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FOMC meeting recap: Dollar dives on “dovish hike”
The Fed has toned down its statement to give it flexibility to pause the interest rate hiking cycle in May depending on incoming economic data
GBP/JPY extends recovery as hot CPI boosts BoE hike odds
The GBP/JPY has been supported by a double dose of bullish factors this week.
BoE Preview: 25 bps hike and done?
We think the BoE will go ahead with a 25-bps hike and then pause to assess the impact of the previous hikes.
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European Open: EUR/USD holds above 1.0700 ahead ZEW sentiment report
EUR/USD is trading within a tight range ahead of today’s ZEW report, which suggests we could be facing a breakout of it (one way or another).
Currency Pair of the Week: GBP/USD
With the Fed and BoE rate decisions to come, along with some key economic data from both the UK and US, the GBP/USD has to be the currency pair of the week.
European Open: Cautious trade to start the week, EUR/AUD in focus
It has been a quiet session overnight, as traders wait to see how Europe reacts to the weekend’s headlines.
Backtesting: How to test and refine your trading strategy
Backtesting is a method of testing your trading strategy against historical market data. Learn how it can help refine your strategy.
Forex Friday: Bitcoin, Gold, Yields and Yen
In this week’s edition, we discuss Bitcoin, gold, dollar and yields
ECB had to hike by 50 bps but euro slips
ECB provided no forward guidance and/or commitment to future hikes...
A guide to momentum trading and indicators
Momentum trading is a popular strategy for finding opportunities in short-term volatility. Find out how momentum trading works, and which indicators you can use.
European Open: SNB come to the rescue of Credit Suisse, ECB up next
The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.
ECB Preview: 50bps hike may still be on the cards
Hot inflation is likely to outweigh concerns over financial stability, potentially leading the ECB to disappoint market’s substantial re-pricing of policy rates.
US CPI recap: GBP/USD holds above 200-day EMA as inflation meets expectations
The report printed in line with expectations at 6.0% y/y, the smallest annualized gain since September 2021
US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
NFP preview: Have dollar bulls gotten ahead of themselves?
Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!
RBA Governor Lowe uses the ‘p’ word
On the back of a 25bp hawkish hike, with hypothesized the potential for the RBA to be nearing a pause. Less than 24 hours later, Governor Lowe comes right out and says it.
European Open: BOE and SNB could be live meetings today - https://t.co/ToqCrIxaBb https://t.co/eqV6NZva8w
Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows
According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.
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Bank of Canada preview: At interest rates peak?
After a combined 425 basis points worth of hikes, the BOC has already signaled it would pause tightening to let the economy digest impact of previous hikes.
European Open: All quiet ahead of Powell’s testimony
Market mostly traded in tight ranges ahead of Jerome Powell’s highly anticipated testimony to the House, which has the potential to be a volatile event.
The RBA hike by 25bp – but are they one step closer to discussing a pause?
An initial glance at RBA's statement suggests they are nearing the end of the tightening cycle, and perhaps one step closer to publicly discussing a pause.
The RBA are expected to hike by 25bp tomorrow
If the RBA deliver another 25bp hike tomorrow, it will take their cash rate to a 10-year high of 3.6%.
European Open: Be careful what you wish for with today’s ISM report
Depending on how you look at it, good data is not always good to see. And that’s what could make today’s ISM report the more interesting if it comes in hot.
Rising home loan arrears and falling dwelling approvals weigh on the Aussie
The Australian dollar is feeling the strain of housing-related headlines today, with mortgage arrears on the rise and dwelling approvals on the decline.