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Market Reports

8:15am, July 25th 2022

All Eyes on the Fed

Following last week’s hawkish 50bps rate increase from the European Central Bank, attention will shift across the pond to the US, where another 75bps increase is expected from the Fed. This week’s announcement, taking place on Wednesday evening, will be keenly observed by market participants as they gauge how many more hikes are likely this year as well as interpreting how the Fed views the possibility of a recession and their general assessment of the health of the US economy.

The greenback will likely be impacted by any fresh forward guidance the Fed provides. It will be interesting to see how the buck reacts if Powell does express a will to significantly slow down the pace of tightening at this juncture. It’s uncertain whether the US dollar will be able to maintain the considerable ground it gained in the first half of 2022.

Additionally, this week sees US Q2 preliminary GDP data, which is set to be positive, therefore avoiding a technical recession. From the eurozone, flash July CPI is due for release. Expectations are for another jump up to the 8.7% mark.

Have a good week.

8:15am, July 25th 2022

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

6:37am, July 21st 2022

ECB Announcement in Focus

View Report
5:56am, July 15th 2022

EURUSD Cracks Parity, US Retail Sales Await

View Report
6:29am, July 18th 2022

ECB to Raise Rates?

View Report


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