One more week of politics

One more week of politics

The week just gone was dominated by political risk. Markets started it by digesting the first round of French National Assembly results, while speculation swirled around the future of Joe Biden’s electoral viability, although UK elections later in the week proved a...
Monex’s July 2024 FX Forecasts

Monex’s July 2024 FX Forecasts

With just over half the year gone, our initial predictions for 2024 have held up. If anything, the themes we expected have proven more pronounced and more durable than our initial estimations. This has seen the start of the Fed’s easing cycle delayed until the...
Political risk steals the limelight

Political risk steals the limelight

Politics was front and centre for markets once again this week, with election developments dictating price action across a number of major currencies. This dynamic was most evident across both ZAR and MXN, where fallout from polls earlier in the month continued to see...
CAD and LatAm FX to stop markets slumping into summer mode

CAD and LatAm FX to stop markets slumping into summer mode

While not as volatile as the first fortnight of June, the past week was still fairly choppy in the expanded majors. In G10 markets, hotter-than-expected inflation data out of the UK, a partial softening in US retail sales, along with central bank decisions from...
Stable in the storm

Stable in the storm

While external conditions have become less punitive and domestic data supports looser monetary policy, we don’t expect the RBI to shift from its current stance of dampening volatility in USDINR given India’s upcoming index inclusions. We expect the RBI to continue...
From hero to zero

From hero to zero

In our forecasts at the beginning of the month, we highlighted that the outcome of the June 2nd elections would be key for MXN’s prospects over both the tactical and medium-term. As a result, we placed our forecasts under conditional review as we awaited more...