Cromwell FX Market View Dollar Remain Strong; Euro Looks Vulnerable

cromwell_weekly_180522-1536x837-1.png

This post was originally published on Trademakers

courtesy of trademakers

Last week saw huge volatility in most markets. Crypto was probably the most wild as some lost their entire value. In the short term we saw some stabilisation towards the end of the week. Yen ended the best performer vs the USD helped by risk aversion and a retracement in treasury yields.

The US Dollar was still the go to currency with he Dollar index rising 0.8% to 104.465. Fed funds are pricing in a 50bps rise in June and a 86% chance of another 50bps taking rates up to 2%.

the Euro was the worst performer. A continued dovish tome from the ECB is not helping the single currency coupled with continued weak economic data. The Euro fell 1.3% to 1.0408. GBP is also very vulnerable. UK Data continues to disappoint and Brexit issues are resurfacing. With little good news GBP remains on the back foot.

Commodity currencies also suffered. CAD remained flat against the US as Oil prices rose from the lows of the week to close at $110. AUD and NZD both suffered as risk off in equities led to a sell off in risk currencies.

The week ahead could see a continuation of USD strength. We also have inflation data from UK, EU and Canada.

Weekly Majors Market Performance

cromwell_weekly_180522

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 Remain Strong; Euro Looks Vulnerable

appeared first on JP Fund Services.

The post Cromwell FX Market View Dollar Remain Strong; Euro Looks Vulnerable first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

trademakers_marketview_130923-1024x538.jpg

Inflation Continues to Quell Fed Cuts

trademakers_marketview_130923-1024x538.jpg

Quiet week with volatility on the horizon

trademakers_marketview_130923-1024x538.jpg

Fed to cut or not to cut

trademakers_marketview_130923-1024x538.jpg

Fed Cuts Priced in Now

trademakers_marketview_130923-1024x538.jpg

Reversal of Yields

trademakers_marketview_130923-1024x538.jpg

Yields Continue to Slip

trademakers_marketview_130923-1024x538.jpg

Happy New Year

trademakers_marketview_130923-1024x538.jpg

Dollar Regains Strength

trademakers_marketview_130923-1024x538.jpg

Yields Move Lower

trademakers_marketview_130923-1024x538.jpg

Yields Find Support

trademakers_marketview_130923-1024x538.jpg

Rate Cuts on The Horizon

trademakers_marketview_130923-1024x538.jpg

Risk Assets Rally Continue