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 25th January 2022
Monday proved to be a tough session for Sterling. The Pound marked devastating losses against both the Euro and US Dollar yesterday as global risk sentiment worsened.
IFX Market Report: Monday 24th January 2022
After a volatile week of trading, FX markets calmed on Friday and currencies remained largely rangebound.
IFX Market Report: Friday 21st January 2022
Poor economic data from the US forced the Dollar to remain “rangebound on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather”.
IFX Market Report: Thursday 20th January 2022
After the Office for National Statics announced UK inflation increased to 5.4% in December, the Pound rallied against its peers, marking gains against both the Euro and Dollar.
IFX Market Report: Wednesday 19th January 2022
Rising US bond yields were able to strengthen the Dollar on Wednesday ahead of next weeks all-important Federal Reserve policy meeting.
IFX Market Report: Tuesday 18th January 2022
After an impressive rebound on Friday, the Dollar proceeded to edge higher on Monday “as traders continued to hold on to Dollars but took the view that Federal Reserve tightening plans were largely priced in”.
IFX Market Report: Monday 17th January 2022
The US Dollar was able to end a three-day losing streak on Friday “as the recent selling spree driven by the view that Federal Reserve tightening moves were largely priced in abated, and as weaker risk appetite in financial markets led investors to shun riskier currencies”.
IFX Market Report: Friday 14th January 2022
After a few consecutive days of volatility, price-action was subdued on Thursday.
IFX Market Report: Thursday 13th January 2022
Jerome Powell’s comments on Tuesday lead to a weaker Dollar yesterday, allowing both the Euro and Pound to capitalize against the Greenback in the Wednesday session.
