Weekly Market Outlook

Fitch’s Surprise Decision – US Credit Rating Lowered to AA+

This week started with the unpredicted news of the downgrade of the US credit from AAA to AA+ by Fitch, one of the three major credit agencies.

Click on the link below for an update on the latest economic developments.

Central Banks Take Strong Stance with Interest Rate Hikes Amid Economic Growth

Central banks took centre stage last week, as both the Federal Reserve and the European Central Bank implemented further interest rate hikes.

Click on the link below for an update on the latest economic developments.

US Dollar Rebounds from 15-Month Low

In our previous discussion, we highlighted the US Dollar Index’s decline to a 15-month low, triggered by the latest data on US inflation. While the downtrend continues, this week we’ve witnessed a rebound in the value of the greenback, with some corrective gains taking place.

Click on the link below for an update on the latest economic developments.

Slowing Inflation fuels speculation on the end of rate hike cycle in the US

The past week we have assisted in the dive of the US Dollar that started last Friday upon NFP data release and continued after the latest inflation related news.

Click on the link below for an update on the latest economic developments.

FOMC minutes : Fed Considers Moderate Tightening

The FOMC minutes report last Wednesday showed strong disagreement among Fed members to pause interest rate hikes, with some members strongly arguing that rates should increase as inflation remains high.

Click on the link below for an update on the latest economic developments.

Leaders Reaffirm Determination to Fight Inflation as Global Economy Faces Pressures

Last Wednesday, the leaders of the major central banks during the annual forum in Sintra, Portugal, reaffirmed their shared objective of combating inflation. They emphasized their commitment to maintaining a tight monetary policy for as long as necessary to ensure a sustained decrease in inflation and prevent its resurgence.

Click on the link below for an update on the latest economic developments.

Bank of England’s Interest Rate Hike Effect on the Pound

The Bank of England has raised interest rates by half a percentage point to 5% in an attempt to address persistent inflationary pressures. This decision, the 13th consecutive rate hike by the Bank’s monetary policy committee (MPC), puts interest rates at their highest level since 2008.

Click on the link below for an update on the latest economic developments.

Monetary Policy Approach: US and Eurozone Take Different Paths

The Federal Reserve met market expectations by confirming the anticipated decision to hold interest rates steady. Simultaneously, the European Central Bank took a different approach by raising rates, despite the technical recession in the Eurozone, in an effort to combat inflation.

Click on the link below for an update on the latest economic developments.

Market Optimism: S&P500 rises 20% from October lows

Interesting week on the financial markets with all eyes on the new highs of the S&P 500 that officially gave start to a bull market.

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Surging Market Optimism as U.S. Debt Ceiling Is Raised

The Global markets regain their optimism, reassured by the removal of the U.S. debt ceiling and the resilience of the robust U.S. labour markets that addresses concerns of a recession.

Click on the link below for an update on the latest economic developments.

US Dollar Index Maintains Two-Month Highs after FOMC Meeting

The economic scene the past week has been quite heavy on economic data with the minutes released by the FOMC and the impact on the Dollar Index, UK inflation rate and the news on Germany officially entering in a technical recession after two consecutive negative GDP quarters.

Click on the link below for an update on the latest economic developments.

US Dollar records best Two-Week Performance since September

Another interesting week in the financial markets with all eyes on the new short term rally started by the US Dollar that had a clear and considerate impact on the major currency pairs and gold.

Click on the link below for an update on the latest economic developments.

G7 Finance Leaders Discuss Strategies to Build Resilient Supply Chains

Last week, finance leaders of the G7 gathered in Niigata, Japan to discuss ways to increase the resilience of global supply chains and reduce dependence on China. Additionally, discussions also touched on the US debt ceiling, with US Treasury Secretary Yellen warning of a potential economic and financial crisis if the US fails to raise the ceiling in the coming weeks. To stay up-to-date on the latest market trends and news, we invite you to click on the link below for a summary of recent developments.

Financial Analysts Warn of Possible Recession as Central Banks Continue Interest Rate Changes

The past week was eventful, with everyone’s attention focused on the highly anticipated hikes from both the Federal Reserve and the ECB, as well as the latest job report featuring Non Farm Payrolls on Friday. The market’s volatility has been beneficial for many traders, who have leveraged it to amplify their operations, and all eyes are now on gold as it continues to trade at record highs. We encourage you to stay informed about the latest market developments by clicking on the link below.

The Impact of Slow Eurozone Growth and Inflationary Pressures on Currency Market

In today’s dynamic economic environment, macroeconomic announcements hold considerable sway over financial markets. Consequently, remaining abreast of the latest developments is vital for experienced traders. Adopting a comprehensive approach that factors in both the technical and fundamental aspects of price movements is critical to maximizing performance and maintaining an edge, regardless of the financial asset being traded. By combining a range of perspectives, traders can make informed decisions and stay ahead of the curve in these rapidly evolving times.

Click on the link below to have a look at the most recent economic developments.

Q1 2023 Economic Outlook: Inflation, Banking Crisis, and Interest Rates

The highlight of last week’s market activity was the release of the UK inflation figure, which put pressure on the Bank of England. To stay updated on the latest market developments, we invite you to click on the link below.

