Quieter Week After Debt Ceiling. CPI & FED Now on The Radar

cromwell_weekly_mainimage_250523-1024x538-1-1-1.jpg

This post was originally published on Trademakers

Last week we had a quieter week after the volatility ahead of the debt ceiling agreement.

With much detail to digest the market looked towards the CPI and interest rate decisions coming up. The US Dollar traded lower through the week as the FOMC decision could be the last rate rise and thus ending the cycle. The DXY fell 0.5% to around the 103.55 level.

 

Euro data disappointed with GDP printing a negative number. The Euro lost 0.4% vs the US Dollar but fell against all other majors.

 

GBP continues to perform with the PMI remaining strong and the economy is showing a good level of strength. GBP continued its rise vs the EUR closing around the 0.854 level.

 

Commodity currencies had a great week as the USD retreated and risk on continued to move higher. Interest rate rises by the RBA and BoC propelled the pairs higher with CAD rising 0.6% and the AUD up over 2% vs the USD.

 

Oil is still having some incredible daily swings daily swings but is still stuck in a wide channel. Last week WTI fell 2% to close just above $70.

 

The week ahead has key economic data. We have the Fed leading the way along with CPI release which could adjust the decision making. A weak CPI will send the USD and yields lower but any shock to the upside will not be welcomed.

 

During the week we also have ECB and BoJ policy announcements along with GDP from the UK and New Zealand.

Weekly Majors Market Performance

cromwell_fx_marketview_140623

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 Quieter Week After Debt Ceiling. CPI & FED Now on The Radar first appeared on trademakers.

The post Quieter Week After Debt Ceiling. CPI & FED Now on The Radar first appeared on trademakers.

The post Quieter Week After Debt Ceiling. CPI & FED Now on The Radar first appeared on trademakers.

The post Quieter Week After Debt Ceiling. CPI & FED Now on The Radar first appeared on trademakers.

The post Quieter Week After Debt Ceiling. CPI & FED Now on The Radar first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

tm_market_view_2024-1024x538-1.jpg

Currencies More Subdued (Apart from Yen)

tm_market_view_2024-1024x538.jpg

Currencies More Subdued (Apart from Yen)

tm_market_view_2024-1024x538-1.jpg

BoJ Intervenes to Shore Up Yen

tm_market_view_2024-1024x538.jpg

BoJ Intervenes to Shore Up Yen

jpfs_3D_Bull_Bear_featured-1024x536.jpg

Preserving and Accumulating Wealth in the S&P 500

tm_market_view_2024-1024x538-1.jpg

Yen Collapse; FOMC in Focus

tm_market_view_2024-1024x538.jpg

Yen Collapse; FOMC in Focus

jpfs_3D_Bull_Bear_featured-1024x536.jpg

3D Bull & Bear Monthly Update – March 2024

jpfs_3D_Bull_Bear_featured-1024x536.jpg

3D Bull & Bear Monthly Update – February 2024

jpfs_multi_diversified_featured-1024x536.jpg

Multi Diversified FX Portfolio Performance – March 2024

jpfs_growth_diversified_featured-1024x536.jpg

Growth Diversified Portfolio Performance – March 2024

tm_market_view_2024-1024x538-1.jpg

Inflationary Pressure Resurfaces