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 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
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
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
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
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 […]