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Cromwell FX
Last week was dominated by the continued talk over the debt ceiling and how to break the current impasse. However, Friday we began to see signs that an agreement was close and the market moved to add risk.
The post USD Debt Ceiling Agreement Close first appeared on trademakers.
Last week all eyes were on the Greenback and if it could continue its strong run. The week ended with just that although it did give up some gains by later in the week.
The post USD Momentum Slows as Debt Ceiling Talks Continue first appeared on trademakers.
Last week we had BoE interest rate decision which unsurprisingly moved 25bps higher and continued to deliver a mildly hawkish tone. The main theme was the strong dollar which gained against all major currencies.
The post USD Strong All Week & Debt Ceiling Worries Creep In first appeared on trademakers.
Last week we had key interest rate announcements from both the Fed and ECB. Whilst we saw both raise rates by 25bps it would seem the ECB are looking to continue to raise while the Fed may have reached the end of its cycle.
The post Fed to end cycle first appeared on trademakers.
Last week the markets began looking at the real possibility of Stagflation. US GDP disappointed and with key central banks announcements upcoming the DXY index was a little lower at 101.6.
The post Stagflation? first appeared on trademakers.
The latest performance updates for Cromwell FX – a systematic foreign exchange trading program, based on 22 currency pairs, traded on a 24-hour basis.
The post Cromwell FX – April 2023 first appeared on trademakers.
Last week the markets struggled to make any directional moves. Compared to the rest of 2023 so far this was a quiet week. With further weakening in global economic data this could well point towards…
The post Markets Struggle for Direction first appeared on trademakers.
Last week had the US CPI and PPI releases which would give guidance to how the Fed may react in the coming weeks. The CPI showed further inflation slowdown and the PPI also surprised on the lower side.
The post Are We Reaching Pivot? first appeared on trademakers.
Last week was a busy week but with the long Easter break the week ended more subdued. An unexpected oil production cut from OPEC+ which spiked oil price. The week ended with Non -Farm Payrolls which came inline so now the market will be looking towards the Fed and if the tightening cycle has come to an end.
The post Long Weekend Leave Markets Subdued first appeared on trademakers.
Last week was quieter than expected. Initial fears of a full-blown banking crisis seemed to subside with Deutsche bank and US regional bank contagion fears all but gone for now. The US Dollar had a relatively quiet week with month / quarter end flows dominating.
The post Banking Fears Subside first appeared on trademakers.