This week saw a calm slowly return to stock markets as severe banking contagion fears slowly faded. The Federal Reserve took charge of proceedings on Wednesday and reassured US investors…
This week was a roller-coaster. Monday was a fear fuelled drop for global stocks as worries about contagion from the Silicon Valley Bank (SVB) crisis circulated. Tuesday saw a turnaround…
This week was all about a further jump in expectations of higher US interest rates. However, the drop in the US ISM Manufacturing print was a firm reminder that the…
The Fed’s path of policy rates remains a key focus for risk markets this week. The FOMC minutes did not contain any surprises and all eyes will remain on incoming…
This week US CPI was in major focus as investors tried to speculate on what it would mean around the pace and extent of US rate hikes. The print doesn’t…
The market has been trying to digest last week’s stunning NFP jobs report and all eyes were firmly fixed on Powell’s speech this Tuesday. Powell maintained his encouragement around the…
The Fed did a quick u-turn from December’s dot plot with Powell open to lower rates should the data dictate a lower terminal rate was needed. The Fed saw disinflationary…
This week saw the BoJ resisting market pressure to adjust its ultra-loose monetary policy. However, how long can the BoJ keep up this policy? Expect the markets to test their…
This week started with a continuation of USD weakness on the expectations that headline and core US inflation would be falling lower. Thursday’s US CPI print was as expected, but…
This week started with USD strength, which is common around the start of the year from a seasonal perspective but focus quickly shifted to incoming US Data. The US ISM…