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Dr Copper chimes in on the recession debate
The Federal Reserve (Fed) is the central bank of the United States and operates under a dual mandate to effectively promote the goals of maximum employment while maintaining price stability.
The Fed’s mention of a recession weighs on oil prices
With global growth downwardly revised and the Fed being more open of a recession, lower oil prices and its impact on inflation expectations is a key theme to watch.
Central banks current monetary policy - Where to next?
Major central banks around the world, except for the BOJ, are in tightening mode on the back of increasing inflation.
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Two trades to watch: EUR/GBP, S&P500
EUR/GBP rises ahead of BoE rate decision. S&P500 tests 2022 low post-Fed.
When a 75-bps hike is still a baby step – US Housing data in focus
The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable.
EUR/USD in focus as ECB holds ad-hoc meeting ahead of FOMC
Euro rebounds as ECB tries to address fragmentation risks, ahead of a likely 75 basis point hike from the Fed
Two trades to watch: USD/JPY, Oil
USD/JPY pulls back ahead of Fed rate decision. Oil steady ahead of Fed rate decision, EIA inventory data.
Could a 50-bps Fed hike (inadvertently) weigh on sentiment? AUD/JPY
As daunting as a 75-bps hike may seem, it could be argued that if they didn’t hike so aggressively today then they’re still not doing enough to fight inflation.
NFP preview: Leading indicators slow while Fed poised to charge ahead
The leading indicators point to a slightly below-expectations reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 225K-325K range
US Dollar rips higher on economic data, Fed speakers
Today’s US ISM Manufacturing PMI and hawkish Fed speakers were bullish for the US Dollar. Will the DXY continue to move higher?
FOMC minutes confirm 50bps hikes in June and July (USD/JPY, GBP/USD)
Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet.
When cracks appear in the rendering, the house doesn’t always win
The housing market has been a bedrock of the US economy during a period of historically low rates. Now those days are over, large cracks are appearing in the rendering.
Markets pricing in central bank rate increases over the next year
Traders should watch the change in expectations of interest rates vs current rates.
US CPI recap: Food prices surge by their most in over 40 years
Inflation is becoming more widespread across a broad swathe of consumer spending categories, raising the risk that it could become entrenched.
NFP preview: Ugly leading indicators have traders on edge
The leading indicators point to slightly below-expectation reading in this month’s NFP report...see what they're saying and possible ways to trade it!
Asian Open: Fed reality check prompts market reversals, USD lower
Whilst the Fed raised interest rates by their most aggressive pace in 22-years of 50-bps, they may have poured cold water on the prospects of a 75-bps hike further out.
FOMC meeting recap: Was that “Peak Hawkishness” for the Fed?
Traders may look at today’s press conference as marking “peak hawkishness” for the Fed, at least in the short term...
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US open: Stocks creep higher ahead of the Fed
US stocks edge cautiously higher ahead of the Fed's rate announcement. Aa 50 basis point hike is priced in, but what comes next?
FOMC meeting preview: 50bps a “done deal” but balance sheet update will be key
Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself...see what traders will be focused on instead!
Forex Friday: Dollar Bulls, Pound Bears Exhausted
In this week’s edition, we discuss the dollar and its impressive rally, and ponder over the pounded pound
Nasdaq reeling after big reversal ahead of US tech earnings
Sentiment is quite downbeat following Thursday’s reversal in risk appetite ahead of earnings from Alphabet, Microsoft, Meta, Apple and Amazon
Asian Open: Wall Street stumbles as Powel confirms 50bps Fed hike in May
The Fed Chair himself, Jerome Powell, has finally confirmed what markets were supposedly expecting anyway with a 50-bps hike.
Asian Open: Dollar hits near 2-year high post Fed, WTI breaks lower
The FOMC minutes reiterated the Fed’s extremely hawkish stance which saw the US dollar dominate the session.