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FOMC Minutes: “More restrictive stance” to come?

The FOMC Minutes from the June 14-15,2022 meeting told a story of a scared Fed that will do anything to stop inflation from increasing, even if it means slowing growth.

EUR/JPY pushes lower as recession fears set in

In addition to EUR/USD moving lower, EUR/JPY could continue lower as well, as the Yen is also considered a safe haven currency.

EUR/USD drops to weakest since 2002

The weakness is driven by rampant inflation, concerns over energy and rising borrowing costs.

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Is the pound set to suffer amidst Johnson’s latest political woes?

Another day of political turmoil awaits Johnson’s government after two top cabinet members Sunak and Javid resigned yesterday. But does the British pound care?

European Open: The DAX hits a 20-month low, ISM services in focus

The DAX is against the ropes on recession fears, ahead of several key data points from Germany, Europe and the US today.

EUR/USD: Can the pair reach parity?

Can it reach parity? If so, what is stopping it from moving below parity?

European Open: The DAX and FTSE 100 remain below resistance

Barring a notable spell of risk-on, I’m keeping an eye on potential bearish setups on the DAX and FTSE 100 whilst they remains below key resistance levels.

AUD traders ‘sold the fact’ as RBA hiked by 50-bps as expected

The Australian dollar was promptly sold off on the confirmation that the RBA hikes rates by 50-bps, as traders seemingly bought the rumour and sold the fact.

July 5, 2022 03:22 PM

Q3 Outlook: What to expect from the coming quarter?

Stocks and treasuries plunged in the first half of 2022 as inflation and recession fears rose. What can we expect in Q3? Here we look at the main themes set to drive the markets and how they could influence the different areas of the market.

What’s driving the global markets right now?

Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets

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

EUR/USD looks to PPI & investor sentiment figures. AUD/USD rises ahead of RBA rate decision.

July 4, 2022 05:17 PM

European Open: Gold holds above $1800 (for now)

Gold saw a false break of 1800 on Friday. The last time that happened in May, it marked a 6-week low.

July 4, 2022 03:37 PM

Commitment of traders report (COT): Copper investors run to the exit

If copper truly is a barometer of economic health, then it is worth noting that large speculators were their most bearish on copper futures since March 2020 last week.

Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls

Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP.

Forex Friday: Growth replaces inflation worries

In this week’s edition, we discuss the big drop in bond yields, and its impact on the financial markets. We also look ahead to a few macro events in the week ahead.

July 2, 2022 03:38 AM

EUR/USD remains undermined on mixed Eurozone CPI

Inflation hits a fresh record high in the Eurozone

July 1, 2022 09:03 PM

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Core PCE not as bad as feared. But how much does it matter?

It probably won’t matter in isolation, as the Fed is now looking at a number of inflation data points to help determine the next direction for inflation in the US.

European Open: DAX retests 13k, UK GDP and German retail sales up next

Despite a false break of 13k last week, I see the potential for the DAX to continue lower and break that key level.

June 30, 2022 03:40 PM

USD/JPY reaches its highest level since September 1998

Fed chairman Powell’s comments earlier may have sent USD/JPY to its highest level in 24 years, but they also sent the pair reeling later in the day.

June 30, 2022 05:08 AM

Fears of global slowdown continue to weigh on Copper and AUD/USD

With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!

June 30, 2022 12:59 AM

Europe’s woes go from bad to worse

Sharp acceleration in Spanish inflation hit equities and sends EUR/CHF on brink of parity

RBA Preview and what next for the AUDUSD

RBA Preview and what next for the AUDUSD

June 29, 2022 03:46 PM