Cromwell FX Market View Markets Remain Stable Ahead of Fed

cromwell_weekly_24_160322.png

This post was originally published on Trademakers

courtesy of trademakers

The week saw some level of stabilisation after the previous 2 weeks of roller coaster markets. Ukraine continued to dominate the headlines but with no further escalation the markets sought to remain calmer than previous weeks.

 

The USD which had seen safe haven status over the last 2 weeks gave up some ground to those worst hit since the Russian invasion.

 

The Euro looked to bounce back from it’s lows but failed to break out of the mid 1.10 range as the market seemed to be capped.

 

The move in USDJPY higher seemed to point to a more prolonged USD rally and sell of in Yen ahead. Oil finally saw some selling pressure as talks between Ukraine and Russia pointed towards some progress. Oil closed at $109 a fall of 5%.

 

The week ahead sees the much anticipated FOMC policy announcement on Wednesday. The market still expects a 25bp rise and a continued tightening stance. We also see BoJ and BoE policy announcements but all of this could be overshadowed by events in Ukraine.

Weekly Majors Market Performance

cromwell_weekly_24_160322

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

Markets Remain Stable Ahead of Fed

appeared first on JP Fund Services.

The post Cromwell FX Market View Markets Remain Stable Ahead of Fed first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

jpfs_multi_diversified_featured-1024x536.jpg

Multi-Diversified FX (MDFX): May 2024 Performance

jpfs_growth_diversified_featured-1024x536.jpg

Growth Diversified Strategy (GDS): May 2024 Performance

tm_market_view_2024-1024x538.jpg

Rate Cuts Begin

tm_market_view_2024-1024x538-1.jpg

Rate Cuts Begin

jpfs_3D_Bull_Bear_featured-1024x536.jpg

3D Bull & Bear Monthly Update: May 2024

tm_market_view_2024-1024x538-1.jpg

Risk of sentiment mutes any positive moves

tm_market_view_2024-1024x538.jpg

Risk of sentiment mutes any positive moves

tm_market_view_2024-1024x538-1.jpg

Rate Cuts Looking Deferred

tm_market_view_2024-1024x538.jpg

Rate Cuts Looking Deferred

jpfs_3D_Bull_Bear_featured-1024x536.jpg

3D Bull & Bear Monthly Update: April 2024

tm_market_view_2024-1024x538-1.jpg

Risk-on continues its trend

tm_market_view_2024-1024x538.jpg

Risk-on continues its trend