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Markets The message from the July Fed meeting and even more from Chair Powell’s Jackson Hole address marked a U-turn in the Fed’s assessment. The focus shifted from taming inflation to preventing an unwarranted deterioration of the labour market. Markets are now in the process of finding out how fast the Fed will (have) to […]

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26/08/2024

Sunset Market Commentary

Markets The dust settled somewhat after Fed chair Powell’s “the time has come” speech in Jackson Hole prompted an almost 9 bps decline in US yields last Friday. The front end of the curve outperformed, drawing comfort from Powell implicitly leaving all options open, including supersized (eg. 50 bps) rate reductions in September or later. […]
22/12/2023

USD Weakness Continues Ahead of Holidays

In focus today The most important data release today will be the US November Personal Consumption Expenditures (PCE). Consensus expects Core PCE inflation to have remained steady in m/m SA terms at +0.2%. Earlier CPI and retail sales data hinted that private consumption has likely continued growing modestly even in real terms. November durable goods […]
12/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently demonstrates a bearish overall momentum, indicating a weaker stance for the US Dollar. This momentum suggests the potential for a bearish continuation towards the 1st support level. The 1st support at 101.77 is recognized as an overlap support and coincides with the 50% Fibonacci Retracement level. This […]