The US shutdown enters it’s 2nd week and leaves the USD directionless. EURO under pressure after another French political disintegration, and GBP losing ground vs USD
A big week ahead with UK data, Bank of England meeting and the US Fed meeting on top of that. Markets remain vigilant and with currencies at critical leaves, we are looking for some currencies to break out of recent ranges
Tumultuous times with Israel waging war on at least 3 fronts and the US entering the fray with strikes on Iran. Russia - Ukraine continues to intensify and Trump’s messaging remains unclear. The USD has slumped, along with oil as markets react to the ceasefire, but there is plenty on the table in terms of volatility for FX
Morgan Stanley predicts continued USD weakness amid slowing growth and upcoming rate-cuts. US employment data alongside plenty of EU data this week will keep currency markets alive
The USD tumbled, oil prices firmed, equity markets and US yields are mixed as Trump delayed EU tariffs. The USD dropped to its lowest level in almost two years after Trump's U-turn on EU tariffs increased market uncertainty, highlighting the President's volatile policymaking.
With the US and the UK announcing interest rate decisions this week, all eyes will be on the comments regarding Forward Guidance as economies and bankers react to the ever-changing global power-shifts
