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ECB members turning more hawkish. But do markets believe them?
The ECB is providing more hawkish comments while the BOE is less sanguine due to slow expected growth.
US Consumer still spending despite high inflation; EUR/USD
Anyone who is worried about the effects that inflation will have on household spending can take a deep breath for another month as April’s Retail Sales data continued to be strong.
European Open: EUR/USD grinds higher ahead of EU GDP and US retail sales
EUR/USD is a pair to watch today, given the line-up of GDP and employment for Europe, retail sales for the US and Jerome Powell speaking.
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AUDUSD bounces back on RBA minutes and China headlines
This morning saw the release of the RBA’s May meeting minutes. The market was hoping for clues on the likely size of next month’s rate hike, particularly after the bank caught all commentators on the wrong foot last month by raising rates by 25bp to 0.35%.
USD/JPY: Bullish momentum has stalled, but uptrend intact until Fed blinks
Looking ahead, expectations for FOMC policy will be a major driver for USD/JPY...
Currency Pair of the Week: GBP/USD
With economic data releases from both the UK and the US this week, GBP/USD has the potential to be volatile.
European Open: Reality check for risk as China data misses
Data from China clearly pointed the wrong way and knocked sentiment, but news that Shanghai is aiming to reopen threw in a degree of support.
Where are the tail risks for this weekend's Australian Federal Election?
The Australian Federal Election is just five days away. Both polling and betting markets have the ALP well ahead. As illustrated by Brexit, Donald Trump’s election in 2016 and the Australian Federal Election in 2019, polls are not fool proof.
Weekly COT Report: Metals continue to get hammered
The strong dollar and lockdowns in China have continued to see traders take a bearish stance on metals over the past four weeks.
Week Ahead: Focus shifts to the consumer as volatility continues
Can the consumer hold up the economy despite rising inflation?
Forex Friday: Will EUR/USD join CHF/USD par(i)ty?
In this week’s edition, we discuss the potential for the EUR/USD to drop to parity, following the footsteps of CHF/USD.
Markets pricing in central bank rate increases over the next year
Traders should watch the change in expectations of interest rates vs current rates.
European Open: Eyes on the euro and a potential 19-year low
EUR/USD came very close to breaking the 2017 yesterday, which would have taken it to its lowest level since December 2019.
Asian Open: Jerome Powell reconfirmed, Russia threatens Finland
More of the same with the Fed as Jerome Powell is confirmed for a second term. The yen rallied on geopolitical concerns as Russia threatened Finland over joining NATO.
US PPI follows suit after CPI print
Although PPI was lower than March's reading, it did little to soothe investor fears of rising interest rates.
European Open: WTI rebounds above $100, UK GDP up next
Energy markets were supported by the rise in geopolitical tensions between Russia and Europe, which helped WTI print a firm close above $100.
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US retail sales beat expectations last night, fuelling a rally on #WallStreet. Will this help equities stage a comeback? Read our latest article for an insight into how the market could react: https://t.co/vTtCWYCOSd #stocks #trading $NDX $NQ https://t.co/I6NGAb7rVd
1:58 AM − 18 May 2022
Asian Open: US CPI didn’t provide the clear outcome traders hoped for
There was a lot of expectation that CPI would soften enough to provide confidence that inflation had peaked. Those expectations were not fulfilled.
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Can Silver hang on?
Silver (XAG/USD) has tumbled over 19% since April 18th.
ECB officials starting to think about rate hikes
Hints of rate hikes in Europe could give EUR/USD a lift.
How will the market react to CPI?
There’s a lot been said about the US potentially hitting “peak inflation,” but it not all about today’s CPI print...
European Open: Bruised equity bulls look to US CPI for a reprieve
Given US indices are holding support levels after the latest selloff, a soft inflation print could be the catalyst to lift equities from their lows.
Asian Open: USD holds firm ahead of CPI, ASX set to mean revert?
There comes a point where bears overplay their hand. And yesterday’s rebound above 7,000 following a strong move lower on the ASX suggests they may be losing their grip.
Aluminum at support. What does that mean for AUD/USD?
Aluminum has been moving lower since fears of a slowdown began to sweep through the markets, and it is bringing AUD/USD lower with it.