Cromwell FX Market View Euro selloff to continue? Fed and BOE meet

cromwell_weekly_07_031121.png

This post was originally published on Trademakers

courtesy of trademakers

The Euro ended the week as one of the worst performers as the post ECB rally faded. Markets see the Eurozone lagging other major central banks in reducing their stimulus plans and raising interest rates.

Australian Dollar ended the week the strongest of the major pairs as the RBA stopped defending the yield curve and the New Zealand dollar rose on potential further RBNZ rate hikes.

The BoC decision to taper its QE program and look to a rate rise around mid 2022 was well received but gains in the currency were limited as oil prices retreated into month end.

The week ahead has a large amount of data. FOMC policy announcement is expected to see the timeline to taper QE through mid 2022 setting the stage for rates hikes to follow in 2H 2022. The BOE will announce its interest rate decision Thursday also announcing the timeline and value of its QE strategy with the market pricing in a 15bps.

Friday US payrolls will be a look into future Fed decisions. Expectations of +450-500k is enough to keep the Fed on track to announce tapering in November.

Weekly Majors Market Performance

cromwell_weekly_07_031121

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

Euro selloff to continue? Fed and BOE meet

appeared first on JP Fund Services.

The post Cromwell FX Market View Euro selloff to continue? Fed and BOE meet first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

tm_market_view_2024-1024x538.jpg

FX Volatility Lower For The Week

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