Quiet week with volatility on the horizon

Quiet week with volatility on the horizon

Last week was a quiet one as lack of further data coupled with the expectations of early rate cuts from the Fed diminishing. The Fed is currently holding rates with a March cut priced at 20% compared to 65% at the beginning of 2024. The USD broadly moved in a sideways...
Quiet week with volatility on the horizon

Fed to cut or not to cut

Last week the US Dollar claimed the title of strongest currency of the week as the markets priced in rate cut rationale began to dissipate. This was also coupled with a strong risk on week as equities continued their stella run. The Fed dismissed any rate cut in March...
Quiet week with volatility on the horizon

Fed Cuts Priced in Now

Last week the US Dollar gained slightly as we saw stiff resistance being met but the overall trend remains in place. Economic data was mixed including a stronger GDP number but softer CPE. The DXY gained a marginal 0.2% during the week. The Euro remains on the back...
Quiet week with volatility on the horizon

Reversal of Yields

Last week we saw a reversal of the previous week in Yields. Equities continue to remain strong as S&P reached new all-time highs, but bonds sold off. The Dollar moved higher after the previous weeks pause as US Yields rose. the DXY rallied 0.9% to close above 103....
Quiet week with volatility on the horizon

Yields Continue to Slip

So, with the first full week of 2024 we saw a similar theme. Yields continued to slide, and equities were strong. US Data continued to beat expectations but overall, the week for FX ended reasonably unchanged. The Dollar ended the week unchanged. US data came in...