EUR/USD
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Two Trades to Watch: EUR/USD, USD/CAD
EUR/USD stays above 1.07 ahead of German ZEW economic sentiment data. USD/CAD rises ahead of Canada inflation data.
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).
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.
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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.
Two Trades to Watch: EUR/USD, USD/CAD
EUR/USD falls to 2-month low after hawkish Fed Powell. USD/CAD gains for a 3rd day ahead of BoC rate decision.
Two Trades to Watch: EUR/USD, USD/CAD
EUR/USD rises to 1.0650 ahead of retail sales & investor confidence. USD/CAD holds steady as oil slips & ahead of Ivey PMI data & US factory orders.
US Core PCE comes in stronger than expected; US Dollar bid
With the US Core PCE for January hotter than expected, the US Dollar is continuing its recent rise.
European Open: EUR/USD and EUR/GBP in focus for eurozone CPI
Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.
Two Trades to Watch: EUR/USD, Gold
EUR/USD rises ahead of German IFO business climate data & FOMC minutes. Gold awaits the Fed minutes.
Improving European data boosts ECB and BOE hike bets
The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.
Two trades to watch: EUR/USD, Oil
EUR/USD holds steady ahead of consumer confidence data. Oil rises after last week’s losses.
European Open: The dollar remains supreme amidst hawkish Fed speak
Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.
US data dump points to hawkish sentiment from Fed
Costs associated with producers will make their way to the end of the supply chain over the next few months and eventually be reflected in the CPI.
Two trades to watch: EUR/USD, EUR/GBP
EUR/USD falls post US CPI & ahead of retail sales. EUR/GBP rises after weaker-than-forecast UK inflation.
US CPI hotter than expected, but still lower than December
With the next FOMC meeting not until March 22nd, the Fed will have plenty more inflation data to look at.
Two trades to watch: DAX, EUR/USD
DAX rises as German inflation unexpectedly falls. EUR/USD rises after 5-days of declines.
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Depending on which way you look at it, the timing of the #hindenburg report is both unfortunate and perfect, with investors recently being in 'sell first, ask later mode'. It's going to be a long weekend for #JackDorsey and #Block https://t.co/dcE0SE9uRd
9:57 PM − 23 Mar 2023
Powell continues to be “less hawkish” in Economic Club conversation
One sure thing is that Powell is not the uber hawk he once was and there won’t be any surprise 75bps hikes coming down the line.
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Two trades to watch: EUR/USD, Oil
EUR/USD falls ahead of euro zone retail sales. Oil fell 7% last week; where next for the black gold?
Two trades to watch: GBP/USD, EUR/USD
GBP/USD rises towards 1.24 post-Fed & ahead of the BoE. EUR/USD rises above 1.10 with all eyes on the ECB.
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
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.
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.
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?