Rate Cuts Begin

Last week we saw the first of potentially more rate cuts as both the BoC and ECB cut rates by 25bps. I know our reports have been looking at rate cuts being pushed deeper and deeper into 2024 and the NFP number last week seemed to continue its signal of higher for longer.

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Rate Cuts Looking Deferred

Last week the markets were influenced by impending rate cuts or lack of. GBP regained the 1.27 level as any imminent rate cuts seem to have been pushed back from June to the earliest August. This was substantiated by the most recent inflationary numbers coupled with the unexpected election in July.
The post Rate Cuts Looking Deferred first appeared on trademakers.
The post Rate Cuts Looking Deferred first appeared on JP Fund Services.
The post Rate Cuts Looking Deferred appeared first on JP Fund Services.

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Rate Cuts Looking Deferred

Last week the markets were influenced by impending rate cuts or lack of. GBP regained the 1.27 level as any imminent rate cuts seem to have been pushed back from June to the earliest August. This was substantiated by the most recent inflationary numbers coupled with the unexpected election in July.

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Risk-on continues its trend

Last week we saw a return to a risk-on environment. The US Inflation report muted any calls for US interest rates to move higher leading to an equity rally and risk-on currency move.

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Risk-on continues its trend

Last week we saw a return to a risk-on environment. The US Inflation report muted any calls for US interest rates to move higher leading to an equity rally and risk-on currency move.
The post Risk-on continues its trend first appeared on trademakers.
The post Risk-on continues its trend first appeared on JP Fund Services.
The post Risk-on continues its trend appeared first on JP Fund Services.

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Currencies More Subdued (Apart from Yen)

Last week was a far more subdued week as market eyes were elsewhere. Global markets rallied pushing stocks to new highs in Europe and US markets posting substantial gains.
The post Currencies More Subdued (Apart from Yen) first appeared on trademakers.
The post Currencies More Subdued (Apart from Yen) first appeared on JP Fund Services.
The post Currencies More Subdued (Apart from Yen) appeared first on JP Fund Services.

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BoJ Intervenes to Shore Up Yen

Last week we saw a reversal of the dollar strength which saw once again market expectations of 2 or more rate cuts in 2024 back on the table. With disappointing job numbers and a less hawkish than expected Powel the dollar tumbled away its gains and stock markets were buoyed.

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