The market is focused on Fed Chair Kevin Warsh's debut post-FOMC press conference amidst shifting inflation risks and lower energy prices. Leveraged funds are increasing USD long positions following resilient US labor data and anticipation of the FOMC outcome.
Key Takeaways
- 1.Fed Chair Kevin Warsh's upcoming press conference is a critical event for the USD, influenced by a ceasefire in Iran and declining oil prices.
- 2.The FOMC is expected to release updated economic projections, likely reflecting higher inflation and potentially removing the implied rate cut for 2026.
- 3.Leveraged funds have shown a significant increase in USD long positions, driven by strong US labor market data.
Table of Contents
- USD: Warsh gets his first opportunity – key moment for dollar
- USD: Leveraged Funds bought ahead of deal
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Derek Halpenny
Securities
DXYBrent Crude Oil
Themes
Monetary PolicyGeopolitical RiskInflation Dynamics
Regions
GlobalUnited StatesIranUK