Yearly Archives: 2022

Headlines *White House Press Secretary said US CPI expected to be “highly elevated” *Focus on EUR/USD parity as dollar remains firm at best levels in two decades *Crude pressured by strong greenback, negative risk tone, China Covid woes *APAC stocks mostly negative after weak performance across the globe USD moved higher against most of its […]

Probably the biggest risk event on the calendar lands on Wednesday in the shape of the US CPI data. Inflation was expected to peak back in March, after the widely watched index eased for the first time in eight months in April to 8.3%. But the rate of price increases is forecast to have pushed […]

The greenback advanced higher over 2% this week as the recent upside pressure on a technical basis proved too much. Concerns that the global economy is sleepwalking into a recession as interest rates are front-loaded and poised to go higher have been pushing nervy investors into the safety of the world’s reserve currency. The escalating […]

Headlines *US headline NFP prints at 372k versus 268k, unemployment and wages in line *Dollar jumps as market odds of 75bp July Fed hike rise to 93% *Oil heads for a weekly loss as recession fears trump tight supply *Canada job number declines but unemployment rate drops to 4.9% USD made new cycle highs at […]

Headlines *Chipmakers revive stocks as euro struggles after freefall *Sterling rises after reports PM Johnson will resign amid political chaos *Crude fluctuates either side of $100 on tight supplies and demand worries *US ISM services eased less than expected, activity subindices suggest decent growth USD advanced to multi-year highs again, posting a top at 107.26. […]

Headlines *Euro hits fresh two-decade low on concerns over energy prices *Fed minutes could bolster bets for 75bp rate hike in July *Crude is firmer after yesterday’s selloff, but recovery is limited *German industrial orders grow slightly in May, reversing trend USD is pushing to new multi-decade highs today. DXY has traded just above 107 […]