Sweden leads the way as interest rate divergence between the EU and the USA becomes reality
Chris CammackMay 9, 2024 12:55 PM
The good news is the expectations of divergence in rates have brought renewed volatility and volume to the Forex markets.
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Chris CammackMay 9, 2024 12:55 PM
The good news is the expectations of divergence in rates have brought renewed volatility and volume to the Forex markets.
Chris CammackMay 2, 2024 03:22 PM
But it does seem like the BoJ has drawn a line in the sand, so JPY bears are cautious and for good reason.
Chris CammackApril 25, 2024 02:52 PM
As long as retail, governmental, and institutional investors remain wary of riskier assets, we can expect gold prices to remain elevated.
Chris CammackApril 18, 2024 02:51 PM
However, with so many central banks expressing concerns over the dollar's strength, many market players seem to be in profit-taking mode, which has seen the DXY stall at 105.97.
Chris CammackMarch 14, 2024 03:15 PM
OPEC forecasts that 2024 will see overall demand increase by 2.2 million barrels per day, with a 1.8-million-barrel increase in 2025.
Chris CammackFebruary 22, 2024 04:31 PM
Any moves above the 1.0860 level could see the 1.0900 psychological level come into focus, and beyond that, traders will be eyeing the 1.0950 level.
Chris CammackFebruary 15, 2024 02:29 PM
Optimism abounds and concerns over scandal and fraud are fading, but traders need to be aware that cryptocurrencies are extremely volatile and almost completely reliant on trader sentiment for price changes.
Chris CammackFebruary 1, 2024 03:50 PM
Chris CammackJanuary 25, 2024 03:12 PM
A raft of other US economic data released at the same time were more mixed. Initial and continuing jobless claims both increased, and inflation for final prices of goods and services came in much lower than expected.
Chris CammackJanuary 11, 2024 04:01 PM
Markets are still expecting/hoping for a cut in interest rates in March, though with the CBE Fedwatch tool showing a 65% probability this is still very uncertain.
Chris CammackJanuary 5, 2024 02:16 PM
CPI data will be released on Thursday and any increase in inflation will only further increase the possibility of a hawkish policy response.
Chris CammackNovember 23, 2023 04:07 PM
Although Thanksgiving may have played a role in subduing the bears on the back of the Eurozone PMI data, chances of a decline look unlikely.
Chris CammackSeptember 28, 2023 05:57 PM
The GBP is trading at a 6-month low against the USD and the EUR following the Bank of England’s decision to hold interest rates steady at 5.25% on Tuesday, 26th September.
Chris CammackSeptember 8, 2023 06:13 AM
Geopolitical consequences aside, the extension of the cuts raises questions for central banks in their efforts to tackle inflation, the US Federal Reserve in particular.
Chris CammackAugust 28, 2023 06:40 AM
The cryptocurrency industry has rolled from crisis to crisis for almost a year now. With multiple pivotal events approaching that will define the future of the asset class, what could be in store for the market?
Chris CammackAugust 18, 2023 11:01 AM
Robust US data has made it difficult for the EUR/USD to recover. Having tested the 1.0900 psychological support handle and dropped below it, it looks like it will now test new support around the 1.08500 level.
Alison HeyerdahlAugust 10, 2023 11:06 AM
Gold price appears to have reached a new monthly low of $1,916 and seems prone to further declines. Having consistently stayed beneath both the 20 (yellow) and 50-day (purple) Exponential Moving Averages (EMAs), gold is now trending towards the 200-day EMA (pink) set at $1,904.00.
Chris CammackAugust 4, 2023 11:12 AM
In a surprise aftermarket move on Tuesday, August 1st 2023, Fitch – one of the major debt rating agencies – downgraded US government debt to AA+ from AAA. There is precedent here, with S&P downgrading US debt to AA+ in 2011, a rating that has remained unchanged ever since.
