3rd November 2022

Espresso Morning Call: Fed rollercoaster renews USD strength

Swinging moves from the FOMC statement to the Powell press conference but in short, the Fed is not y (...)

2nd November 2022

Espresso Morning Call: A pause ahead of the Fed

With the USD having regained some lost ground, markets are sitting in wait for today’s Fed meeting. (...)

1st November 2022

Espresso Morning Call: USD pares gains as yields fall back

USD gains in recent sessions have come as yields have ticked higher. However, as yields fall over th (...)

31st October 2022

Espresso Morning Call: USD starting to strengthen again

As US Treasury yields begin to track higher once more, the USD is starting to strengthen once more. (...)

28th October 2022

Espresso Morning Call: USD starts to regain lost ground

The risk rally and USD correction of earlier in the week have been ebbing away in the last day or so (...)

27th October 2022

Espresso Morning Call: Risk rally turns cautious, ECB eyed

The risk recovery of the past week is on pause this morning. Markets have turned cautious ahead of t (...)

26th October 2022

Espresso Morning Call: Markets rally on “Fed pivot” hope

There is a decisive shift underway in major markets. The negative US data is playing into hopes that (...)

25th October 2022

Espresso Morning Call: A brief consolidation, for now

Markets are fairly quiet this morning. The political risk in the UK has receded as new Prime Ministe (...)

24th October 2022

Espresso Morning Call: Major markets once more uncertain

After Friday’s sharp risk rally amid falling US bond yields and a USD pullback, we are seeing uncert (...)

21st October 2022

Espresso Morning Call: GBP bounce quickly fades, risk sours

Another day of political turmoil in the UK as PM Truss resigns. The initial rebound on GBP has quick (...)

20th October 2022

Espresso Morning Call: Markets nervous as US yields breakout

A near-term USD correction has petered out as US Treasury yields have again broken to multi-year hig (...)

19th October 2022

Espresso Morning Call: USD unwind starting to reverse again

The near-term correction on the USD looks to be turning around again this morning. If USD strength r (...)