A Decisive FOMC Today Could Be Bad For BoE Tomorrow
Like the ECB, the BoE seems increasingly spooked by the risk of second round effects, against the background of a labor market that is tighter than the central bank factored…
Read More »Market Update – November 24 – FOMC Mins. & Data conspire to sink USD
The USD Index has collapsed from over 107.80 on Monday to 105.50 today. FOMC Mins. – Confirmed that a “substantial majority” believed slowing in the pace of increases would likely…
Read More »Events to Look Out for Next Week
There is much riding on next week’s agenda with OPEC+ and Eurogroup meetings, China on holiday for the whole week and lots of political turmoil in Europe and the UK….
Read More »Live Analysis | 28th September 2022
Haven demand is helping boost Treasuries amid worries over a financial crisis in the UK, exacerbated by the BoE’s decision to purchase longer dated Gilts. The further dive in equities…
Read More »Events to Look Out for Next Week
A major thread running through the markets is how far will the CBs go to bring down price pressures. And currently is appears there is willingness to go a long…
Read More »Events to Look Out for Next Week
The economic agenda ahead is expected to be a massive one, as US NonFarm Payrolls are on tap, along with the BoE and RBA officials, who are heading for their…
Read More »Market Update – July 19 – USD & Stocks Cool Ahead of Central Banks
USDIndex continued last week’s slip and tested 106.80, before recovering. US Stocks dropped into close following +1% on open (NASDAQ -0.81%) after a plunge in the NAHB home builder index. Goldmans…
Read More »Market Update – July 18 – Stocks Rally, Dollar Dips, Biden Fist Bump
USDIndex continued last week’s slip to test 107.60. US data on Friday (Retail Sales, Empire State & UoM Con. Sentiment) all better than expected. Bullard talked 75bp not 100bp for July….
Read More »Market Update – July 12 -USD spiked, Oil fell & Euro closer to parity
USD spiked, Oil fell and the Euro inched closer to parity. The strong haven bid rise as the prospect of further tightening by central banks, renewed COVID outbreaks in China and…
Read More »