The Intelligence Layer Beyond Your Own Book

Yesterday’s Fed meeting went as expected, with rates kept on hold. There was also little change in investor expectations, as three rate cuts are still priced in for the remainder of the year.

The USD is up slightly overall, primarily on the back of stronger US economic data, while equity indices drifted lower overnight.

It’s the first Friday of the month, so we expect the usual sluggish morning as markets await Non-Farm Payrolls (NFPs). It stands as one of the final hurdles in a week where risk sentiment has consistently improved...