The ECB projections will hold the key in the week ahead as market participants still price in 125bps of rate cuts in 2024. Can the Central Bank arrest the Euros slide?

Cable dropped around half-a-point after a slightly stronger-than-expected NFP report hit the screens, but next week is all about three central bank policy decisions

The Euro has sold off against a range of other currencies this week as expectations of an ECB rate cut grow and bond yields slump.

The Japanese Yen has made significant gains against the Euro and Greenback this week. The move was driven largely by Euro and USD fundamentals and i expect that to continue.

The British Pound has been risen quite consistently against the United States Dollar since late September, but most of that has been a ‘Dollar weakness’ story rather than a vote of confidence in Sterling.

Gold remains delicately poised as Silver breakout hints at further upside. Oil on the other hand will be driven by the postponed OPEC+ meeting. Will OPEC+ announce further cuts?

The dollar has dropped alongside yields and US economic data as markets look forward to rate cuts in 2024. USD catalysts return after the holiday affected trading week

A mixed week for Euro-pairs as EUR/USD continues to consolidate recent gains while EUR/GBP struggles against a resurgent British Pound

Sterling has been the beneficiary of quite a rethink as the UK’s economic numbers have improved. A pause for thought is now likely.

Gold and Silver enjoyed an excellent week but now faces technical hurdles to start the new week. Will US data help the metals overcome their challenges and keep the bullish rally alive?