Joe Perry
Joe Perry CMT
US Market Analyst
Week Ahead: OPEC+, more inflation and manufacturing data
As a result of inflation and manufacturing data, fears started creeping into the markets of the dreaded “R” word – Recession.
Bank of Mexico hikes 75bps after higher inflation reading
Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!
Norges Bank surprises and hikes 50bps
Concerns of a rising inflation with a tight labor market were the reasons for the greater magnitude in the hike.
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.
USD/JPY trades to new 24-year highs! Will it keep going?
The next move for the USD/JPY may depend on Japan fx intervention, comments from Powell, Japan CPI, or an overbought RSI.
Currency Pair of the Week: EUR/GBP
With ECB members on the wires this week trying to talk down fragmentation in the Eurozone, along with CPI from the UK, EUR/GBP could be volatile this week.
Worse than expected US Manufacturing Production and Industrial Production top off a rough data week
Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates.
SNB surprises everyone and hikes 50bps! USD/CHF falls 300 pips
The central bank also said the franc is no longer overvalued; however, they stand ready to intervene in the fx market if necessary.
Housing data and Philly Fed results don't inspire much hope for US economy
Jerome Powell said at yesterday’s FOMC press conference that he doesn’t see signs of a broader slowdown in the economy. Will his view change?
FOMC recap: Fed hikes rates 75 bps, dot plots show much more to come!
The Fed statement said that it is “strongly committed to returning inflation to its 2% objective” and that it ”expects the labor market to remain strong”.
US Retail Sales: Is inflation affecting the US consumer?
The main culprit for the lower print was a decrease in new car and trucks.