Financial Market Alerts
Canadian dollar analysis: BOC surprises with a hike, USD/CAD falls to trendline support
USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase
EUR/USD analysis: Cooler inflation fails to shift ECB hike bets
Investors’ focus now turns back to US data as speculation over whether the Fed will hike in June continues. Watch out for fresh EUR/USD analysis from the team as the data could shift Fed bets again.
Japanese yen analysis: USD/JPY testing key support at 134.00
Despite today’s weakness in the greenback, USD/JPY is still holding above a short-term bullish trend line, as well as its 50- and 200-day EMAs in the 134.00 area
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US dollar analysis: How sticky will core CPI be?
The Cleveland Fed’s widely-watched Inflation Nowcast suggests potential upside risk to the release...
US dollar analysis: Fed threads the needle, still sees no cuts
Powell appears to be threading the needle between leaving the door open for additional rate hikes while remaining responsive to the current banking stresses.
NZD/USD, AUD/NZD outlook: NZD pairs track headline inflation lower
New Zealander’s can breathe a sigh of relief that their rate of inflation is finally slowing, with both annual and quarterly CPI coming in much less than expected.
EUR/USD forecast: Traders eye 1.10 on softer US inflation data
The weaker US inflation data supports our bullish EURUSD forecast: We think that the single currency is likely heading above $1.10 soon.
Australia's softer inflation could see the RBA hold rates next week
AUD pairs are broadly lower as inflation falls to 6.8% y/y (7.1% expected), bolstering expectations that the RBA will hold rates at their April meeting.
A guide to the banking crisis: What happened and what comes next?
Markets have been rocked by the biggest banking crisis since the 2008 financial crash.
BoE lifts interest rates to highest since 2008
A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday
GBP/JPY extends recovery as hot CPI boosts BoE hike odds
The GBP/JPY has been supported by a double dose of bullish factors this week.
European Open: UK inflation up next, then focus shifts to the FOMC meeting
Today’s UK inflation print could be the difference between a final 25bp hike from the BOE tomorrow, or a pause. Then our attention turns to the FOMC meeting.
Fed meeting preview: Dollar Index at 1-month lows ahead of tight decision
We agree with the market’s expectation that Jerome Powell and company are likely to deliver a 25bps interest rate hike this month, though we certainly wouldn’t be shocked to see the central bank hold fire for now.
US CPI recap: GBP/USD holds above 200-day EMA as inflation meets expectations
The report printed in line with expectations at 6.0% y/y, the smallest annualized gain since September 2021
SVB collapse explained: What happened and what comes next?
How did SVB collapse and what does it mean for financial markets?
US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
Canada Q4 GDP worse than expected, but January starting on the right foot
The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.
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EUR/USD: Rally potential after hot Spanish and French CPI readings
The ECB had already planned a half-point rate move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control.
Traders to get another inflation fix ahead of the weekend
Markets cannot get enough of US inflation data at present and what it means for the Fed. And that means today’s PCE figures are now likely the more important.
EUR/USD and EUR/GBP in focus for eurozone CPI
Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.
European flash PMI’s and Canada inflation report in focus
CAD/JPY has piqued our interest ahead of today's economic data, which includes PMI's for Europe and the US and Canada's inflation and retail reports.
FOMC meeting recap: Powell not hawkish enough, traders price in 50bps of cuts by EOY
Fed Funds futures traders are pricing in a full 50bps of interest rate cuts by the end of the year!
AU inflation – a report to match Australia’s (hot) weather
There’s no escaping the fact that Australian inflation continues to point the wrong way for the RBA and consumers alike. And today’s report should quickly eradicate hopes of an RBA pause in February.