Market Reports
IFX Market Report: Friday 2nd August 2024
Thursday saw the bank of England drop interest rates for the first time since March 2020. Yesterdays 0.25% cut saw the BOE base rate fall from 5.25% to 5%. Rates in 2020 were 0.1% and remained there until rate hikes started in December 2021, with gradual hikes which finally saw the base rate halt in […]
Read moreIFX Market Report: Tuesday 1st September 2020
After an eventful week last week, dollar weakness continues as the current risk-on mood drives the greenback lower.
IFX Market Report: Friday 28th August 2020
With the eyes of the world on Jerome Powell as he gave his speech at the Jackson Hole Symposium, the FED Chair announced, as many expected, a substantial shift the FOMC’s monetary policy strategy; they will be in fact implementing Average Inflation Targeting (AIT).
IFX Market Report: Wednesday 26th August 2020
As the markets eagerly anticipate FED Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium, speculation about Average Inflation Targeting (AIT) being mentioned in Powell’s speech is growing by the second.
IFX Market Report: Tuesday 25th August 2020
As the Republican National Convention got underway yesterday, the market struck a very positive tone following an upbeat message regarding Sino-American relations.
IFX Market Report: Monday 24th August 2020
On Friday we finally saw the Dollar Index catch a bid – marking its first weekly gain since June.
IFX Market Report: Friday 21st August 2020
After a weak US Jobs report yesterday, in the early afternoon we saw a major USD sell-off, enabling its peers to claw back the losses they made in the greenback’s recent spike, due to the upbeat FMOC minutes.
IFX Market Report: Thursday 20th August 2020
Following better than expected CPI numbers yesterday, cable, having found support at 1.3230, pressed on to the 5-month high of 1.3264.
IFX Market Report: Wednesday 19th August 2020
Tuesday saw yet another day of dollar weakness, with nearly all G10 currencies gaining ground on the greenback.
IFX Market Report: Tuesday 18th August 2020
As mentioned in this report yesterday, the focus this week will be dollar weakness.
