Cromwell FX

Risk-on continues its trend

By Chris Butler / 22 May 2024

Last week we saw a return to a risk-on environment. The US Inflation report muted any calls for US interest rates to move higher leading to an equity rally and risk-on currency move.
The post Risk-on continues its trend first appeared on trademakers.

Currencies More Subdued (Apart from Yen)

By Chris Butler / 15 May 2024

Last week was a far more subdued week as market eyes were elsewhere. Global markets rallied pushing stocks to new highs in Europe and US markets posting substantial gains.
The post Currencies More Subdued (Apart from Yen) first appeared on trademakers.

BoJ Intervenes to Shore Up Yen

By Chris Butler / 07 May 2024

Last week we saw a reversal of the dollar strength which saw once again market expectations of 2 or more rate cuts in 2024 back on the table. With disappointing job numbers and a less hawkish than expected Powel the dollar tumbled away its gains and stock markets were buoyed.
The post BoJ Intervenes to Shore Up Yen first appeared on trademakers.

Yen Collapse; FOMC in Focus

By Chris Butler / 01 May 2024

Last week we saw the expected de-escalation in the Iran – Israel war and a risk on rally ensued. The Yen had sharp sell off. Firstly, the BoJ kept rates unchanged, and a dovish tone then compounded the fall closing the week through 158.
The post Yen Collapse; FOMC in Focus first appeared on trademakers.

Inflationary Pressure Resurfaces

By Chris Butler / 10 Apr 2024

Last week the US Dollar remained in a tight range as other geopolitical news took the fore. Oil prices surged along with metals such as Copper reigniting inflationary warning signs which could leave central banks powerless to reduce rates in the coming months.
The post Inflationary Pressure Resurfaces first appeared on trademakers.

Quiet Markets with a Shorter Week

By Chris Butler / 02 Apr 2024

Last week the markets failed to break out in any direction. With the shorter week for Easter and lack of economic data we ended the week broadly where we started. Dollar tried to continue its trajectory higher but failed to show any real move by the end of the week US Data came in mixed…
The post Quiet Markets with a Shorter Week first appeared on trademakers.

BOJ Made Its Move

By Chris Butler / 27 Mar 2024

Last week the market was data heavy with several Central Banks making their decisions. The BOJ finally made its move and lifted rates from negative territory for the first time in years. The main headline of course was the Fed which although kept rates unchanged the dovish tone came through.
The post BOJ Made Its Move first appeared on trademakers.

USD Reverse

By Chris Butler / 19 Mar 2024

Last week the dollar ended the week the strongest. This was in contrast to the previous week where we felt the trend had reached a turning point. Despite the reversal the Dollar remains well within the range pointing to the market waiting for Fed confirmation before the market makes its next move.
The post USD Reverse first appeared on trademakers.

Dollar Loss as Yen Rises

By Chris Butler / 12 Mar 2024

Last week we finally saw a change from the trend as Dollar was the weeks worst performer. A cooling US job market and Powell signalling a June rate cut sent the US Dollar tumbling. during his semi-annual statement he hinted that the Fed is not far from the point of comfort to ease monetary policy.
The post Dollar Loss as Yen Rises first appeared on trademakers.

Trend Continuation for the Week

By Chris Butler / 08 Mar 2024

Last week we saw a continuation of the previous few weeks especially in equities as they moved to new highs. The FX market has lost focus recently as eyes are on other areas of the market. Equities are rallying and Crypto has awoken with a bang.
The post Trend Continuation for the Week first appeared on trademakers.