Chris Butler

Cromwell FX Market View Quiet Week with Thanksgiving Weekend

By Chris Butler / 29 Nov 2022

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.

Cromwell FX Market View Crypto Markets Head the Volatility

By Chris Butler / 22 Nov 2022

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.

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

By Chris Butler / 16 Nov 2022

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.

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

By Chris Butler / 09 Nov 2022

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.

Cromwell FX Market View All eyes on the upcoming Fed

By Chris Butler / 01 Nov 2022

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.

Cromwell FX Market View Truss Resigns BoJ Intervenes

By Chris Butler / 25 Oct 2022

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.

Cromwell FX Market View US CPI Pressures Risk Assets

By Chris Butler / 19 Oct 2022

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.

Cromwell FX Market View Strong Payrolls Spur USD Strength

By Chris Butler / 11 Oct 2022

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.

Cromwell FX Market View BOE Intervenes

By Chris Butler / 04 Oct 2022

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.

Cromwell FX Market View All Hail the King Dollar

By Chris Butler / 28 Sep 2022

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.