Matthew Weller

US Dollar and Fed TakeawaysEurozone PMIs are on tap tomorrow, with expectations showing the potential for continued contraction. EUR/USD remains within a bearish channel as it tests a key support zone...

The Fed left interest rates unchanged as expected. The median FOMC member expects one more rate hike this year and two cuts next year. The US dollar is rallying in response to the “Hawkish...

The yen has seen a small bounce after BOJ Governor Ueda hinted at a “quiet exit” from negative interest rates but expectations for anything substantial remain subdued. USD/JPY remains in a...

NFP expectations are for the slowest job growth since early 2021. Traders, and the Fed, are looking for continued signs of slack in the labor market to signal that interest rates have peaked for this...

The Japanese yen continues to weaken amidst quiet trade to start the week – all eyes remain on potential intervention from Japanese authorities if it weakens further. USD/JPY is consolidating...

Strong US data has boosted the greenback ahead of Fed Chairman Powell’s highly-anticipated Jackson Hole speech tomorrow. GBP/USD is again testing support in the 1.2625 area, and a break of this...

US yields continue their relentless march higher while Japanese 10-year yields remain mired well below 1.00%. USD/JPY is holding steady near its highest levels of the year, with traders watching the...

Real yields are one of the most reliable fundamental drivers of gold prices historically. The 10-year real yield in the US is testing 2%, its highest level since the depths of the GFC in 2009. Gold is...

GBP/USD has been rallying this week on the back of strong employment and inflation data out of the UK. Traders are pricing in an outside chance of a big 50bps rate hike from the BOE next...

The market has decided the BOJ’s action two weeks ago was not decisive enough, and the Japanese yen continues to fall across the board. USD/JPY appears to be in the midst of a clean breakout to...