GBP/USD
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Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
Two trades to watch: GBP/USD, CAC40
GBP/USD looks to PMI data, financial stability report. CAC 40 rises ahead of PMI, French industrial production.
Two trades to watch: GBP/USD, Oil
GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.
UK CPI Preview
How hot was inflation in May?
Two trades to watch: GBP/USD, USD/CAD
GBP/USD rises despite strike action. USD/CAD falls ahead of retail sales, Fed Powell.
BoE risks losing credibility after 25bp hike
The 25-basis-point hike was priced in but failure to surprise… is a surprise in this week of central bank surprises
BoE’s dilemma
A 25-basis-point hike is priced in, but will the BoE deliver a surprise?
Bank of England Preview
A 25-basis-point hike is priced in, but will the BoE deliver a surprise?
Two trades to watch: DAX, GBP/USD
DAX falls as the market mood sours, factory orders drop. GBP/USD falls as Bojo holds onto power, just.
Two trades to watch: GBP/USD, Oil
GBP/USD rises despite PM Boris Johnson facing a vote of no confidence. Oil prices rise as Saudi Arabia hikes prices.
European Open: UK traders return to their desks (FTSE, GBP/USD)
The 4-day weekend has come to an end and the FTSE will reopen today. Yet take note of public holidays across Europe so liquidity should be lower than usual.
Two trades to watch: DAX, GBP/USD
DAX rises ahead of German IFO business climate data, GBP/USD rises ahead of BoE’s Bailey.
After most of the data for the week, GBP/USD advancing
GBP/USD has been moving higher this week as a result of the strong labor market in the UK and the high inflation readings.
Two trades to watch: DAX, GBP/USD
DAX falls after industrial production tumbles. GBP/USD falls to a fresh 23-month low ahead of US NFP.
BoE Preview: MPC won’t deviate much from recent hawkish path
The Bank of England looks set to hike rates by 0.25%, but how will this impact the pound?
The Pound takes it on the chin
Last weeks poor economic data caused the wheels to fall off the Pound.
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🏦 FOMC Minutes: “More restrictive stance” to come? #FOMC #Minutes #DXY #EURUSD https://t.co/566VZmJ9HH
8:03 PM − 06 Jul 2022
Asian Open: The Fed’s Bullard calls for rates to be at 3.5% by year end
The US dollar was broadly higher overnight as the Fed’s Bullard laid out a path for 50-bos hikes at each remaining Fed meeting this year.
Yields and US Dollar pull back at resistance; EUR/USD, GBP/USD
Yields began moving lower yesterday. Today, the US Dollar took its turn to move lower.
GBP/USD struggles around 1.30 after UK, US inflation
Both the UK & US saw a strong rise in inflation but the central bank outlooks are showing signs of possible divergence keeping GBPUSD under pressure.
Two trades to watch: GBP/USD, USD/CAD
GBPUSD falls below 1.30 after UK inflation jumps to 7.5%. USDCAD falls ahead of BoC rate decision.
Two trades to watch: GBP/USD, DAX
GBP/USD falls despite encouraging UK jobs data and ahead of US inflation data. DAX falls as inflation jumps, ZEW economic sentiment data due.
Two trades to watch: GBP/USD, CAC
GBP/USD falls as stagflation fears rise. CAC rallies after the first round of the French elections.
FOMC Minutes: Good stuff, but nothing markets didn’t already assume
The Minutes from the March 16th FOMC meeting were a bit stale, as almost all Fed speakers have been hawkish lately.