Topic: Daily Market Updates
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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.
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Cautiousness prevails ahead of the Fed
Waiting for Wednesday. Pound lags G10 peers ahead of BoE. Euro trends lower after the data dump.
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Central banks in spotlight this week
US data dump and Fed loom. A hawkish BoE cut? Seasonality may soon turn against euro.
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Position liquidation eases; PCE inflation eyed
Equity slump and huge yen rally stabilise. Pound at the mercy of global sentiment. Euro regains $1.085 handle despite US growth upside.