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 […]
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IFX Market Report: Tuesday 24th May 2022
The U.S. dollar index, which hit a two-decade high of 105.01 on May 13, yesterday broke its support at 102.24 and hit a near-month low.
IFX Market Report: Monday 23rd May 2022
The optimism that is blowing through the markets this morning comes from the Chinese news.
IFX Market Report: Friday 20th May 2022
The dollar index, a unit of measurement against six major currencies, is down 1.42% on the week, on track to break a six-week streak of gains.
IFX Market Report: Thursday 19th May 2022
Stock markets resumed their bearish trend strongly as investors worried about global inflation, China’s zero COVID policy and the war in Ukraine, while the dollar and especially safe-haven currencies like the yen and franc Switzerland have been favoured by investors seeking safety.
IFX Market Report: Wednesday 18th May 2022
The pound and euro held onto most of their gains from the previous day on Wednesday as hopes of an easing of lockdowns in China and rising retail sales in the United States pushed investors into riskier assets and away from the safe-haven US dollar.
IFX Market Report: Tuesday 17th May 2022
The dollar remains elevated near its 20-year high against a basket of currencies as investors seek safety amid global growth fears, heightened by weak Chinese economic data released this morning, which lower the Australian dollar
IFX Market Report: Monday 16th May 2022
The dollar remains elevated near its 20-year high against a basket of currencies as investors seek safety amid global growth fears, heightened by weak Chinese economic data released this morning, which lower the Australian dollar
IFX Market Report: Friday 13th May 2022
The US dollar remained close to 20-year highs in the Asian session this morning after yesterday’s advance, buoyed by demand for safe-havens, as Russia raged over Finland’s draft to apply for NATO membership and that Sweden could follow.
IFX Market Report: Wednesday 11th May 2022
After the Fed increase of interest rates by half-a-percentage point last week, the market saw the US Dollar gain against GBP and EUR.
