thunderpips

thunderpips

GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....

thunderpips

EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE HICP >9% saw another 75bsp hike this past week. ECB sources noted the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries like Italy and Spain. Until the BTP/ Bund spread breaches 2.55%,...

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USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...

thunderpips

USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...

thunderpips

EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE HICP >9% saw another 75bsp hike this past week. ECB sources noted the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries like Italy and Spain. Until the BTP/ Bund spread breaches 2.55%,...

thunderpips

GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....

thunderpips

GBP – Sterling dropped on Thursday after the Bank of England’s November meeting. The BoE said borrowing costs were likely to go up less than markets expect and warned that the economy was heading for a protracted recession even as it raised rates by the most in three decades. Summarising the meeting, Reuters noted: “The BoE raised Bank rate by 75 basis points...

thunderpips

GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....

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AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA surprised this past week with a 25bsp hike, sparking some speculation that the bank could be finalizing their hiking cycle sooner than...

thunderpips

USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...

thunderpips

The dominant focus remains on the Fed’s November meeting, which initially saw some volatility in USD due to the market’s interpretation of the statement as dovish but the press conference as hawkish. Ultimately, the market’s focus settled on Powell’s comments that they still have some way to go and that the data suggests rates will peak higher than previously...

thunderpips

EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE HICP >9% saw another 75bsp hike this past week. ECB sources noted the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries like Italy and Spain. Until the BTP/ Bund spread breaches 2.55%, markets...

thunderpips

Hi there. Price is forming a possible reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.

thunderpips

EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE HICP >9% saw another 75bsp hike this past week. ECB sources noted the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries like Italy and Spain. Until the BTP/ Bund spread breaches 2.55%, markets...

thunderpips

USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...

thunderpips

EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE HICP >9% saw another 75bsp hike this past week. ECB sources noted the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries like Italy and Spain. Until the BTP/ Bund spread breaches 2.55%,...

thunderpips

USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...

thunderpips

USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...