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The Federal Reserve’s (Fed) dot plot plotted one rate cut for 2024, down from three in March and the Fed revised its inflation forecasts higher. But the Fed’s announcement didn’t get more hawkish than this because the distribution of the dots was much narrower than in March; 7 members plotted a one-cut preference while 8 […]

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US CPI Lower Than Expected, While FOMC Signals Only One Rate Cut in 2024

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EUR/USD: Remains Constructive Despite More Hawkish Than Expected Powell

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28/05/2024

EUR/CHF Technical: Potential Bullish Impulsive Moves Resume

The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. The forward guidance by ECB officials on the timing of subsequent rate cuts is murky and the consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May. These […]
07/02/2024

A Tug of War Between Hawks and Doves

The selloff in US sovereign bonds reversed yesterday after a solid demand for the US 3-year bond auction counterweighed a bulk of hawkish comments from Federal Reserve (Fed) members. The Fed members are on the battlefield, fighting the doves. Loretta Mester said there is no rush to cut rates and Neel Kashkari said that the […]
25/04/2024

USDJPY Advances to Fresh 34-year High

USDJPY trades at its highest level since April 1990 Momentum indicators flag extremely overbought conditions For now, Japanese authorities seem reluctant to intervene USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within […]