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USD: Looking expensive into the payrolls One can probably argue that the relatively cautious tone by the Federal Reserve this week will prevent markets from pricing in more than the current 75bp of...
The Bank of England has cut rates by 25 basis points. The call was pretty close, with a 61% chance of a 25bps cut priced in just moments before the decision was announced. The vote split of 5-4 shows...
USD: Short rates are on the move As we noted in our Federal Reserve review, the dollar initially rallied on the release of the new FOMC statement but then sold off when Chair Jerome Powell seemingly...
This week, the forex market could see higher-than-usual activity with key central bank decisions and economic data releases. The Fed and BoE meetings, along with the NFPs report, will impact EUR/USD...
USD It was a surprise overshoot for US growth that was front and centre for markets on Thursday, with Q2 GDP figures showing that the economy expanded by 2.8% QoQ annualised in the second quarter....
USD The advance reading of US Q2 GDP should be the focus for FX traders today. Market consensus looks for a print of 2.0% QoQ annualised – we are inclined to think that risks are skewed towards a...
The bullish run in GBP/USD remains solid as official data released on Wednesday morning confirmed UK inflation remained unchanged at 2% in June. The release was actually a little stronger than...
The US Dollar’s performance has been underwhelming recently with the dollar index (DXY) reaching a two-week low. Not even the ramping up of the “Trump trade” after the attempted assassination of the...
The British Pound has maintained its bullish bias since the UK election build-up. The fact that the election seemed so easy and straightforward has given investors a vote of confidence in UK assets,...
Ahead of Thursday’s release of US CPI, the US dollar has been in a holding pattern so far this week after dropping last week following the publication of mostly weaker US data. The weaker dollar last...
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