USD Downside RisksToday’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations...
GBPJPY Correction Offers Bullish Opportunities
UK Data in FocusGBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with...
GBP Higher On Fresh Wage-Growth Increase
Wages Rise AgainGBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was...
Daily Market Outlook, July 11, 2023
Daily Market Outlook, July 11, 2023Munnelly’s Market Commentary… Asian equity markets experienced positive performance, driven by modest gains on Wall Street. Cyclicals benefited from promising...
Weak Start For GBP Following Bailey Comments
Bailey Notes BOE FlexibilityGBP is starting the week under a bit of pressure following comments from BOE governor Bailey yesterday. Speaking at a conference in France, Bailey noted that the BOE would...
Daily Market Outlook, July 10, 2023
Daily Market Outlook, July 10, 2023Munnelly’s Market Commentary… Asian equity markets showed a positive start to the week, although gains were limited due to investors digesting softer-than-expected...
Modest US Payrolls Spur Dollar Sell-Off but CPI may Come to the Rescue
Until the NFP release last Friday, the US fundamental backdrop was quite favorable for the dollar and equities. ADP reported around 500,000 new jobs, and the ISM services activity index comfortably...
USDCHF H4 | Potential bullish reversal
TitleUSDCHF H4 | Potential bullish reversalTypeBullish BouncePreference:Price is falling towards the pivot point of 0.89266 and could potentially reverse from here; we could see momentum carry price...
NFP Reports Surprises on the Downside but all Eyes are on the Wage Growth
The US fixed income market remains under pressure as Treasury bond yields break key resistance levels on US data surprises. On Thursday, the data from ADP and ISM surprised on the upside, once again...
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