Chris CammackJuly 20, 2023 11:24 AM
For now, things are quiet. But as with all ranging currency pairs, things look more interesting from a technical standpoint.
Chris CammackJuly 13, 2023 11:33 AM
The DXY Dollar Index finished the day down -1.08%, its largest fall since January. The Dow jumped over 200 points before correcting later in the day.
Chris CammackJuly 6, 2023 12:51 PM
With a July interest rate rise now all but locked in for the US, we can expect a continued upside bias for the USD vs other major currencies.
Chris CammackJune 30, 2023 12:46 PM
At the ECB Forum on Central Banking in Sintra, Portugal, central bank leaders were unequivocal on the need for further monetary tightening. The DXY surged with the EUR/USD and GBP/USD hit particularly hard.
Chris CammackJune 19, 2023 12:24 PM
Inflation is expected to remain high in the UK, diverging from the Eurozone and USA, where inflation is falling rapidly. UK interest rates will continue to rise as a result, supporting the GBP in the medium term.
Chris CammackJune 15, 2023 12:19 PM
The EUR bulls are back in control of the EUR/USD, and it is clear that the markets do not believe that the Fed is going to continue hiking interest rates in the medium term, despite the hawkish rhetoric.
Chris CammackJune 12, 2023 12:15 PM
The current probability of a rate rise by the Fed is between 20-30%, so if there is a surprise increase, the EUR/USD will be hit hard and the DXY will make major gains.
Chris CammackJune 5, 2023 12:12 PM
The EUR/USD rebounded above 1.07 on the news, and the DXY was broadly lower – erasing any session gains.
Chris CammackMay 31, 2023 12:11 PM
Weakness in the USD was short-lived due to better-than-expected inflation data from the Eurozone and the debt ceiling talks in the US.
Chris CammackMay 29, 2023 12:07 PM
With the US default looking less likely, traders are pulling out of the USD and beginning to look further ahead.
Chris CammackMay 25, 2023 12:05 PM
The implications of a US default for global financial markets, including the EUR/USD, are generating attention, particularly considering the US dollar's haven status.
Chris CammackMay 3, 2023 12:00 PM
As expected, today's FOMC meeting resulted in a 25-basis point hike in interest rates. The market´s response was subdued; this hike had been priced in for some time.
Chris CammackApril 12, 2023 11:50 AM
Chris CammackApril 5, 2023 11:48 AM
Chris from the podcast Let's Talk Forex with Alison and Chris shares his latest analysis of the effects of the weak US jobs data ahead of Friday's NFP report.
Alison HeyerdahlApril 5, 2023 11:47 AM
Fears for the US economy continue to grow, with job openings falling and a less-than-expected increase in private employment. But the USD has remained resilient.
Chris CammackMarch 30, 2023 11:45 AM
Chris from the podcast Let's Talk Forex with Alison and Chris shares his latest analysis of the effects of German inflation figures on the EUR/USD
Chris CammackMarch 29, 2023 11:42 AM
Following the market chaos over the last two weeks, a relative calm has beset the markets. But the outlook for the USD remains uncertain as markets focus on monetary policy divergence in Europe and the US.
Chris CammackMarch 24, 2023 11:40 AM
Chris from the podcast Let's Talk Forex with Alison and Chris shares his latest analysis of the effects of the Fed's March interest rate hike.
Chris CammackMarch 15, 2023 10:15 AM
Last week’s spectacular collapse of Silicon Valley Bank (SVB), closely followed by Signature Bank, has spooked the markets, raised the spectre of a bank run in the US and opened a Pandora’s Box of pressing questions and concerns.
Chris CammackFebruary 16, 2023 06:34 AM
Recent data releases in the US have surprised investors, with US economic growth remaining stubbornly resilient in the face of repeated interest rate increases by the Fed. But what does this mean for the markets in the mid-term?
Chris CammackDecember 7, 2022 10:01 AM
Predicting the DXY: Winter 22/23 Edition
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