Category Archives: Daily Outlook

18 Mar: Markets steady on Friday. Interest rate decisions due from the Fed, BOE & SNB this week.

  Friday was a fairly rangebound session although the US$ came under downside pressure after some mixed data that saw the Capacity Utilisation, Industrial Production and New York State Empire Mfg Index all miss expectations. On the other side of the coin, the Michigan Consumer Sentiment Index was higher than expected. Note that US Treasury yields dropped to… Read More »

15 Mar: Cable lower as UK MPs vote to extend Brexit date. US$ firm, Stocks flat. BOJ Meeting, EU CPI in focus Friday.

  Markets are generally mixed-to-unchanged today although Sterling is heavy after UK MPs voted overwhelmingly (412/202) to seek a 3 month delay  to extend the Brexit date, beyond 29th March, in order to allow Theresa May to attempt to negotiate more suitable divorce terms from the EU. The US$ has recovered some minor ground, with the DXY now… Read More »