Cromwell FX Market View Quiet Week as Market Awaits Fed

Quiet Week as Market Awaits Fed. Last week was the first quiet week of the year. The markets gained vs the US Dollar as we could be heading towards the crucial pivot point in Fed Rate rises.
The post Cromwell FX Market View Quiet Week as Market Awaits Fed first appeared on trademakers.

Read More

Cromwell FX Market View BOJ Disappoints

Last week saw the anticipated BOJ announcement which disappointed the market. The BOJ decided not to take any action on interest rates which was a surprise. Other than that, the market had a relatively sideways week.
The post Cromwell FX Market View BOJ Disappoints first appeared on trademakers.

Read More

Cromwell FX Market View Dollar Slumps After CPI Numbers

Last week saw the CPI number released. the YoY number met expectations however the market viewed the print as further fuel to the Feds fire to pause its tightening of interest rates. The USD fell significantly along with a risk asset rally.
The post Cromwell FX Market View Dollar Slumps After CPI Numbers first appeared on trademakers.

Read More

Cromwell FX Market View 2023 Sees Continued Economic Weakness

Last week saw liquidity come back into the market after a quiet Christmas break. As ever with the first week of the month it was non-Farm Payrolls on Friday which although was strong the other data from the US was on the weaker side leading to a USD sell off.
The post Cromwell FX Market View 2023 Sees Continued Economic Weakness first appeared on trademakers.

Read More

Cromwell FX Market View Central Banks Round Out 2022

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.

Read More

Cromwell FX Market View Quiet Week Ahead of Major Announcements

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.

Read More

Cromwell FX Market View Surprise CPI. Could this be the Fed pivot point?

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.

Read More

Cromwell FX Market View Fed & BOE Hike; Payrolls Still Strong

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.

Read More

Cromwell FX Market View All eyes on the upcoming Fed

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.

Read More

Cromwell FX Market View Truss Resigns BoJ Intervenes

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.

Read More

Cromwell FX Market View US CPI Pressures Risk Assets

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.

Read More

Cromwell FX Market View Strong Payrolls Spur USD Strength

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.

Read More

Cromwell FX Market View BOE Intervenes

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.

Read More

Cromwell FX Market View All Hail the King Dollar

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.

Read More

Cromwell FX Market View All Hail the King Dollar

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.

Read More

Cromwell FX Market View

US Inflation Spurs the USD Higher

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…

Read More

Cromwell FX Market View US Inflation Spurs the USD Higher

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.

Read More