Forex

No stopping the all-conquering US dollar

The world’s premier reserve currency continues to astound and delight dollar bulls. Volatility measures are elevated and rising as bond yields go through the roof. The strong greenback marches ever higher and is making new multi-decade highs as we write.

28 September 12:37

This Week: GBPUSD to move closer to parity?

GBPUSD kicked off the new trading week by registering a record low, sinking to 1.035 before paring some of its stunning drop.

26 September 10:48

USD Index hits new 2-year high ahead of Fed hike

The highlight is tonight’s FOMC meeting which is set to deliver another jumbo-sized rate hike to rein in stubborn and sticky inflation.

21 September 11:40

This Week: Fed in focus for next USD move

The FOMC meeting certainly stands out as the Fed is expected to carry on hiking rates. At the time of writing, markets have fully priced in a third-successive 75bps hike. There’s even a non-negligible 22% chance being accorded for a 100bps hike – with such a move not seen since 1989!

19 September 10:16

King Dollar reasserts itself after shock hot US CPI report

We wrote last week about new highs for King dollar and the world’s premier reserve currency promptly rolled over with four straight days of losses. Some were even predicting a top in the greenback as a peak in the Fed funds rate was expected when it hit 4% earlier this week. But they didn’t reckon on a scorching hot inflation print; not many did to be fair!

14 September 11:35

This Week: US CPI may dictate next Dollar move

They say it’s rarely about just one data point. But the coming week may be an exception to the rule as markets will zero in on the latest US inflation data released on Tuesday, amidst these other major economic data releases and events:

12 September 10:25

New highs for King Dollar

Traders Stateside returned to their desk after Labor Day and have bid up their own currency. The yen has been the market’s primary target with the currency falling to a fresh 24-year low this morning.

7 September 11:45

This Week: Hawkish ECB may not save EUR

Euro traders have wasted no time in sending the shared currency to a fresh 20-year low against the US dollar, with EURUSD trading below 0.99 at the time of writing. This comes after Russia on Friday announced an indefinite halt to gas supplies sent to Germany via the crucial Nord Stream pipeline.

5 September 09:57

ECB hawks stem Euro losses as record CPI looms

ECB policymakers have towed the same line used by Fed Chair Jerome Powell at Jackson Hole, outlining their continued inflation-fighting stance. The hawks have been out in force recently, backed up by surging inflation and the ongoing gas crisis and energy shock.

31 August 10:42

This Week: EURUSD to react to US jobs, Eurozone inflation risks

Markets are still reeling from this past Friday’s speech by Fed Chair Jerome Powell at Jackson Hole, where he simply underscored the determination of the world’s most powerful central bank to tame rampant price growth. Still, this is not time to rest for global financial markets.

29 August 09:00

Dollar consolidates as traders await Jackson Hole

It could be a relatively quiet day for markets as everyone takes a breather and speculates about what will come out of the Fed’s annual symposium at Jackson Hole in Wyoming. Of particular interest is Fed Chair Powell’s keynote speech, scheduled to deliver remarks on the economic outlook, on Friday at 14:00 GMT.

24 August 12:04

This Week: Jackson Hole clues could heap more pain on G10 FX

Jackson Hole, Wyoming, is the focal point for markets in the coming week which features little else by way of potentially earth-shaking, tier-1 data and events.

22 August 11:47

UK CPI hits 40-year highs as prices rocket

We knew it would be big, but most thought we might have to wait until the autumn to see double digit inflation in the UK.

17 August 08:33

This Week: Risk markets enjoy summer with many questions up in the air

We are well into the heart of the summer and many traders are away from their desks...

15 August 07:56

Traders await red-hot US CPI and some hoped-for volatility

Summer markets historically mean low volumes and quiet flows. Traders are on vacation and risk taking is in first gear until trading desks are fully manned again in September.

10 August 10:37

Market reviews