Unraveling Central Bank Moves, USD Surges, & Key Market Insights ????

Welcome to this week's edition of Hubpay's FX Report highlights, your go-to resource for the latest updates and insights on the foreign exchange market. We bring you the key highlights from our report to keep you informed. For a detailed version, you can sign up at www.hubpayapp.com?

?? Hubpay's Weekly Corporate FX Report ??

?? Central Bank Bonanza Recap

Last week's central bank meetings have left us in an interesting position. We analyse the current state of USD, US Macro, US Interest Rates, and the Treasury Curve to provide a comprehensive snapshot.?

?? Data-Dependent Hikes

Both the Federal Reserve and the ECB seem to have paused with a "One and Done" approach on hikes. However, keep in mind that all future hikes are data dependent, leaving room for unexpected market shifts. ????

?? Bank of Japan's "Baby Blink" Move

The Bank of Japan's slight of hand move to tweak YCC has led to mixed reactions among traders. As we approach the new line in the sand at 1%, uncertainty lingers in the JPY market. ??

?? Upcoming Market Events To Watch

This week, we closely watch US Jobs, ISM, and the Bank of England's efforts to tackle inflation. How these events unfold could impact the market significantly. Stay alert! ??

???? USD Snapshot

Extended weakness post-US inflation figures, but recent recovery demands attention. With data playing a crucial role, it's essential to monitor the yearly ranges for decisive moves. ??

?? US Macro Update

GDP, Durable Goods, and CB Consumer Confidence remain strong, supporting the "Goldilocks" feeling in the economy. PCE, CPI, and JOBS are showing slight weakness. The balance is key!?

?? Interest Rates Analysis

10-year yields hit a double top at 4% before easing off. The 2-year rate ranges, while OIS remains stable at 550bps. Keep an eye on these critical levels!?

?? USD Assets and Outlook

Equities firm, Gold ranging, and Oil holding strong. All factors supporting a Goldilocks environment and a weaker USD. Navigate the market with precision! ??

?? Charts to Watch

Keep track of the Japanese Bond Market and 10-Year Yields, and US growth's impact on inflation. These visuals provide valuable insights into market movements. ????

?? USD Resurgence

USD has proven its resilience, and the outlook for USD bears is challenging. Global inflation concerns are influencing EUR, GBP, and JPY, making it a broader market challenge. Key resistance levels await! ??

?? DXY Weekly View

The DXY remains above the 38.2% Fib from 2014, a bullish sign. Non-Farm Payroll results could provide a decisive direction. Stay vigilant! ???

???? GBP Outlook

GBPUSD recovered after 1.2751 resistance. Expect a 25bps hike from the Bank of England, but Core Inflation concerns persist. Prayers for the last hike! ??

?? EUR Movement

EURUSD weakens due to PCE impact, but crucial support above 1.1092 keeps hope alive. The old 61.8% Fib at 1.1276 awaits to challenge further strength. Stay strategic! ??

???? JPY Market Power

The Bank of Japan's intervention surprises and forward guidance complexities make JPY a formidable market force. Keep an eye on topside levels! ??

?? Bottom Line

USD still ranges but at extended levels, data remains crucial, JPY could inflict pain for long-term traders, and Non Farm, ISM, and the Bank of England will be crucial. Stay adaptable! ??

??? Market Calendar

Mark your calendars for essential market events this week! Stay up-to-date with German Retail Sales, CPI Flash Estimate, ISM Manufacturing PMI, and more. See the full report to get the full line-up ???

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Stay informed, adapt swiftly, and seize opportunities in the dynamic FX market!

Wishing you a successful week ahead in your FX endeavours!