Cromwell FX Market View Quiet Week as Market Awaits Fed

Last week was the first quiet week of the year. The markets gained vs the US Dollar as we could be heading towards the crucial pivot point in Fed Rate rises. US GDP was better than expected at 2.9% while the PCE came in line with expectations.   The Euro continues in...

Cromwell FX Market View BOJ Disappoints

Last week saw the anticipated BOJ announcement which disappointed the market. The BOJ decided not to take any action on interest rates which was a surprise. Other than that, the market had a relatively sideways week.   The Euro should have performed better as ECB...

Cromwell FX Market View Dollar Slumps After CPI Numbers

Last week saw the CPI number released. the YoY number met expectations however the market viewed the print as further fuel to the Feds fire to pause its tightening of interest rates. The USD fell significantly along with a risk asset rally.   The Euro finally had a...

Cromwell FX Market View Central Banks Round Out 2022

Last week saw the round of central bank announcements. The rate rises were as the market expected both the ECB and the Fed surprised with a more hawkish tone however the BoE delivered a more dovish tone.   The US Dollar initially took a bid post FOMC but further...