QCAM Insight
The USD continued to decline in January, but less strongly and evenly as in December. Fading global growth uncertainties, falling risk aversion and the Fed likely to pause the tightening first still point to more USD downside. However,…
Economy and Interest Rates
Growth forecasts for 2023 are being revised up on the back of better economic reports. Business sentiment is stabilizing and consumer confidence is recovering, albeit from a low level. The Euro-area continues to surprise on the upside, while the US…
FX Markets
The USD continued to slide lower in January but with less momentum and less broadly. The best performer was the AUD, which benefitted from the recovery in China. The worst performer was the…
FX Analytics
There have been few signal changes since the last Monthly but the direction continued to be against the USD. Discretionary Macro positions remained unchanged. Business Sentiment and Technical positions increased their short USD bias.