Fundamental Overview The US Dollar got a bit of a boost yesterday as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40%. Moreover, overnight the BoJ Summary of Opinions showed […]

Fundamental Overview The USDJPY pair eventually erased the entire drop following the more dovish than expected Powell’s speech at the Jackson Hole Symposium. The focus is now on the key data this week with the ISM Manufacturing PMI and the NFP reports in the spotlight. The market is waiting for the key economic releases this […]

Fundamental Overview The USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be positive for risk sentiment for the time […]

Yesterday, the US CPI report missed expectations across the board and led to a big selloff in the US Dollar. The market pricing for a 25 bps hike at the July meeting hasn’t change though as the labour market tightness and no hints of a skip or pause from the Fed speakers probably contributed to […]