Topic: Daily Market Updates
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Dollar 1% higher this week, eying more gains
Hawks and hotspots drive the dollar. Rates attempt a grip on EUR/USD. Markets overlook strong UK data this morning.
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Fed Minutes scream hawkish
Economic resilience meets hawkish Fed minutes. EUR/USD drifts lower on re-asserted Fed hawkishness. Hoping for some retail therapy.
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Bar for BoE rate cut is low
Pound loses its floor. USD steady ahead of key Fed signals. Lagarde expected leave ECB early.
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Soft UK jobs data hits sterling
Sterling slides after dovish jobs report. Dollar finds a floor ahead of PCE. Risk reversals blink, trend holds.
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Fed dovish bias builds
Conflicting cues limit USD momentum. Sterling steadies as politics recede. Strong sentiment dominates narrative.
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US Inflation to steer the next leg
Slow money, strong signal. Euro holds the line as US inflation takes the stage. Sterling buckles under risk aversion.