Sunset Market Commentary

Markets The US labour market hums along. Companies in September added 263k jobs. The biggest contributing sectors were education & health (+90k), leisure & hospitality (+83k) and professional business services (+46k). Some point at seasonal effects distorting the reading in a negative way and said that removing these, pushes up the actual job growth by […]

More and More Central Banks are Fighting the Dollar

More and more of the world’s central banks are turning to currency interventions to keep their currencies from weakening. While each central bank is saving its currency, they are all working together to undermine the Dollar’s value by increasing its global supply. Bloomberg calculates that global foreign exchange reserves have fallen by 1 trillion to […]

Weekly Focus

It’s been another eventful week with focus on the timing of the ‘central bank pivot’, UK budget mess, a large OPEC production cut and rising tensions in the Ukraine war. Especially the possible pivot of central banks towards a slower pace of rate hike have been in focus and drove a decent rally in global […]

Week Ahead – The Calm Before Another US Inflation Storm

An electrifying week is coming up, featuring another crucial US inflation report and minutes of the latest Fed meeting. Both will be key pieces of the puzzle for the dollar and risk assets, as traders grapple with whether the Fed will pause its tightening cycle anytime soon. Even in case of a softer inflation print […]

What Will It Take for the US Dollar to Lose its Crown?

The US dollar has had a stunning run, gaining more than 15% against a basket of other major currencies – according to the DXY calculation – since the start of the year. For some developing countries though, the greenback’s surge has made servicing dollar-denominated debts a herculean task, and with several currencies, even major ones, […]

The Global Sell-off Continues

Market movers today Today’s key data release will be the Euro Area September Flash HICP, where yesterday’s upside surprise in the German figures has likely tilted the risks towards a larger-than-expected uptick, read more below. From the US, August Private Consumption Expenditures are due for release, data released earlier points towards modest but still positive […]

The Pound Has Probably Bottomed Out

While some berated the UK government for collapsing the Pound on the government’s plans to cut taxes, others were buying the British currency. The Pound’s movement on Friday and Monday looks like a classic capitulation, often a precursor of a reversal. GBPUSD is adding for the third day, reaching 1.11 and nearly 7.5% above the […]

Pound Takes a Breather after Wild Ride

British pound calm after tumultous week The British pound has posted slight gains, after a spectacular showing on Thursday. In the European session, GBP/USD is trading at 1.1145, up 0.26%. For anyone looking for lots of volatility, look no further. The pound has taken riders on a wild ride, with GBP/USD surging 2.1% on Thursday. […]

Japanese Yen Shrugs after Solid Data

The yen has been drifting for most of the week and the trend is continuing today. USD/JPY is almost unchanged at 144.32. Japanese data surprises on the upside Japan has released strong industrial production and retail sales data, a further indication that the Japanese economy is improving. Industrial production rose for a third straight month […]

Bitcoin Seems to be Regaining Defensive Status

Market picture Bitcoin has remained in position for the past few days, trading at $19,500 on Friday morning. As in previous days, the attempt to sell the cryptocurrency following the stock market was met with buying. This neat bottom-drawing by Bitcoin could show a wait-and-see stance and consolidation before the next move. However, crypto optimists […]