CIX Markets

24/05/2022

The USD index is trading in a narrow range before we hear from the Fed chair Jerome Powell and later the ECB’s Lagarde. Powell is expected to keep the hawkish tones on inflationary pressures. US PMI is also of interest with an estimate of 55.5 for May, lower than April’s 56. https://www.cixmarkets.com/

23/05/2022

EURUSD is consolidating around the 1.0600 level after recent hawkish ECB comments on a possible July rate hike. On a data light day at 9am UK time we have the German IFO survey for May expected 91.4 versus 91.8 previous. https://www.cixmarkets.com/

19/05/2022

Heavy losses for USA indices and more $ strength in the afternoon session yesterday with the markets remaining risk off this morning. Today the ECB will publish the minutes of its April policy meeting and from the USA the weekly Jobless Claims and the Phili Fed’s Manufacturing Survey.

18/05/2022

Gold remained subdued around the $1810 area. Powell backing interest rate rises to control inflation and retail sales numbers contributed to the bearish tone for the non yeilding precious metal. Oil up on thoughts of improvingh covid situation in China. www.cixmarkets.com/

16/05/2022

China retail sales show a steep decline of 11.1% against an expected fall of 6.6%. Industrial production also fell 2.9% against an expected rise of 0.5%. These numbers will mean a lower opening for European indices and a softer tone to Oil. https://www.cixmarkets.com/

13/05/2022

The Michigan Consumer Sentiment Index will give a guide to consumers spending habits in May. From other data it loos like the consumer is still spending but if sentiment is worse than expected we may see worries about a consumer led recession surface. https://www.cixmarkets.com/

12/05/2022

GBP below 1.2200 against strong USD as quartely UK GDP grows by 0.8% rather than the expected 1%. Inflation and growth worries lead equity markets lower. Growth worries continue with lockdowns in China seeing USDCNY hit a 20 month high of 6.7750. www.cixmarkets.com

11/05/2022

Will we see lower US inflation today with CPI expected at 8.1% for April, down from 8.5% in March. Underlying factors remain and even with a drop this will probably not be enough to change investor views but could cause a short term move. https://www.cixmarkets.com/economic-calendar/

10/05/2022

Equities suffered another day of heavy falls on Monday with the S&P touching levels below 4000, the USD continued to attract buyers. Equities have seen some buying this morning as investors reassess the situation.
Visit: https://www.cixmarkets.com/

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09/05/2022

Investors continue to look for safety as concerns rise about the global economy, war in Ukraine, inflation, rising interest rates and China lockdowns. The USD index measures the USD against 6 major currencies and hit its highest level since 2002.
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