Forex

EURUSD still capped by 50-day SMA

Today, we’ll witness the ECB equivalent of Jackson Hole taking place in the mountains in Sintra, Portugal. Recession fears have been boiling over in the eurozone and elsewhere and have cast a long shadow on policy tightening forecasts. The Sintra forum promised to be a place where officials could try to regain control of the narrative and inject some much-needed confidence into markets.

29 June 12:50

This Week: Dollar Index (DXY) set to cool further?

Volatility remains high with risky assets subject to the ongoing push-pull between the aggressive pace of tightening adopted by many global central banks to rein in inflationary pressures, and whether this comes at the expense of economic growth.

27 June 10:52

USD/JPY makes another multi-year high

The Japanese yen hit a fresh 24-year low of 136.706 against the dollar as it was pushed down by bets that the Bank of Japan will remain reluctant to follow other major policymakers into lifting borrowing costs and tightening monetary policy.

22 June 11:13

Dollar eases ahead of crucial Fed meeting

It’s all about the FOMC meeting today and whether the world’s most powerful central bank backs up market pricing after several recent media articles pointed to policymakers wanting to move rates by the largest amount since 1994. Another U-turn tonight by not actually hiking by this size will be a dovish surprise to traders keen to see what the Fed has in store to battle rampant inflation. The Fed typically delivers what is discounted in markets and doesn’t generally like to disappoint.

15 June 11:56

This Week: Brace for more aggressive Fed

Last Friday’s hotter than expected US inflation data scotched hopes that price pressures were easing. The aftershocks from that key data release is still reverberating across markets at the onset of this new trading week, especially in the leadup to this week’s pivotal Fed policy meeting, nestled among these other scheduled economic data releases and scheduled events …

13 June 10:16

Yen continues to tank

The major story in FX space is the continuing collapse of the Japanese yen. USD/JPY has surged from 127 to 133 in the matter of a few weeks. JPY is currently down over 13.7% against the dollar this year.

8 June 11:41

This Week: Central banks to keep normalising policy in order to tame inflation

This week sees some interesting central bank meetings including the European Central Bank and the Reserve Bank of Australia. We also get the latest US inflation data to round off what could be a volatile few sessions in the first full trading week of June.

6 June 10:34

Dollar bounces as Eurozone inflation beats expectations

Risk assets fell on Tuesday as worries of higher inflation increasing stagflation risks seeped back into markets. This saw the broad dollar index, DXY, close marginally in the green.

1 June 11:14

This Week: Solid US jobs data should support the flagging dollar

The familiar US themes of rising price pressures, monetary policy and growth concerns continue to dog the market. Market participants will be scouring for fresh clues pertaining to those themes from the following scheduled economic events and data releases in this holiday-shortened week.

30 May 10:44

Kiwi rallies on hawkish RBNZ hike, dollar steadies

The mighty greenback was mixed against its G10 peers, although the broad-based DXY has rebounded this morning from the prior day’s losses and is attempting to reclaim the 102 level.

25 May 08:33

Week Ahead: Risk markets and the dollar hope to stabilise amid rising recession risks

Markets are expecting another volatile week with whippy price action across asset classes.

23 May 07:31

Sizzling UK CPI “disappoints” at 9%, a 40-year high

We got more headline grabbing UK data this morning. April inflation figures have just been released and the headline came in a tick lower than expected at a red-hot 9%, the highest rate in more than 40 years.

18 May 09:07

This Week: Beaten-up markets look for relief

Risk-off sentiment has dominated global markets in recent weeks. Headlines around some of the more speculative areas of the market like cryptos, have abounded in this environment. Here are the scheduled economic data releases and events that could further sway market sentiment over the coming week:

16 May 11:11

Has US inflation peaked?

We get the key release of the week today with the latest US consumer price figures. This is now probably the single most important data for global markets. The headline annual CPI number is expected to fall to 8.1% from the 40-year high of 8.5% in March. This would be the first time the headline figure has fallen since August last year.

11 May 11:40

This Week: What happens to the dollar if US CPI has peaked?

With inflation all the rage, the incoming US consumer price index is set to grab the market spotlight this week.

9 May 18:04

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