Francesco Pesole's Comment & Analysis
A complete archive of Francesco Pesole's articles, including current analysis & comment - Page 4
The main story in FX remains the rapidly evolving Middle East conflict. If oil prices correct further due to perceived limited supply risk, the US dollar can follow suit and move lower. However, some...
Geopolitical risks failed to update over the weekend and will remain central in FX price action. The US dollar's rebound has been lacklustre, and while some support is warranted by the current market...
The Israeli strike on Iran's nuclear facilities has sent oil prices spiking and has offered the oversold and undervalued US dollar a catalyst for a rebound. The energy price shock is generally...
The Sino-American trade negotiations in London have yielded plans to revive the flow of sensitive goods, but have failed to mark a breakthrough and leave the US dollar still vulnerable to domestic...
In a social media post this morning, Trump said Xi Jinping is difficult to make a deal with, as markets await details on the scheduled call between the two leaders this week.
There is some positive...
The US dollar is being hit by a combination of soft data (ISM manufacturing) and more bond market concerns. However, the risk premium is not far from the peaks seen in April, and soft data may not be...
The US dollar has had a lift from a rebound in consumer confidence and Trump striking a more conciliatory tone towards the EU. Now that EUR/USD has returned to the 1.130 anchor, the dollar may...
Tariff drama left the US dollar weaker in April, and the recent short-lived Trump-EU spat is no exception. With market concerns on the US deficit still playing a role, the downside risks for the...
House Republicans may have reached some agreement on Trump’s flagship “Big, Beautiful Bill”, which has caused market concern over the deficit and raised downside risks for the US dollar. There are...
A quiet data calendar is allowing the US Dollar bearish trend to re-emerge. However, some USD-positive headlines on trade may come out of the ongoing G7 summit in Canada – that is, barring any...