Fed Prepares to Pivot
In making his speech at Jackson Hole in August, Federal Reserve Chairman Jerome Powell told us that he had a narrower focus than in previous meetings. “The Federal Open Market
FX Daily: US Dollar approaching support levels
FX markets are becalmed by holiday trading conditions in the US and a very light data calendar. A further unwinding of long dollar positioning remains the risk, but we think
UK retail sales rise but stores could face difficult Christmas
Retailers could face a tough Christmas this year as the soaring cost of living hits households, analysts have warned. Retail sales rose 0.6% in October, latest figures show, but this
CFTC Commissioner Mersinger says the time has come for action on crypto regulation
United States Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation may have arrived. Speaking at the Texas Blockchain Summit on Nov.
Week Ahead – Fed minutes, RBNZ decision, and business surveys on tap
Another busy week is coming up for FX markets, featuring the minutes of the latest FOMC meeting and a rate decision in New Zealand that investors are split on. Most
Euro Price Forecast: ECB Ponders QT vs Rate Hikes, EUR/USD Unmoved
The current situation within the eurozone has not changed much with geopolitical tensions remaining giving rise to the energy threats that seem to ebb and flow periodically. That’s being said,
China’s Xi, out of COVID bubble, faces changed world at G-20
After a lengthy absence from major international gatherings, Chinese leader Xi Jinping is leaving his country’s COVID-19 bubble and venturing abroad next week into a dramatically changed world marked by
The Crypto Financial Crisis
A commercial bank has two primary functions—to manage consumer deposits and to create credit. The first function is at its core just the simple management and accounting stuff—getting cash from Week Ahead – Spotlight turns to pound and non-US data after US dollar bruising
After another US inflation surprise, CPI data will be dominating the agenda in most other markets in the coming week, shifting the focus away somewhat from the greenback. The pound