Weekly Market Update
Dollar gives up gains after weak US jobs reports A tentative dollar rally came to a sudden end on Friday following the release of the weak August labour market report, which suggests that the great US jobs machine is grinding towards a near total halt. Highlights: Soft US payrolls report sends dollar lower. Markets brace […]
Weekly Market Update
President Trump’s assault on the Fed rattles markets The stabilisation of the US dollar hit an air pocket last week after reports suggested that Trump was on the cusp of firing Fed chair Powell. Highlights: Trump denies Fed’s Powell set to face the sack. Solid US data boosts dollar against most currencies. Tariff negotiations set […]
Weekly Market Update
Solid US payrolls report halts dollar slide, for now Solid US labour data contradicted the slowdown narrative and effectively ended any possibility of a July interest rate cut from the Federal Reserve. Highlights: Solid US payrolls report lifts the dollar. Trump tax bill passes through US congress. Trade news eyed as tariff deadline looms. GBP […]
Weekly Market Update
Dollar downtrend resumes as markets price in Fed cuts. The dollar broke to fresh post-Liberation Day lows as pressure builds on the Federal Reserve to cut rates. Highlights: ➢ Trump’s attacks on Fed chair Powell intensify. ➢ Dollar sinks to new lows as market sees more rate cuts. ➢ EZ PMIs signal economy is barely growing. ➢ UK PMIs […]
Weekly Market Update
Dollar regains safe haven status as US bombs Iran. The Israel-Iran war is set to dominate currency trading after the US intervened over the weekend by bombing Iran’s main nuclear facilities. Highlights: ➢ US attacks Iranian nuclear facilities over the weekend. ➢ US dollar regains safe-haven appeal, up on all G10 peers. ➢ Global oil prices continue to […]
Weekly Market Update
Conflict in the Middle East bails out the US dollar Israel’s decision to bomb Iran to stop its nuclear programme threw a lifeline to the dollar last week, which had been selling off amid a much lower than expected inflation print and worries about the US economy. Highlights: Middle East conflict triggers flight to safety. […]
Weekly Market Update
Trump assault on Federal Reserve fuels “Sell America” trade A week of relative calm in the FX market was shattered late-Easter Friday by a fresh round of chaos emanating from Trump’s social media feed. Highlights: Calm week shattered by Trump assault on the Fed. USD falls to new lows on “sell America” narrative. EUR/USD surges […]
Weekly Market Update
Trump tariff chaos triggers dramatic US capital flight Markets experienced another week of extreme volatility last week, as investors reacted to the chaotic policy orders and counter orders coming out of the Trump administration. Highlights: Dollar slumps amid loss of confidence in US assets. Trump delays most tariffs by 90 days. China tariffs hiked to […]
Weekly Market Update
Trump’s “Liberation Day” tariffs crash markets “Liberation Day” set off one of the worst crashes in risk assets worldwide in recent memory. Highlights: Trump shocks markets with harsh reciprocal tariffs. Asia hit with aggressive trade levies, notably China. EU facing 20% tariffs, UK let off with 10% import tax. Risk assets suffer largest downturns since […]
Weekly Market Update
European currencies explode as Germany embraces fiscal stimulus We saw truly massive shifts in the FX market last week, with moves not seen since the early chaotic days of the COVID-19 pandemic. Highlights: Trump’s tariff chaos continues. Germany changes tack on fiscal rules. EU on course to ramp up its defences. USD falls against every […]