Chris Turner's Comment & Analysis
A complete archive of Chris Turner's articles, including current analysis & comment - Page 2
All eyes are on the US June CPI release at 1430 CET today. Will this year's increase in US tariffs finally start to show up in headline inflation and push back against calls for early Fed cuts? That...
Having gapped 0.3% lower in Asia on news of a potential 30% US tariff on EU imports, EUR/USD is now barely 20 pips down on Friday's close. These kinds of threats seem typical as President Trump tries...
The US dollar downtrend is pausing for breath. Fresh updates on US tariff levels are having a diminishing marginal impact on FX markets, and instead, macro factors are making a comeback. Here, we...
Heading into Wednesday’s potential US tariff deadline, FX traders will remember that it was the Swiss franc that was the big winner at the height of April’s market unrest. Today, the Swiss franc...
Financial markets have reacted to news of higher US tariffs in sanguine fashion. Equity markets have recovered most of their initial losses, bond markets have barely budged and in FX, Asian...
FX markets are preparing for a noisy week that could upset the benign volatility conditions seen over the last two months, although the fallout should be nowhere near the levels seen in April. The US...
In spite of a better-than-expected US June jobs report and a 10/12bp jump in short-dated US interest rates, the US dollar is barely changed from its soft levels seen this time yesterday. Seemingly,...
Today's FX market focus is squarely on the June US jobs report. Does a consensus +110k release provide cover for Fed Chair Powell to continue resisting pressure to cut rates? Or will a weak number...
The US dollar continues to grind lower in a move probably now best categorised as an orderly dollar bear trend. After a structurally driven decline of the dollar in April, its losses over the last...
While we’re not expecting the US dollar to collapse, we do think there are enough negative factors out there to keep it under pressure for the rest of the year
Divestment Alert
There has been a lot...