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FX Daily: Hawkish Pushback

FX Daily: Hawkish Pushback

Dovish bets have been scaled back in the US, but I continue to see mostly downside risks for the dollar and expect EUR/USD to test 1.10 soon. But beware of corrections along the way.
ACY Securities | hace 874
Stocks the Battle of Two Ideas

Stocks the Battle of Two Ideas

The territory, the grand battle field, is now clearly defined and coming into view. There are a myriad of factors at work. The matrix has never been so complex or more multi-dimensional than it is right now.
ACY Securities | hace 874
Asian equities push higher

Asian equities push higher

Asian stocks rose on news of potential Alibaba reorganization into six units and moderation in global banking concerns. Australian CPI fell, supporting a pause in RBA hiking. BoE's Feb money and credit data release to impact credit conditions and economic outlook. ECB speakers to discuss inflation outlook, signaling interest rate increase if market tensions ease.
Moneta Markets | hace 875
Australian Inflation Hints RBA On Hold

Australian Inflation Hints RBA On Hold

In this video, Clifford Bennett, renowned Chief Economist, discusses the current state of the world economy amidst the rampant inflation, soaring interest rates, and the recent Teachers strike in the UK.
ACY Securities | hace 875
FX Daily: Policy Divergence Leaves Dollar Vulnerable

FX Daily: Policy Divergence Leaves Dollar Vulnerable

Markets have reassessed the risks to European lenders and looked considerably less concerned as markets re-opened on Monday. If this calm in Europe continues, monetary policy divergence is what may be left driving most FX dynamics, and the stark divergence between Fed and European central banks’ narratives points to dollar downside risks.
ACY Securities | hace 875
FX Daily: Risk Re-assessment?

FX Daily: Risk Re-assessment?

Jitters in European banks on Friday fuelled a recovery in the dollar against pro-cyclical European FX. Markets are once again forced to re-assess the risks in the two epicentres of the banking crisis (US and Europe), and that will drive much of the G10 FX swings this week. Still, monetary policy differentials seem to point more clearly to a higher EUR/USD.
ACY Securities | hace 876
Risk sentiment improves as contagion fears ease further

Risk sentiment improves as contagion fears ease further

Asian stocks rose on eased banking fears. US Fed Governor called for tight policy due to inflation, but recent comments were less hawkish. UK inflation hit 8.9% in March, with food inflation at 15%. Today, no major releases, focus on Bank of England Governor testimony and ECB speeches. US dollar fell, GBP/USD and euro rose.
Moneta Markets | hace 876