We jump into another volatile week with the Federal Reserve interest rate decision out on Wednesday afternoon, followed by the Bank of England on Thursday. USD Last week US Core
GBP Queen Elizabeth II passed away aged 96 years last Thursday, and the UK is now in a period of mourning for our longest-standing monarch in history, with a new
In Liz, we trust? The new PM is here, but can she spare the Pound from parity with the Dollar or, worse, the Euro? The BOE and ECB have their
The dollar has slipped from its recent two-decade high of 109.47 on Monday, suggesting the end of the rally sparked by Powell’s hawkish Jackson Hole speech last Friday. The US economy also
Last week, Fed speaker and president Daly rallied the dollar with her bullish comments regarding inflation, saying, “our work is far from done yet”. She was unequivocal that although rate
After a strong market reaction to US inflation data last week, markets have begun to cool as increased risk on the horizon sunk investor sentiment. The Euro rallied with the
Last Friday, Nonfarm Payrolls increased by 528,000 in July, beating the market expectation of 250,000. Average Hourly Earnings remained unchanged at 5.2%, and more good news followed, with the unemployment rate dropping
So the USA is officially in a recession with two consecutive months of negative growth now in the bag. But the FED isn’t paying attention, playing it down as just
It’s a big week for US data. USD has been steadily losing ground since last week and is down against the EUR 0.17% as of this morning. With the ECB
Last week a better than expected Nonfarm Payroll result (381k) lowered fears of a US recession while raising expectations for another 75 basis points hike from the FED this July.
