Currency Analysis & Opinion

The dollar downtrend appears to be running out of steam. In our view, a further US dollar recovery is likely from current levels as markets show reluctance to fully jump in on bets of a Fed pivot. We...

U.S. Dollar: Position Adjustment Dominates Tuesday saw a tremendous rally in risk assets, where European equities led the pack by gaining over 4%, high yield credit spreads narrowed 30bp+ and...

Eurozone and German inflation hit double digits Stagflation and energy crisis pose great risk to EZ economy Fed continues hawkish rhetoric, keeping dollar supported on dips The EUR/USD is likely to...

In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...

Events in the UK yesterday marked the first time this stagflationary macro environment risked evolving into a financial crisis. Fortunately, the Bank of England intervened aggressively in the Gilt...

The U.S. dollar continues to power ahead. Over the last 24 hours, the focus has switched from the pound to the Chinese renminbi. Here, there are signs that authorities are acquiescing to a weaker...

GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...

The Pond Sterling is plummeting against the USD. On Monday, after retreating to and testing 1.0350, which is the lowest bottom since 1985, GBP/USD has returned to 1.0590.However, it’s not only...

All eyes on FOMC – expect a 75bp rate hike with a hawkish tone Russian aggression will keep euro under pressure Acceptance below parity is another sign of weakness for EUR/USD There is no end in...

The Swedish Riksbank today kicks off a busy week of central bank policy meetings, which should see chunky 75bp hikes in many countries. Central bankers pressing more firmly on the monetary brakes will...

The FOMC meeting may get the headlines this week. Still, with interest rate futures pricing 65bp of hikes this week’s BoE meeting - essentially a 40% chance of a 50bp hike and 60% of 75bp...

Repricing of interest rates has seen US dollar surge CAD victim of drop in risk appetite and oil prices Breakout above key resistance means path to the upside The USD/CAD has finally joined the other...

As the stars aligned, the euro climbed for the fourth day out of five to near a four-week high.Monetary Policy DecisionThe 25 members of the governing council of the European Central Bank (ECB)...

GBP/USD starts the week by growth to 1.1620. Due to the death of the Queen the Bank of England postponed its meeting and hence, the decision on the interest rate from 15 September to 22 September....