As we enter a new trading week, attention is focused on the recent performance of the US dollar. Last week, the dollar exhibited significant volatility, driven by shifting expectations around Federal Reserve rate hikes and disappointing economic data. USD The dollar experienced high volatility last week, with diminishing expectations of Fed rate hikes boosting it…
Bitcoin has been seeing tighter and tighter daily ranges even as research shows continued strong interest in the crypto space with trading volumes expanding. Latest news in the space highlights crypto’s wild wild west environment with DMM.com reportedly losing some $300 million in crypto assets. For now we continue to see sector rotation weighing on…
Just when we thought Oil was beginning to price in the summer driving season in the US the brief push past its May consolidation highs was reversed as it spent the rest of the previous week easing. By the close Friday we actually had a bearish candle for May. Over the weekend we had an…
Euro is up for a big week with an ECB Meeting on Thursday and a largely telegraphed 25bps cut. Putting things into context we have been seeing a mostly sideways market the past three weeks and before that pushed higher since the middle of April. This to us suggests there will be scope to react…
Cable saw a modest bounce Thursday following its sharp sell-off on hawkish talk for the US the day prior. We have little to watch out for out of the UK today though US Personal Consumption Expenditure data is worth keeping an eye on given that it is actually the Fed’s preferred gauge of inflation given…
Gold has been stuck on a range play since the failure to follow through on its sell-off from new historic highs. As previously mentioned the much of the surge in Gold may be attributed to two factors, central bank demand, and hedging against inflation. While Central Banks are unlikely to suddenly stop buying, we note…
As we approach the release of Eurozone inflation data for May, market participants are keenly assessing potential impacts on the European Central Bank’s (ECB) monetary policy decisions. With the latest figures set for release on May 31 at 0900GMT by Eurostat, expectations are set for a slight uptick in inflation, which, while modest, provides critical…
We have long been a fan of the carry trade but after a month of steady gains it is worth reassessing considering the next set of policy meetings beginning next week on Thursday for the ECB. Note that there is increasing expectation of a move by the ECB this time around which with the three…
Was it the charts or is it the news? What ever the underlying reason for yesterdays marubozu one thing thats clear is Euro’s upside is now likely capped. At a time when people keep speculating on when rate cuts will start what we know is the FOMC dynamics has shifted to a latter than sooner…
Bitcoin has been unable to find fresh wind ever since poor US data fueled the surge to 71911. News wise crypto in general continues to see market cap expand though the failure to push any higher in the grand daddy of crypto suggests two things, much of the fresh money is coming from the retail…