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US Dollar Index reaches highest level since June 2002 ahead of the Fed
Be wary of a “Buy the rumor, sell the fact” trade in the US Dollar after the Fed’s decision later today.
US headline PPI as expected; Core PPI higher
The reaction to today’s PPI print was relatively muted compared to that of yesterday’s CPI print.
US CPI comes in hotter than expected! Is a 75bps rate hike locked in?
US August CPI came in hotter than expected, but the bigger surprise was the strength in the Core CPI reading.
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Two trades to watch: FTSE, EUR/USD
FTSE rises despite GDP growing less than expected. EUR/USD rises as USD corrects lower.
EUR/USD probes parity as ECB hikes by 75 basis points
The ECB said inflation remains far too high and is likely to stay above target for an extended period.
ECB interest rate rise: Supersize or jumbo?
ECB preview: The big question this month is not if the ECB will hike but whether it be by 50 or 75 basis points?
Two trades to watch: EUR/USD, FTSE
EUR/USD falls as energy fears rise. The FTSE drops ahead of the new PM announcement.
Two trades to watch: EUR/USD, Oil
EUR/USD rises ahead of EZ CPI, USD ADP payrolls. Oil rises but is set for another monthly decline.
DXY hits the brakes - will the Euro fly right by?
The initial reaction in the FX market was as expected yesterday after Fed Chair Powell’s hawkish remarks at Jackson Hole.
European Open: Parity (1.0000) acts like a magnet on EUR/USD ahead of EU and US data
The gravitational pull of parity remains in play ahead of key data sets this week on EUR/USD, where a clear divergence of data could see it break one way of the other.
Two trades to watch: EUR/USD, Oil
EUR/USD fails to regain parity, US durable goods orders up next. Oil extends gains after Saudi Arabia hints at output cuts & ahead of EIA data.
European and US PMIs weaker; EUR/USD remains near parity
With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point.
European Open: First daily close below parity for EUR/USD since 2002
Whilst EUR/USD flirted with the parity level in July, the anti-dollar saw a clear daily close beneath this key level yesterday for the first time in nearly 20-years.
Weak US CPI means EUR/USD 1.05 no longer unrealistic
The US inflation report lived up to expectations in terms of market impact!
EUR/USD eyes breakout as US manufacturing prices, construction spending tumble
Today’s US data is consistent with what the markets have been pricing in over the last few weeks: namely, peak inflation and falling economic activity.
US Advanced GDP for Q2 is negative; Is the US in a recession?
The textbook definition of a recession is 2 quarters of negative growth. However, many economists don’t abide by that rule.
Two trades to watch: EUR/USD, Barclays
EUR/USD rises post-Fed, with German inflation, US GDP in focus. Barclays is down after H1 profits fall.
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EUR/USD recovers on Ukraine-Russia deal ahead of busy week
Part of the reason why the EUR/USD recovered had nothing to do with the euro, but everything to do with the US dollar.
Two trades to watch: EUR/USD, FTSEMIB
EURUSD rises ahead of the ECB rate decision. Italy's FTSEMIB falls as Draghi looks set to resign.
European Open: EUR and DAX perk up ahead of ECB, UK CPI beats
UK inflation has continued to surge at a rate that a 50-bp hike now appears the more likely move at the BOE’s next meeting.
ECB Preview: Markets bet on 50 bp hike
There is a level of uncertainty in terms of whether it will be 25 or 50 basis point rate hike.
Two trades to watch: GBP/USD, EUR/USD
GBP/USD rises as the jobs market boom continues. EUR/USD rises over 1.0150 ahead of CPI data.
EUR/USD falls below parity. What now?
The next directional move in EUR/USD may depend on the outcome of the central bank meetings later in July.