News & Insights

01/02/2024

Market Insight 01-02-2024

Summary: Yesterday’s European trading session saw markets holding steady ahead of the US FOMC interest rate meeting at 7pm. Preliminary data, including German Retail Sales and US ADP employment, indicated lower figures than anticipated. As anticipated, the Fed maintained interest rates, prompting a strengthening of the US dollar. However, during the press conference, Chair Powell

31/01/2024

Market Insight 31-01-2024

Summary The currency markets showed limited movement yesterday as anticipation built ahead of the upcoming US interest rate meeting. The euro briefly declined following Q4 GDP data, revealing a narrow escape from technical recession for the EU with “growth at 0.0%.” The US dollar initially strengthened on robust job opening data but retraced gains as

30/01/2024

Market Insight 30-01-2024

Summary In the recent trading session, the currency markets maintained a narrow range, with participants anticipating upcoming economic data. The absence of significant releases led the dollar to closely align with overall market sentiment. A positive shift occurred late in the US session when the Treasury announced reduced borrowing needs for Q1 2024, driving US

29/01/2024

Market Insight 29-01-2024

Summary The week began with the Euro (EUR) receiving support from month-end flows and robust corporate demand. GBPEUR retreated from Thursday’s highs, while EURUSD rose above the 200-day moving average. USD trading remained steady despite lower-than-expected core PCE inflation year-on-year and higher personal spending. Mixed data led to a minor uptick in treasury yields and

26/01/2024

Market Insight 26-01-2024

Summary After the recent ECB meeting, market expectations for an interest rate cut in April surged from 60% to 95%, leading to a widespread decline in the Euro. The decision was influenced by data reflecting sluggish growth and decreasing inflation. Despite acknowledging downside risks to economic growth and inflation, ECB President Lagarde expressed caution due

25/01/2024

Market Insight 25-01-2023

Summary Equity markets continued their ascent to record levels, supported by stimulus efforts in China and strong earnings from technology companies. Favourable PMI results, particularly in the manufacturing sector, contributed to positive market sentiment. The initial weakness of the USD in the morning was offset by a recovery in treasury yields following the encouraging PMI

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