Type: Bullish BounceKey Levels:Resistance: 1.20531Pivot: 1.19335Support: 1.17551Preferred Case:On the H4, with prices breaking out of the descending channel and RSI moving along an ascending...
Dollar can Extend Pullback as Markets Price out 100 bp Rate Hike in July
Last week was marked by highly volatile expectations regarding the FOMC July decision: after release of the CPI for June, which showed inflation accelerating to 9.1%, the chances of a 100 bp rate hike...
Investment Bank Outlook 18-07-2022
BofAEUR and USD 20-year reunionWe have been out-of-consensus USD bulls this year, but it now turns out we have not been bullish enough. EURUSD is back to parity after 20 years. USDJPY is at 139, the...
Daily Market Outlook, July 18, 2022
Daily Market Outlook, July 18, 2022 Overnight HeadlinesIMF To Cut Global Growth Outlook ‘Substantially’ At The Next ReviewG-20 Finance Chiefs Blame Russia As Path To Soft Landing NarrowsFed Preparing...
Investment Bank Outlook 15-07-2022
USD: Balance of risks tilted to upsideGlobal risk sentiment continues to be challenged by adverse developments across the world. The US banking earning season has kicked off on the wrong foot, China...
Daily Market Outlook, July 15, 2022
Daily Market Outlook, July 15, 2022 Overnight HeadlinesChina’s Economy Expands At Slowest Pace Since Wuhan OutbreakChina Renews Medium-Term Policy Loans, Rate UnchangedFed Hawks Say They Want 75 Basis...
Investment Bank Outlook 14-07-2022
INGUS Inflation Shows Fed Has More to DoJune US inflation came in at 1.3%MoM/9.1% YoY for headline and 0.7%MoM/5.9% for core. Both readings are 0.2pp higher than the consensus was expecting and should...
Daily Market Outlook, July 14, 2022
Daily Market Outlook, July 14, 2022 Overnight HeadlinesFed’s Mester Says CPI Data Gives No Reason For Smaller July HikeDollar Resumes Relentless Rise As Inflation Stokes Fed BetsLowest Jobless Rate...
Investment Bank Outlook 13-07-2022
BofAUSD has all bases coveredAll roads continue to lead to the dollar as the USD index broke to new cyclical highs this week. The depth of USD buying has been indiscriminate this year with only CAD...
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