Chris Butler

Inflation Continues to Quell Fed Cuts

By Chris Butler / 20 Feb 2024

Last week we saw the US inflation report come in higher than expected. YoY dropped to 3.1% but it fell less than markets expected. The led the DXY Index to new 3-month highs and push lower yielding currencies like Yen to new lows.
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Quiet week with volatility on the horizon

By Chris Butler / 13 Feb 2024

Last week was a quiet one as lack of further data coupled with the expectations of early rate cuts from the Fed diminishing. The Fed is currently holding rates with a March cut priced at 20% compared to 65% at the beginning of 2024.
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Fed to cut or not to cut

By Chris Butler / 06 Feb 2024

Last week the US Dollar claimed the title of strongest currency of the week as the markets priced in rate cut rationale began to dissipate. This was also coupled with a strong risk on week as equities continued their stella run.
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Fed Cuts Priced in Now

By Chris Butler / 30 Jan 2024

Last week the US Dollar gained slightly as we saw stiff resistance being met but the overall trend remains in place. Economic data was mixed including a stronger GDP number but softer CPE. The DXY gained a marginal 0.2% during the week.
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Reversal of Yields

By Chris Butler / 23 Jan 2024

Last week we saw a reversal of the previous week in Yields. Equities continue to remain strong as S&P reached new all-time highs, but bonds sold off.
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Yields Continue to Slip

By Chris Butler / 16 Jan 2024

So, with the first full week of 2024 we saw a similar theme. Yields continued to slide, and equities were strong. US Data continued to beat expectations but overall, the week for FX ended reasonably unchanged…
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Happy New Year

By Chris Butler / 09 Jan 2024

So, 2024 has arrived and we hope everyone had a fantastic Christmas break. Last week saw the markets still in semi holiday mode…
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Dollar Regains Strength

By Chris Butler / 13 Dec 2023

Last week we expected US Yields to be the focus but, in the end, it was commodities. With Friday also being US Payrolls the beat that we saw Yields creep, but commodities sold off. The Dollar finally had a positive week. The DXY gained 0.8% to close just below 104 as US economic data came in better than expected.
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Yields Move Lower

By Chris Butler / 06 Dec 2023

Last week continued the theme as Yields broke lower and Bond buying picked up pace. Dollar selling was the currency trade of the week.
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Yields Find Support

By Chris Butler / 29 Nov 2023

Last week was quieter than normal on the economic data side. The main focus remained Yields and the US Dollar. The Dollar was slightly lower on the week with the DXY down…
The post Yields Find Support first appeared on trademakers.