Cromwell FX Market View Dollar Continues Its Dominance; Risk Assets Fall

cromwell_weekly_030522.png

This post was originally published on Trademakers

courtesy of trademakers

The US Dollar ended the week  the strongest, having the best week since 2015 and with Dollar index hitting a two-decade high. The index moved to 103.92 its highest since 2002 as expectations of aggressive rate hike by the Fed in June.

The Euro although performed better earlier in the week as Macron won a further term as President soon returned to form and fell back vs the US Dollar into a tight range. Eurozone CPI registered 7.5% and the market is looking to the ECB to turn hawkish and try to fight inflation.

GBP continued its weakness falling over 2% last week. The economy remains fragile and expectations are the BoE will raise interest rates by 25bps this week.

As expected though it was the commodity currencies that fared the worst vs the strong Dollar. The Canadian Dollar was the best of these falling 1.2% but both Aussie and Kiwi were the worst performers falling around 2.5%

CAD found some support as Oil returned to its winning ways after a couple of tentative weeks. Last week the WTI rallied 2.4% to close at $104.13

The week ahead sees a busy week with the FOMC announcement which is expected to raise rates by 50bp. While any surprises on that are unexpected it will be the outlook and talk of further policy action 75bps in June ? We also have the BoE decision as well as closing the week the Non Farm Payrolls.

Weekly Majors Market Performance

cromwell_weekly_030522

What is Cromwell FX?

Cromwell FX is a quantitative FX manager offering superior risk adjusted returns. The portfolio is the most liquid pairs . The strategy is fully automated and adhere to strict rick management procedures to control leverage and position limits.

The post

Cromwell FX Market View

Dollar Continues Its Dominance; Risk Assets Fall

appeared first on JP Fund Services.

The post Cromwell FX Market View Dollar Continues Its Dominance; Risk Assets Fall first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

trademakers_marketview_130923-1024x538.jpg

Central Banks Back in Focus

trademakers_marketview_130923-1024x538.jpg

US Dollar Remains in Control

cromwell_weekly_mainimage_090823-1024x538.jpg

Mixed Data and Mixed Signals

cromwell_weekly_mainimage_090823-1024x538.jpg

Jackson Hole Weekend

cromwell_weekly_mainimage_090823-1024x538.jpg

US Dollar continues to rise along with China woes

cromwell_weekly_mainimage_090823-1024x538.jpg

US Dollar and Yields Rally

cromwell_weekly_mainimage_090823-1024x538.jpg

Central Banks Nearing Inflection Point?

sgt_partner_BCIF_070823

BCIF and SGT Markets Partner to Offer Unique Blue-Chip Crypto Investment Strategy

cromwell_weekly_mainimage_250523-1024x538.jpg

Fed and ECB Meet Expectations

cromwell_weekly_mainimage_250523-1024x538.jpg

Inflation Slowing and Fed on The Horizon

cromwell_weekly_mainimage_250523-1024x538.jpg

USD Weakness as Demand for Dollars Slow

cromwell_weekly_mainimage_250523-1024x538.jpg

Further Rate Rises on The Horizon