Topic: Daily Market Updates
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Volatility risk is still elevated
Dollar vulnerable as sentiment brightens. Pound needs a new positive trigger. Euro stabalises above key technical level.
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BoJ comments support global markets
Yen reverses and stocks rebound. Seasonals and rate differentials weigh on pound. Euro pares back some gains, trades structurally higher.
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Global markets lick “manic Monday” wounds
Calmer waters after turbulence. Pound stabilises with equities. Euro second best performing G10 currency in 2024.
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Sea of red as global equity sell-off deepens
Risk aversion supports low yielders and safe havens. Pound sensitive to global sentiment. Euro salvaged by US NFPs.
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Disappointment sets in after Fed-rally
Is the Fed behind the curve? Hawkish cut limits pound’s losses. Euro starts August on a wrong foot.
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Fed ignites global risk rally
Markets commit to September cut. BoJ, Fed done – BoE next. Euro trends higher as inflation runs too hot.