Cromwell FX Market View ECB Surprise

cromwell_weekly_270722-1536x826-1.png

This post was originally published on Trademakers

courtesy of trademakers

Last week saw the US Dollar finally move lower after several strong weeks. With inflation remaining high and mixed economic data markets saw no clear path for accelerated tightening by the Fed in the upcoming meeting.

 

Euro moved higher and away from parity as the ECB surprised the market with a 50bps rate hike. The market was expecting a 25bps but the initial gains were soon lost as the press conference gave more questions than answers in terms of guidance going forward.

 

GBP gained as both Inflation PMI numbers beat expectations. The GBP saw a 1% rally but the currency still remains very fragile.

 

Stocks at last had a positive week and took risk currencies with it. NZD and AUD were the best performers on the week as correlation to stocks remains tight.

 

Oil prices continued to fall. Oil has lost nearly 25% from the June highs. WTI lost 2.5% to close around $95.

 

The week ahead will be dominated but the US and Federal Reserve with the markets looking to understand where the rate hike cycle ends…

Weekly Majors Market Performance

cromwell_weekly_270722

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

ECB Surprise

appeared first on JP Fund Services.

The post Cromwell FX Market View ECB Surprise first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

bmams_cautionary-tales-of-poor-risk-management-no2-the-demise-of-bearings-bank-1024x538.jpg

Cautionary Tales of Poor Risk Management – No.2 The Demise of Bearings Bank

cromwell_weekly_mainimage_250523-1024x538.jpg

USD Debt Ceiling Agreement Close

cromwell_weekly_mainimage_250523-1024x538.jpg

USD Momentum Slows as Debt Ceiling Talks Continue

bmams_cautionary-tales-of-poor-risk-management-no1-the-collapse-of-ltcm-1024x538.jpg

Cautionary Tales of Poor Risk Management – No.1 The Collapse of LTCM

bmams_data-mining-shapes-the-new-age-of-trading-1024x538.jpg

Data Mining Shapes the New Age of Trading

cromwell_weekly_mainimage_170523-1024x538.jpg

USD Strong All Week & Debt Ceiling Worries Creep In

invest-in-europes-largest-green-hydrogen-plant

Invest in Europe’s largest green liquid hydrogen plant

bmams_blogpost_024-1024x538.jpg

Navigating Market Uncertainties Through Probabilistic Thinking

cromwell_weekly_mainimage_100523-copy-1024x538.jpg

Fed to end cycle

bmams_blogpost_023_main-1024x538.jpg

The Minimax Mindset for Conquering a Sophisticated Market

cromwell_weekly_mainimage_030523-1024x538.jpg

Stagflation?

cromwell_monthlyupdate-1024x538.jpg

Cromwell FX – April 2023