FX Monthly Webinar – May 2024

Each month Neil Parker, FX Market Strategist, shares his views on the current state of the markets, and forecasts what lies ahead for global currencies and the economy.

15 May 2024 . 30 min read

Neil Parker and Piers Leslie share their insights into what’s happening and where the macroeconomy and markets are likely to head from here.

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Since the last webinar, the US economy has reported additional signs of strength. Inflation has overshot versus target and expectations, and the markets have further reduced interest rate cut expectations. The same is not true of the UK or Euroland economies, where any growth recovery has been minimal at best, and inflation rates continue to fall closer to target.

In markets, the USD has recovered once again, although against the EUR and GBP it remains locked in fairly tight ranges. How much longer will that last, given the macroeconomic and geopolitical pressures that continue to exert themselves?

Are there any new technical or macroeconomic trends emerging in FX markets? And have there been any changes to the outlook for the major economies, inflation, and interest rates?

Hear the latest views from Neil Parker, NatWest Markets FX Strategist, and Piers Leslie, Founder and Chartist from FactNotFiction Forecasting Ltd.

This webinar was recorded on 7 May 2024.

Q&A is not available in this recording.

Please note that the views and information have not been endorsed, issued or approved by NatWest. Any views expressed in this podcast are not necessarily those of NatWest.

Closed captions are automatically generated by the host channel and therefore NatWest is not responsible for their accuracy.

For more FX and market sentiment insights, please visit the NatWest Corporate & Institutions website (natwest.com/corporates)
Video guide to Piers Leslie’s charts - Piers talks about the markets from a chartist’s point of view. To help understand these charts, we recommend watching this short video where Piers explains some of the techniques he uses.

View our full disclaimer (https://bit.ly/3oHWWb2).

We often use a few acronyms in our videos. Click here to see a list of our key terms.

This article has been prepared for information purposes only, does not constitute an analysis of all potentially material issues and is subject to change at any time without prior notice. NatWest Markets does not undertake to update you of such changes. It is indicative only and is not binding. Other than as indicated, this article has been prepared on the basis of publicly available information believed to be reliable but no representation, warranty, undertaking or assurance of any kind, express or implied, is made as to the adequacy, accuracy, completeness or reasonableness of the information contained in this article, nor does NatWest Markets accept any obligation to any recipient to update or correct any information contained herein. Views expressed herein are not intended to be and should not be viewed as advice or as a personal recommendation. The views expressed herein may not be objective or independent of the interests of the authors or other NatWest Markets trading desks, who may be active participants in the markets, investments or strategies referred to in this article. NatWest Markets will not act and has not acted as your legal, tax, regulatory, accounting or investment adviser; nor does NatWest Markets owe any fiduciary duties to you in connection with this, and/or any related transaction and no reliance may be placed on NatWest Markets for investment advice or recommendations of any sort. You should make your own independent evaluation of the relevance and adequacy of the information contained in this article and any issues that are of concern to you.

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FX Monthly Webinar – May 2024

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