Weekly Market Update
Calm before the storm: Why today’s NFP report matters more than most In the absence of any clear forward guidance from the Fed, this afternoon’s US payrolls report bodes to be a high volatility risk event for markets. Highlights: US NFP report set to be a high volatility event in markets on Friday. Fed September […]
Weekly Market Update
Oil prices slide as deal to reopen Hormuz edges closer Renewed hopes of a peace deal between the US and Iran are providing some support for risk currencies this week. Highlights: US-Iran deal to reopen Strait of Hormuz could be signed today. Brent crude oil prices drop back below $80 a barrel. US dollar edges […]
Weekly Market Update
Bank of England votes 6-3, but shows no urgency to hike Thursday’s BoE meeting delivered some contradictory messaging, with policymakers keeping one foot on either side of the fence. Highlights: Bank of England votes 6-3 to keep rates unchanged. MPC sees clear signs of disinflation, no second round effects so far. Fed holds rates, but […]
Weekly Market Update
Fed set for hawkish hold as Iran military attacks resume Tonight’s FOMC rate decision brings with it a level of intrigue and uncertainty that we’ve perhaps not seen for a number of months. Highlights: Fed set for hawkish hold, but markets see small chance of a hike. We see room for downside in the dollar […]
Weekly Market Update
Dollar strengthens as surging oil prices shines spotlight on the Fed Markets are finally beginning to take notice of the renewed USIran hostilities and surge in oil prices, which last week jumped back above $100 a barrel. Highlights: Dollar gains as oil prices surge through $100 a barrel. Fed set to hold rates this week […]
Weekly Market Update
Currencies calm despite flare up in US-Iran tensions The latest flare up in tensions between the US and Iran failed to trigger any significant safe haven flows in currency markets, or in any financial markets for that matter. Highlights: US-Iran tensions flare up again as Trump claims MoU to be over. FX market calm as […]
Weekly Market Update
Soft US payrolls report halts dollar rally in its tracks The dollar rally that has lasted since early May seems to be petering out. Highlights: Dollar rally fades after soft US payrolls report for June. Market participants dial back rate hikes bets across the board. GBP holds firm as Burnham pledges to stick to the […]
Weekly Market Update
US dollar rises again as stock markets globally wobble A pull back in risk sentiment saw stocks markets drop globally last week, led by the big winners of the last few years, technology companies. Highlights: Dollar gains on equity jitters, hawkish Fed and strong US data. Euro Area PMIs point to stagnation, but recovery eyed […]
Weekly Market Update
US dollar rips on hawkish Fed, Starmer resigns as PM The Fed, now under the stewardship of the new chair Kevin Warsh, seems considerably more concerned about inflation than markets expected, if his first press conference at the helm is anything to go by. Highlights: US dollar flies after hawkish Fed announcement. Updated dot plot […]
Weekly Market Update
Markets celebrate as Iran peace deal is reached Markets have been cheering the US-Iran framework deal to end their conflict, which sent oil prices to the lowest levels since the early days of the conflict. Highlights: US-Iran framework peace deal leads to oil price decline, supports risk sentiment. Commodity currencies underperform but dollar stays resilient. […]