Tag: Forex

By John Hardy, Head of FX Strategy at Saxo Sterling has traded slightly lower despite a massive shock higher in UK short rates on the back of a...

• Pound headed back towards $1.20 as speculation intensified that the PM would resign. • Weakness to sterling remains as new leader is sought and...

The worry winding through financial markets is that hunting down rampant inflation too aggressively could squeeze life out of the US economy, particularly as...

The US Dollar ended the week  the strongest, having the best week since 2015 and with Dollar index hitting a two-decade high. The index moved to 103.92 its highest since 2002 as expectations of aggressive rate hike by the Fed in June. The Euro although performed better earlier in the week as Macron won a… The post Cromwell FX Market View Dollar Continues Its Dominance; Risk Assets Fall appeared first on JP Fund Services.

The US Dollar was the overall winner last week making impressive gains across the board. A further firming of yields and speculation of further Fed tightening propelled the USD.  The market is now expecting a 50bps rate hike in May and could end the year between 2.5% and 3.5% depending on incoming data and developments… The post Cromwell FX Market View Big Gains for the US Dollar appeared first on JP Fund Services.

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Last weeks rising yields continued. This led to a week of further downward pressure in bonds and interest rate rises. The Box and RBNZ both moved 50bps higher which caused risk assets to move lower.   The shortened week for the 4 day easter holiday saw the US Dollar grind higher. The flight from risk… The post Cromwell FX Market View US Dollar Grinds Higher appeared first on JP Fund Services.

The week started as the following had ended. Markets were relatively quiet. The war in Ukraine had continued to ebb away from headlines and the markets were able to begin to focus on other factors.   The US Dollar ended the week the strongest despite the mixed start. The markets waited until the Fed minutes… The post Cromwell FX Market View Sleepy Start, Explosive End appeared first on JP Fund Services.

AMarkets, the award-winning trading brokerage, is now allowing mobile trading. The AMarkets trading app is available on the App Store and Google Play. Unlike...

The week was quieter on many fronts. The continued war in Ukraine has now seems to have completely stalled for the Russians. The announcement of a more focused approach on the Donbas region seemed to indicate that a move for total control over the control had failed. Continued talks did not prove to garner any… The post Cromwell FX Market View Quieter Week – But Eye of The Storm? appeared first on JP Fund Services.

Tesla is the 2nd fastest American company to hit the $1T market cap. StockApps.com has presented data showing that the firm took 11 years...

• Signs of positivity in the US after yesterday’s Ukraine / Russia talks. • S&P 500 closed up 1.2%, the Dow Jones rose just under...

The war in Ukraine seemed to move from the spotlight as any developments continued to stall the main themes for the week was the continuing rising yields.   The Yen was the biggest loser as global yields surged except the JGB. The BoJ has clearly put a cap on 10-year yields and the resulting widening… The post Cromwell FX Market View Rising Yields a Cause for Concern appeared first on JP Fund Services.

The week saw the current war in Ukraine stall. With this we saw the Euro gain slight momentum   GBP gained as the BoE again raised rates by 25bps. However this was not enough for the currency to gain any real upside momentum. The market had eyed a potential 50bps rise and with less than… The post Cromwell FX Market View War Stalls and Fed Hikes appeared first on JP Fund Services.

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… The post Cromwell FX Market View Markets Remain Stable Ahead of Fed appeared first on JP Fund Services.

Another volatile week as Central Bank hawkishness came to the fore. Traders had seen the Fed being Hawkish for sometime but last week was the turn of the BoE and ECB.   The ECB acknowledged inflation is not transitory and their comments moved in a far more hawkish direction. President Christine Lagarde declined to repeat… The post Cromwell FX Market View Copy of Surprise Hawkish ECB appeared first on JP Fund Services.

The week was once again dominated by the continued invasion in Ukraine. Euro was the worse performer of the week as the attack on the Zaporizhzhia nuclear power station brought the real issues of the conflict into focus.   The war in Ukraine has generated two clear effects in FX markets: The European currencies most… The post Cromwell FX Market View War Continues to Take Its Toll appeared first on JP Fund Services.

The week was dominated by the build up of forces and eventual invasion of Ukraine. Though not unexpected by the markets the actual event still took them by surprise.   Risk assets initially tumbled on Thursday as reports of the invasion broke but by late on Thursday staged a complete comeback and had turned positive… The post Cromwell FX Market View Putin’s War Begins appeared first on JP Fund Services.