31st October 2022

Week Ahead: PMIs, the Fed, the BoE and Nonfarm Payrolls

You can’t move for tier-one data for major economies this week. Manufacturing and services PMIs, Eur (...)

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

ECB hikes by 75bps as expected, EUR slipping, DAX supported

The European Central Bank has increased its interest rates by 75 basis points. This was in line with (...)

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

The market impact of a steadying UK Prime Minister Sunak

A quick agreement among Conservative MPs has allowed Rishi Sunak to become the latest UK Prime Minis (...)

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

Week Ahead: US GDP and a crucial ECB decision

It is wall-to-wall tier-one data this week. US GDP confidence and the flash PMIs will be key. Howeve (...)

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

Getting ready for another chance to buy the USD

We continue to see a dominant trend in USD strength. Near-term counter-trend moves remain a chance t (...)