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FOMC hikes 25bps, as expected. More rate hikes to come?

Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

Bank notes of different currencies

ECB Preview: All about forward guidance

While a 50 basis point hike is fully priced in, there’s still a lot of uncertainty in terms of forward guidance...

Two trades to watch: EUR/USD, USD/CAD

EUR/USD falls ahead of EZ GDP data. USD/CAD rises on Fed jitters, falling oil & ahead of CAD GDP.

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January 31, 2023 07:27 PM

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Currency Pair of the Week: EUR/USD

With the FOMC and the ECB meetings, along with a treasure trove of important economic data from the US and Europe, EUR/USD should be volatile this week.

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January 31, 2023 03:41 AM

Core PCE unlikely to sway Fed next week

The December Core PCE print was in-line with expectations. Therefore, markets remain comfortable with pricing in the 98% chance of a 25bps rate hike on Wednesday.

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January 28, 2023 02:54 AM
Currency exchange rate board of multiple currencies

Forex Friday: USD/JPY, EUR/USD and GBP/USD

In this week’s edition, we discuss the dollar, pound and euro, and look forward to the big central bank meetings in the week ahead.

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What does it mean for the Fed if Core PCE comes out weaker than expected?

If the print is “as expected”, will this be enough of a drop for the Fed to leave rates unchanged at its February meeting?

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January 26, 2023 06:29 AM

Two trades to watch: EUR/USD, FTSE

EUR/USD rises ahead of EZ consumer confidence on hawkish ECB chatter. FTSE rises cautiously at the start of the week.

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January 23, 2023 07:10 PM

Two trades to watch: EUR/USD, Oil

EUR/USD rises with Lagarde in focus. Oil falls as recession fears build.

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January 19, 2023 06:48 PM

Softer US data sends US Dollar lower

If the data continues to come out weak for the US, it could mean a move dovish Fed than expected.

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January 19, 2023 03:18 AM
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Two trades to watch: FTSE, EUR/USD

FTSE falls after weak Chinese growth & as UK wages rise. EUR/USD looks to German ZEW economic sentiment data.

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January 17, 2023 06:55 PM
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US December CPI drops to 6.5% YoY; lowest level since October 2021

The December MoM CPI print was -0.1% . This is the first decline in the MoM print since May 2020!

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January 13, 2023 03:32 AM
Forex trading

US Data Dump dominates central banks

With Thursday’s poor economic data and the Fed still hiking rates (albeit at a slower pace), a recession may be in the cards for the US!

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December 16, 2022 08:29 AM

US CPI surprises for the second month in a row. What does it mean for the Fed?

Regardless of any new questions that may be raised, the one thing we know is that although inflation is still relatively high, it is moving in the right direction (lower)!

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December 14, 2022 03:01 AM

US CPI Preview: Will Tuesday’s CPI affect the FOMC’s decision on Wednesday?

The risk to the CPI data is that it is much lower than expected.

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December 9, 2022 07:37 AM

Two trades to watch: EUR/USD, FTSE

EUR/USD rises ahead of Lagarde, jobless claims. FTSE struggles on recession fears & despite China reopening.

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December 8, 2022 07:23 PM
Federal Reserve eagle

US Core PCE lower in September; USD continues lower

If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.

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December 2, 2022 04:11 AM

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European Open: Double top forms on EUR/USD

The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart.

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November 29, 2022 03:29 PM

Two trades to watch: EUR/USD, Oil

EUR/USD rises above 1.04 ahead of ECB minutes & German IFO business sentiment. Oil steadies after a steep fall.

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November 24, 2022 07:23 PM
Market chart

Two trades to watch: EUR/USD, Oil

EUR/USD falls as German PPI plunges & on safe haven USD demand. Oil falls on China COVID fears.

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November 21, 2022 07:19 PM
Close-up of market chart

Philly Fed continues to fall; US Dollar doesn’t seem concerned

US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy.

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November 18, 2022 04:32 AM

Two trades to watch: GBP/USD, EUR/USD

GBP/USD rises ahead of the Chancellor’s Budget. EUR/USD holds steady ahead of Eurozone inflation data

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November 17, 2022 07:18 PM