Posts by Chris Butler

Last week saw the anticipated BOJ announcement which disappointed the market. The BOJ decided not to take any action on interest rates which was a surprise. Other than that, the market had a relatively sideways week.

Last week saw the CPI number released. the YoY number met expectations however the market viewed the print as further fuel to the Feds fire to pause its tightening of interest rates. The USD fell significantly along with a risk asset rally.

Last week saw liquidity come back into the market after a quiet Christmas break. As ever with the first week of the month it was non-Farm Payrolls on Friday which although was strong the other data from the US was on the weaker side leading to a USD sell off.

Last week saw the round of central bank announcements. The rate rises were as the market expected both the ECB and the Fed surprised with a more hawkish tone however the BoE delivered a more dovish tone.

Last week was a relatively quieter week. The markets are still volatile with many participants looking at the last Fed rate decision of 2022. Has the moment of pivot finally arrived? We will find out in the coming days.

Last week post-thanksgiving saw Fed Chair Powell speak along with the first Friday payrolls numbers. Powell’s speech admitted that going forward rate hikes will be smaller.

Last week was quieter as the US celebrated Thanksgiving. FOMC release gave a glimpse that members were beginning to favour a slowing in the pace of rate rises.

Last week we saw continued volatility in the crypto space as the continued fallout from the FTX collapse sent shockwaves through the market.

Last week US CPI unexpectedly fell to 7.7% YoY vs the expected 8%. Markets moved sharply higher with a strong risk on rally however any potential further upside was halted at FTX one of the largest crypto exchanges collapsed in what seems to be an emerging fraud story which took cryptos much lower. The DXY…

Last week saw both the Fed and BOE raise interest rates by the expected 75bps. The initial reaction was negative as the Fed moved its terminal rate above 5% and risk assets were sold. Despite this Friday’s trading was strong and we ended the week with some market strength.   Euro underperformed during the week…