Macro
15 articles
Week ahead: US CPI, Warsh, and a crowded yen trade
US inflation sets the tone this week, the yen is the crowd's favourite trade, and our indicators show a market coiled tight ahead of Tuesday.
Rate Cuts Are Off the Table: A Hawkish Fed Is Reshaping Every Major Pair
For two years the only question was when the Fed would cut. Now the market is pricing the opposite — and it is rewriting the dollar, gold and the yen all at once.
De-dollarization: headline fashion or structural shift?
"De-dollarization" returns to the headlines every few months. Rabobank now lists it alongside cyclical drivers for the Dollar — so it is worth separating the slow structural story…
Sintra: Why Will Markets Listen Hardest When Warsh Says the Least?
The Fed's Kevin Warsh, the BoE's Andrew Bailey and the ECB hosts take the Sintra stage on Wednesday — and with rate cuts already priced out, the risk for traders sits in the…
Gold Tops $5,000: What Does It Tell a Forex Trader About the Dollar?
Gold smashed its record above $5,000 and banks are already eyeing $6,000. Why a metal that pays nothing soars when the dollar wobbles — and what to read from it in Forex.
What Happens to the Dollar When the Fed's Independence Is Questioned?
Central-bank independence is a currency's silent foundation. What happens to the dollar when that independence is called into doubt — and why gold reflects it instantly.
Nonfarm Payrolls Preview: Will the Jobs Report Decide the Fed's Next Hike?
The dollar found a second wind on rate-hike bets. Next week's US payrolls is the test that confirms or breaks it — what should traders watch before the print?
Hot Growth, Sticky Inflation: The US Data That Backs More Fed Hikes
Faster US growth, firm core inflation and a tight labor market all lean hawkish. What today’s data means for the Fed path — and what to watch next?
The Warsh Fed: Why Is the Market Pricing Rate Hikes, Not Cuts?
A new Fed chair, a hawkish first meeting and a dollar at multi-month highs: why markets now price rate hikes, not cuts — and what it means for every FX trade.
When Safe Havens Disagree: How to Read the Risk-Off Hierarchy in FX?
A firm Dollar, a stalling Yen and a sliding gold price reveal how the safe-haven hierarchy really works — and the three questions that decide which haven leads.
King Dollar's New Fuel: How the Tech Rout Is Powering the Greenback?
A tech-stock sell-off is sending traders into the US Dollar, not gold. Why high real yields and a hawkish Fed have given King Dollar new fuel.
The Week Ahead: Hormuz, a Hawkish Fed, and US Inflation
Three catalysts collide as markets reopen: a Strait of Hormuz closure, a hawkish Fed, and US inflation data on tap.
Why gold keeps falling despite the US-Iran ceasefire
Many expected peace to calm gold, yet it keeps dropping. The reason isn't geopolitics: it's the Federal Reserve and the dollar.
King dollar: the central-bank week in review
The dollar hit a more-than-one-year high after a hawkish Fed, while the BoE, SNB and others stayed on hold. What happened and what it means for each currency.
How Do Central Bank Rate Decisions Move Currencies?
Interest rate differentials are the gravitational force of the forex market. Understanding how the Fed, ECB, and BOJ set rates — and why — is the single most important macro concept for every forex trader.
