Cromwell FX market view war stalls and fed hikes : The week saw the current war in Ukraine stall. With this we saw the Euro gain slight momentum
GBP gained as the BoE again raised rates by 25bps. However this was not enough for the currency to gain any real upside momentum. The market had eyed a potential 50bps rise and with less than convincing tones the GBP lost some of the ground it had made vs a weaker USD
Risk currencies seemed to relocate with a risk on theme with all commodity currencies making advances vs the US Dollar.
Oil continued to sell off but did rally back above $100 per bl later in the week to close around the $105 level.
The most anticipated event of the economic calendar was the Fed. It has begun its tightening cycle by raising rates by 25bps and indicated that quantitative tightening will start at a coming meeting. The Fed raised by 25bps rather than 50bps due to the continuing geopolitical events. This could mean that the Fed will ned to raise in a more aggressive manner later in the year but clearly the continuing crisis in Ukraine will be the main driver for any policy change.
Weekly Majors Market Performance
What is Cromwell FX?
Cromwell FX is a quantitative FX manager offering superior risk adjusted returns. The portfolio is the most liquid pairs . The strategy is fully automated and adhere to strict rick management procedures to control leverage and position limits.
The post <h5>Cromwell FX Market View</h5> <h3>War Stalls and Fed Hikes</h3> appeared first on JP Fund Services.
Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
