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The US June CPI Strips Dollar of any Support as Odds of a Hawkish Fed Outcome Plummet
The US June CPI Strips Dollar of any Support as Odds of a Hawkish Fed Outcome Plummet

The US June CPI report left the dollar entirely defenseless, causing the US currency index to plummet to nearly 100 level:As seen in the chart, this is the lowest level since April 2022, meaning the...

GBP Rallies As UK GDP Dips Less Than Forecasted
GBP Rallies As UK GDP Dips Less Than Forecasted

GDP Dips in May… But Less Than ExpectedThe latest set of UK economic data today was a mixed bag. On the headline GDP reading, the UK economy was seen contracting in May, falling 0.1% against the prior...

Daily Market Outlook, July 12, 2023
Daily Market Outlook, July 12, 2023

Daily Market Outlook, July 12, 2023Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as investors maintained caution ahead of the release of key US inflation data. The...

RBNZ Pauses After 12 Consecutive Hikes
RBNZ Pauses After 12 Consecutive Hikes

RBNZ Holds Rates SteadyFollowing 12 straight months of rate hikes, the RBNZ held monetary policy unchanged at the July MPR overnight. Sitting at 5.5%, the RBNZ noted that policy would remain unchanged...

Can History Help us Predict Market Cycles?
Can History Help us Predict Market Cycles?

Bright MindsBright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters to...

Can EURUSD Breakout On US CPI?
Can EURUSD Breakout On US CPI?

USD Downside RisksToday’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations...

BOC Meeting Opens Up Bearish NZDCAD Risks
BOC Meeting Opens Up Bearish NZDCAD Risks

BOC Up NextThe Bank of Canada meeting today is drawing plenty of attention with the BOC widely expected to hike rates by a further .25% on the back of last month’s unexpected rate hike. The BOC...

GBP Higher On Fresh Wage-Growth Increase
GBP Higher On Fresh Wage-Growth Increase

Wages Rise AgainGBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was...

Daily Market Outlook, July 11, 2023
Daily Market Outlook, July 11, 2023

Daily Market Outlook, July 11, 2023Munnelly’s Market Commentary… Asian equity markets experienced positive performance, driven by modest gains on Wall Street. Cyclicals benefited from promising...