Cromwell FX

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.

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 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.
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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.
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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.
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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.

Last week saw the Bank of England raise rates by 0.5% to 1.75%. This is the biggest rise in 27 years and the highest rates have been since 2008. Strong payrolls later in the week gave the US Dollar a lift after last weeks announcement that the Fed will be looking more at the data…
The post Cromwell FX Market View Bank of England Dovish Hike Surprises appeared first on JP Fund Services.
The post Cromwell FX Market View Bank of England Dovish Hike Surprises first appeared on trademakers.

Last week saw the FED rise interest rates by the expected 75bps. The big surprise was the comments post meeting. The markets had priced in further interest rates through to end of 2022. The comments coming out where that the Fed will be more data driven potentially signalling a slow in rate rises. Euro failed…
The post Cromwell FX Market View The FED to be more data driven appeared first on JP Fund Services.
The post Cromwell FX Market View The FED to be more data driven first appeared on trademakers.