by Anne Bannerman | Nov 9, 2022
Last week saw both the Fed and BOE raise interest rates by the expected 75bps. The initial reaction was negative as the Fed moved its terminal rate above 5% and risk assets were sold. Despite this Friday’s trading was strong and we ended the week with some market...
by Anne Bannerman | Nov 1, 2022
Last week was less volatile as a calm before the storm could come. The UK appointed as expected Rishi Sunak as Prime Minister which had a calming effect on the UK markets. All eyes are turning to the upcoming Fed rate decision. Euro traded well post the ECB 75bps...
by Anne Bannerman | Oct 25, 2022
Last week was a volatile week as UK politics came to a head with Prime Minster Truss resigning and a shortened selection process implemented. USD hit 150 vs the Yen which saw the Bank of Japan intervene once more. Yen moved from 150 down to 145.50 only to move back...
by Anne Bannerman | Oct 19, 2022
Last week the US CPI print was the spark that moved the risk assets lower. Year on year inflation dropped 0.1% but did beat expectations thus if the Fed continues to follow the data, then it leaves it little room other than to continue their tightening cycle. The DXY...
by Anne Bannerman | Oct 11, 2022
Last week we had the US Payrolls numbers. The strong numbers continued to push the USD higher although the level of volatility was lower than we had seen in previous weeks. The DXY closed 0.5% higher at 112.7. Euro along with other majors had a more sideways week...