Q2 Market Update: Bullish Outlook for Euro as US Dollar Faces Downward Pressure

As we kick off another week of trading , we wanted to provide you with a comprehensive update on the latest market trends and insights to help you make informed trading decisions in the Q2. 

Last week, the market experienced moderate volatility, with mixed performances across various sectors.  

As the market continues to evolve, it’s essential to stay ahead of the game by staying informed, adapting to changing market conditions, and managing risk effectively. We are committed to providing you with timely updates and insights to help you make informed trading decisions.  

Discover the latest developments in the economy by clicking on the link below. 

Q1 2023 Economic Outlook: Inflation, Banking Crisis, and Interest Rates

As we approach the end of the first quarter, a crucial inquiry remains unanswered: what magnitude of interest rate hikes will governments enact in response to inflationary pressures?

What impact will the current banking crisis have on the Federal Reserve’s anticipated pivotal move?

Discover the latest developments in the economy by clicking on the link below.

A Tale of Two Banking Sectors: How the US and EU are Responding to Turmoil

The recent market landscape has been dominated by Janet Yellen’s stance on bank deposit protection, which has garnered significant attention and placed her at the forefront of the conversation, surpassing even Chairman Powell. With the banking sector crisis still looming large, all eyes remain fixated on the latest developments. Given the existing market volatility attributed to macroeconomic conditions and geopolitical risks, it’s crucial to make well-informed decisions that align with your overall trading strategy and exercise prudence in one’s trading activities and adhere to a sound risk management plan.

Employing excessive leverage, coupled with the heightened volatility of assets, may tempt traders towards adopting a gambling approach to trading. However, such a strategy is unlikely to yield consistent profitable outcomes. For a comprehensive summary of last week’s economic developments, please click on the link below.

Banking crisis: How real is the Contagion risk?

From a macroeconomic perspective, the banking crisis sparked by the recent collapse of Silicon Valley Bank has sent shockwaves through the global economy. The spectre of the 2008 financial crisis looms large, and the term “Contagion” has become ubiquitous throughout Europe. One question on everyone’s mind is: how long will the tightening persist?

For a comprehensive overview of the most recent market developments and projections for the future, click the link below.

Inflation Remains Protagonist of Trading Week: Eurozone in the spotlight

One topic that has been dominating market conversations this week is the inflationary pressures being experienced within the EU. This driving force has captured the attention of investors and analysts alike, prompting a closer examination of the underlying factors at play. In the United Kingdom, the Brexit agreement negotiated between the Prime Minister and the European Union, has resulted in a positive resolution of trade conflicts with Northern Ireland. While this represents a step in the right direction for the overall UK economy, it is essential to note that the currency’s performance is still largely influenced by central bank policies.

Click the button below for a comprehensive overview of the latest economic developments.

FOMC minutes spark concerns over potential interest rate hike

As always, the macroeconomic events of the past week heavily influenced the markets. This month FOMC minutes suggest that the hawkish Fed approach will continue into early Q3, regardless of the positive economic data from the previous week.

The fundamentals support the notion of a stronger dollar, given the resilience of the US economy and the ‘higher for longer’ Fed approach to rates. However, it remains to be seen how the market will respond. Click the button below for a comprehensive overview of the impact of the fundamentals on the markets over the past week.

Dollar Surge: The US Dollar Index Hits a 6-Week High

Over the last week all eyes were on the robust US economic data that has seemingly put to rest any speculation of rate cuts for the remainder of the year, reinforcing the case of persistent inflation. We invite you to click on the link below to gain insights into the events that transpired last week, and what to look forward to in the upcoming week. Stay up-to-date on the latest market developments, and stay ahead of the curve.

Click on the button below for a recap of last week’s events and an outlook on what to expect in the week ahead.

Economic Data Releases Dominate Forex Market: Insights on US, Europe and UK’s Economic Performance

During the past week the Forex market had been dominated by the impact of economic data releases from major economies. The US and European Central Bank both released their latest monetary policy decisions, which had a significant impact on the currency markets.

Click on the button below for a recap of last week’s events and an outlook on what to expect in the week ahead.

Has Inflation Turned A Corner?

It has been a pretty interesting week in the financial markets, rich with macroeconomic events that brought significant volatility in the major financial assets traded by our traders.

Even though the data released in regards to interest rates were anticipated by market participants and had already been considered to be priced in the market. The comments and statements by policymakers had a strong impact fuelling the volatility in the major currencies, gold and also the stock market.

Click on the button below for a recap of last week’s events and an outlook on what to expect in the week ahead.

Is the dollar weakness coming to an end?

Here at Audacity we believe it is crucial to always be informed and updated on what’s happening in the markets, particularly in the current economic environment that seems to be heavily reliant on the impact of monetary policies on many different asset classes.

The dollar in particular has become a major driver of volatility with bear traders holding onto their positions waiting for next week’s announcement from the Federal Reserve.

Click on the button below for a recap on last week’s events on the major traded assets from our Funded Traders and an outlook on what to expect in the week ahead.

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