Weekly Market Update
Fed to cut rates as US jobs market cooling rapidly. The Federal Reserve is effectively certain to lower rates for the first time since December on Wednesday, with recent jobs data suggesting that the bank is now well behind the curve. Highlights: ➢ Fed set to deliver first rate cut since December. ➢ BLS revisions suggest US […]
Weekly Market Update
Dollar in broad retreat as long-term rates creep higher worldwide The dollar ended the week lower against most of its peers, but the more important action took place away from currency markets. Highlights: US CPI report almost confirms September Fed cut. Dollar retreats ahead of Jackson Hole conference. Trump-Putin meeting fails to yield clear peace […]
Weekly Market Update
Sterling soars on hawkish Bank of England The FX market is taking in stride the barrage of tariff announcements and the developing narrative around a US economic slowdown. Highlights: GBP jumps after BoE delivers a “hawkish cut”. Latest data points to slowdown in US economy. Waller goes favourite in race to be named next Fed […]
Weekly Market Update
US dollar soars before disaster payrolls report dents rally We witnessed one of the most dramatic U-turns that we’ve seen in the US dollar for some time last week. Highlights: Dollar rallies cut short after dismal US payrolls data. Fed strikes a hawkish note, but September cut eyed. US tariff deadline ends, as Trump hikes […]
Weekly Market Update
US and EU strike post-Liberation Day trade deal The dollar traded lower last week as market participants became increasingly jittery ahead of Friday’s looming tariffs deadline. Highlights: EU and Japan strike trade deals with the US. US economy continues to power ahead. ECB holds rates steady, hints at possible end to easing. GBP lags behind […]
Weekly Market Update
Dollar gains in spite of Trump’s tariff barrage Financial markets seem to be weathering the latest round of Trumpian chaos. Highlights: US dollar gains as “sell America” trade fades. Trump threatens more tariffs as 01/08 deadline looms. UK economy contracts again in May. BoE August cut eyed. Yen hammered as Trump pledges 25% Japan tariffs. […]
Weekly Market Update
Emerging market currencies rally on US-China trade optimism Stocks and credit rose last week as investors continue to bet that the worst is behind us when it comes to Trump’s tariffs. Highlights: Resilient US payrolls report boosts dollar on Friday. US-China trade tensions ease after Trump-Xi call. ECB slashes rates again, but hints at end […]
Weekly Market Update
US court ruling jolts markets ahead of ECB policy announcement. Most major currencies ended last week very close to where they had begun, as the pile up of tariff news more or less offset the first hints of a slowdown in the US economy after “Liberation Day”. Highlights: US court bans Trump’s tariffs, but ruling […]
Weekly Market Update
Fading trade deal euphoria deals the US dollar a blow News last week of the massive Trump climbdown on Chinese tariffs buoyed the dollar, but the bump faded and the greenback ended the week down against nearly all major currencies worldwide. Highlights: US-China trade deal optimism fades. Dollar loses ground versus all major peers. US […]
Weekly Market Update
Dollar jumps as US and China strike deal to slash tariffs The dollar leapt to its strongest position in almost a month this morning, buoyed by the news that the US and China had struck a deal to slash tariffs, at least temporarily. Highlights: Dollar jumps as US-China agree to lower tariffs. US-UK strike first […]