11th January 2023

Espresso Morning Call: Positive risk bias tries for breakout

With Fed Chair Powell tight-lipped on monetary policy yesterday, a slight positive bias is trying to (...)

10th January 2023

A basing phase on Wall Street could be a long process

Into 2023 equity markets. Have been more upbeat. Although Wall Street has been lagging, a basing pha (...)

10th January 2023

Espresso Morning Call: USD rebounds as focus turns to Powell

Two FOMC speakers with a slightly hawkish lean have supported the USD and weighed on indices. The fo (...)

9th January 2023

Espresso Morning Call: USD selling pressure mounts on Monday

The USD has fallen sharply since Nonfarm Payrolls and the ISM Services PMI dropped below 50. USD is (...)

6th January 2023

Espresso Morning Call: Mild USD gains into Nonfarm Payrolls

US labour market data has generated support for the USD in recent days. This bodes well for the gree (...)

5th January 2023

Espresso Morning Call: Caution forming ahead of US jobs data

The Fed minutes may not have done much to move markets but the tightness of the US labour market wil (...)

4th January 2023

Sentiment boosted in early 2023 but a rocky road lies ahead

Markets have been boosted by falling European gas prices and the prospect of China re-opening. Howev (...)

4th January 2023

Espresso Morning Call: USD drops as risk rebounds again

The USD has had a choppy start to the new year. Initial strengthening has given way to renewed corre (...)

3rd January 2023

Espresso Morning Call: USD surges as European traders return

After a quiet period over the holidays, European traders return to their desks with a surge of buyin (...)

30th December 2022

The key data driving markets in the first week of 2023

Traders will have little time to nurse their New Year hangovers. Financial markets jump headlong int (...)

23rd December 2022

Espresso Morning Call: Markets steady after another sell-off

Stronger US data meant another decline in higher-risk assets yesterday. However, on the final tradin (...)

22nd December 2022

Espresso Morning Call: USD slips as indices creep higher

As the Christmas holidays get ever nearer there is a feeling of consolidation on major forex. Howeve (...)