Put USDCHF on the radar - while there are many different ways this could play out this week, here are 2 clear scenario's that are front of mind.
Upside - the fed's 2024 dot moves higher in tomorrows FOMC meeting to show 2 cuts (from 3). We could also see the SNB cut rates - this is a non-consensus call with 4/24 economists calling for a 25bp cut (to 1.5%) and...
The markets will come alive this week reacting to the outcomes of an incredible array of tier 1 event risk, with some 14 central bank meetings, including six G10 central bank meetings, as well as numerous emerging market central banks too.
At a more micro level, Nvidia takes centre stage with the highly anticipated GPT conference a potential volatility driver...
After a disappointing labour market report last week, where a blowout nonfarm payrolls print was overshadowed by rather dismal details in the household survey, focus now turns to the February US CPI report, being the last significant piece of the data jigsaw before the March FOMC meeting.
Off the back of hotter than expected inflation figures in January, with...
In the equity space, one of the most notable features of this cycle has been the degree of consternation over narrow market breadth. In other words, the gains that we have seen, especially those that were made in 2023, came due to a substantial rally in a small number of index constituents – a group that we now all know as the ‘magnificent seven’.
There are,...
As gold goes about its business, client volumes on the yellow metal are well above average, and as is typically the way after a solid one-way tear, the net position is now heavily skewed short.
We can see that the price has closed higher for 7 straight days, and subsequently, traders see a heightened probability that we will not see an 8th and that momentum has...
After a quiet start to the week in markets, Friday’s US session saw risk come alive. A poor US ISM manufacturing at 47.8 – notable in the new orders and employment sub-components – was married with comments from Fed members Lorie Logan and Chris Waller, in turn promoting a strong rally in US Treasuries, with additional rate cuts being priced through 2024.
The...