Posts by Chris Butler

Last week saw the round of central bank announcements. The rate rises were as the market expected both the ECB and the Fed surprised with a more hawkish tone however the BoE delivered a more dovish tone.
The post Cromwell FX Market View Central Banks Round Out 2022 first appeared on trademakers.

Last week was a relatively quieter week. The markets are still volatile with many participants looking at the last Fed rate decision of 2022. Has the moment of pivot finally arrived? We will find out in the coming days.
The post Cromwell FX Market View Quiet Week Ahead of Major Announcements first appeared on trademakers.

Last week post-thanksgiving saw Fed Chair Powell speak along with the first Friday payrolls numbers. Powell’s speech admitted that going forward rate hikes will be smaller.
The post Cromwell FX Market View End Of the Year Is Fast Approaching first appeared on trademakers.

Last week was quieter as the US celebrated Thanksgiving. FOMC release gave a glimpse that members were beginning to favour a slowing in the pace of rate rises.
The post Cromwell FX Market View Quiet Week with Thanksgiving Weekend first appeared on trademakers.

Last week we saw continued volatility in the crypto space as the continued fallout from the FTX collapse sent shockwaves through the market.
The post Cromwell FX Market View Crypto Markets Head the Volatility first appeared on trademakers.

Last week US CPI unexpectedly fell to 7.7% YoY vs the expected 8%. Markets moved sharply higher with a strong risk on rally however any potential further upside was halted at FTX one of the largest crypto exchanges collapsed in what seems to be an emerging fraud story which took cryptos much lower. The DXY…
The post Cromwell FX Market View Surprise CPI. Could this be the Fed pivot point? first appeared on trademakers.

Last week saw both the Fed and BOE raise interest rates by the expected 75bps. The initial reaction was negative as the Fed moved its terminal rate above 5% and risk assets were sold. Despite this Friday’s trading was strong and we ended the week with some market strength.   Euro underperformed during the week…
The post Cromwell FX Market View Fed & BOE Hike; Payrolls Still Strong first appeared on trademakers.

Last week was less volatile as a calm before the storm could come. The UK appointed as expected Rishi Sunak as Prime Minister which had a calming effect on the UK markets. All eyes are turning to the upcoming Fed rate decision.   Euro traded well post the ECB 75bps rate rise. Generally, the market…
The post Cromwell FX Market View All eyes on the upcoming Fed first appeared on trademakers.

Last week was a volatile week as UK politics came to a head with Prime Minster Truss resigning and a shortened selection process implemented. USD hit 150 vs the Yen which saw the Bank of Japan intervene once more. Yen moved from 150 down to 145.50 only to move back towards the 149 level.  …
The post Cromwell FX Market View Truss Resigns BoJ Intervenes first appeared on trademakers.

Last week the US CPI print was the spark that moved the risk assets lower. Year on year inflation dropped 0.1% but did beat expectations thus if the Fed continues to follow the data, then it leaves it little room other than to continue their tightening cycle. The DXY gained 0,5% to close at 113.298.…
The post Cromwell FX Market View US CPI Pressures Risk Assets first appeared on trademakers.

Last week we had the US Payrolls numbers. The strong numbers continued to push the USD higher although the level of volatility was lower than we had seen in previous weeks. The DXY closed 0.5% higher at 112.7.   Euro along with other majors had a more sideways week though still losing ground vs the…
The post Cromwell FX Market View Strong Payrolls Spur USD Strength first appeared on trademakers.

Last week we continued to see elevated levels of volatility. GBP came under initial selling pressure early in the week but also all currencies vs the USD were weak early in the week. The USD gave back gains later in the week despite upside surprise inflationary data. By the end of the week the DXY…
The post Cromwell FX Market View BOE Intervenes first appeared on trademakers.

Last week saw levels of unprecedented volatility in the Foreign Exchange Markets. The Fed raised rates by 75bps and committed to continue the tightening cycle as it looks to control inflation. This in turn put significant pressure on risk assets. The week finished with the UK mini budget that sent GBP tumbling.   Euro moved…
The post Cromwell FX Market View All Hail the King Dollar first appeared on trademakers.
The post Cromwell FX Market View All Hail the King Dollar appeared first on JP Fund Services.
The post Cromwell FX Market View All Hail the King Dollar first appeared on trademakers.

Last week saw levels of unprecedented volatility in the Foreign Exchange Markets. The Fed raised rates by 75bps and committed to continue the tightening cycle as it looks to control inflation. This in turn put significant pressure on risk assets. The week finished with the UK mini budget that sent GBP tumbling.   Euro moved…
The post Cromwell FX Market View All Hail the King Dollar first appeared on trademakers.

Last week US inflation data came in higher than expected which moved USD stronger once again. With the Fed looking at the data the market is predicting where the terminal rate will be. The US Dollar would have ended higher but for Friday’s reversal. The DXY ended the week 0.6% higher at 109.64.   Euro…
The post Cromwell FX Market View US Inflation Spurs the USD Higher appeared first on JP Fund Services.
The post Cromwell FX Market View US Inflation Spurs the USD Higher first appeared on trademakers.

We extend our sincerest condolences to members of the Royal Family and we join the nation in mourning this immeasurable loss. Last week saw central banks continue their hawkish rate rising. The ECB rose rates by 75bps followed by the RBA and BoC. The market is looking for the inflection point where rates peak and…
The post Cromwell FX Market View Her Majesty Queen Elizabeth II 1926 – 2022 appeared first on JP Fund Services.
The post Cromwell FX Market View Her Majesty Queen Elizabeth II 1926 – 2022 first appeared on trademakers.

Last week the USD continued its role as the markets favourite currency as it posted another positive week. The US economy continues to show strong economic signs with the market continuing to look for further Fed tightening in the coming months.   Euro ended the week flat as despite USD strength the single currency held…
The post Cromwell FX Market View Fed Keeps the Pressure on Risk appeared first on JP Fund Services.
The post Cromwell FX Market View Fed Keeps the Pressure on Risk first appeared on trademakers.

Last week the USD consolidated its dominance as Powell speaking at the Jackson Hole symposium reiterated policy to reduce inflation and cautioned against switching to an accommodative stance too early. Risk assets fell as a result of the more hawkish stance than expected. Euro continued to trade in a lowering range during the week. The…
The post Cromwell FX Market View Jackson Hole; Fed Still on Track appeared first on JP Fund Services.
The post Cromwell FX Market View Jackson Hole; Fed Still on Track first appeared on trademakers.

Last week the US Dollar closed significantly stronger as the previous weeks risk on rally lost its steam and yields rose once again. US Dollar surged as investors adjusted their expectations. With much more data releases before the next FOMC meeting expectations of continued rate rises once again took the fore. Both the GBP and…
The post Cromwell FX Market View USD The Nicest house in a bad neighbourhood appeared first on JP Fund Services.
The post Cromwell FX Market View USD The Nicest house in a bad neighbourhood first appeared on trademakers.

Last week the US CPI print gave the market reason to react that the Fed may change tact on rate rises. The last meeting saw the Fed state they would be more data driven and that is exactly what we got. The US Dollar didn’t like the weak CPI number and lost ground all week.…
The post Cromwell FX Market View Does the CPI Release Change the Fed? appeared first on JP Fund Services.
The post Cromwell FX Market View Does the CPI Release Change the Fed? first appeared on trademakers.