USD Warsh and Go

Daily UpdateFXCommoditiesRates Govt BondsEnergy

The report previews the June FOMC meeting under new Fed Chair Kevin Warsh, noting the market's expectation of a dovish tone against an already hawkish USD pricing. It also provides tactical insights on SEK and GBP amidst their respective central bank policy outlooks.

Key Takeaways

  • 1.The market expects a dovish debut from new Fed Chair Kevin Warsh, though current USD pricing is already hawkish.
  • 2.Riksbank expected to maintain a wait-and-see stance despite global inflation risks.
  • 3.GBP trading sideways against EUR, with limited impact expected from UK CPI release.

Table of Contents

  • USD: Warsh and go
  • Asia overnight
  • SEK: any risk of a shift?
  • GBP: not much of a taster
  • Introducing RMA!
  • Open trade recommendations
  • Key events
  • FX Research advanced tools
  • Red Mount Analytics
  • Global Markets Research contact details
  • Certification

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Authors

Valentin MarinovDavid ForresterAlexandre Dolci

Securities

EURUSDXAU/USD

Themes

Central Bank PolicyFed Leadership Transition

Regions

Asia PacificEuropeUnited StatesSwedenUK