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The US dollar remains at risk of positioning-led corrections, but so far macro data and Fed communication have not offered any USD-negative catalyst. Yesterday, Fed Chair Powell emphasised the...
Markets were quick to buy US Dollar after a minor correction as US CPI was released yesterday. This move might reflect expectations for the coming year, as a USD-positive policy mix under Trump is...
So far this week, the FX markets have continued to head in the same direction of dollar strength following last week’s US election results. The dollar is strengthening amid expectations for a higher...
EUR/USD faces downward pressure with a break below 1.06 potentially signaling new lows for the year. US inflation data could provide the US dollar with more momentum, weighing on the euro. Key...
As the dust settles after last week’s US election results, global markets are settling into core trades of a firmer US dollar, higher US equities and higher terminal rate from the Fed. Importantly in...
If anyone was expecting the US election result and UK budget to significantly impact the Fed and BoE policy message, they were let down by two consensus 25bp cuts and rather balanced guidance. In FX,...
We are revising our EUR/USD forecast lower following the Republican clean sweep. We assume that Trump will go ahead with both tax cuts and protectionism, with the latter triggering a dovish ECB...
The EUR/USD is feeling the effects of a holding pattern in financial markets, as traders remain hesitant to commit to specific positions. With an exceptionally tight US presidential race, many are...
Within 24 hours we may or may not know the identity of the 47th president of the United States, but FX options markets have priced in a respectful level of exceptionally high volatility over the...
USD Trump trades are front of mind this morning, with election day set for tomorrow and several notable polls released over the weekend. Specifically, high-quality polls from NYT/Siena surveying all...
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