretty much exactly where they left off into the end of last week. This makes sense considering many traders around the globe being off the desks for the Easter holiday. read report
Trading conditions on this Friday will be thinner on account of many market participants being off the desks for the Good Friday holiday. Key standouts on Friday’s calendar come from US core PCE, personal income, personal spending, the goods trade balance, wholesale inventories, and a Fed Powell speech. read report
As we come into the new week, we’re looking at a market that continues to push for investor friendly monetary policy around the globe. This was clearly evident through last week’s wave of central bank meetings. read report
As we come into the end of the week, the US Dollar is finding its way back, all while US equities track at record highs. More often than not, a rallying Dollar and soaring equities don’t go hand in hand. And yet, this is what we’ve been seeing. So how can the price action be reconciled? read report
The market got what it wanted from the Fed on Wednesday. The dot plot held to 3 rate cuts in 2024 and Chair Powell then went on to downplay the recent inflation uptick. This resulted in fresh record highs in US equities and a surge in currencies against the US Dollar. read report
Activity is expected to pick up on Wednesday as we inch closer towards today’s highly anticipated Fed policy decision. As we come into Wednesday a lot of what we’ve been seeing and hearing away from the US has been leaning more dovish, which has resulted in added US Dollar demand. read report
