Category Archives: Daily Outlook

23 Sept: Renewed safe haven demand sent stocks lower on Friday. Jpy, Chf higher. US$ mixed. PMIs in focus on Monday.

Stocks fell on Friday while the US$ was mixed, with safe haven demand for the Jpy and the Chf notable after a Chinese agricultural delegation cancelled a planned goodwill visit to the US agricultural heartland of Montana, which again raised questions on a positive trade outcome. This news also hurt the commodity currencies, with the Aud and Nzd… Read More »

18 Sept: WTI down 6% as Saudi production is restored. US$ lower, stocks steady, with all eyes now on the Fed.

The US$ is lower on Tuesday after a mostly choppy and range-bound session ahead of an expected interest rate cut by the Federal Reserve later today, with the Euro leading the way higher, underpinned by strong rebound in German economic sentiment.  The German ZEW Economic Sentiment rose to -22.5 in September, up from -44.1 and beat expectation of… Read More »

16 Sept: Firm US data fails to inspire the US$. FOMC (Wed) in focus. BOJ, BOE, SNB all follow (Thur). China RS today.

The US$ ended Friday under some mild downside pressure, while stocks were mixed, despite some upbeat data that saw the US Retail Sales rise by 0.4% to in August, above expectations of 0.2% although the ex-auto sales rose by only 0.0% mm, below expectation of 0.1% mm. The Michigan Consumer Sentiment Index also beat expectations, coming in at… Read More »

12 Sept: Euro heavy ahead of today’s ECB Meeting on easing expextations. Stocks higher on trade optimism.

The US$ is generally firm on Thursday ahead of the upcoming ECB Meeting, with the Euro leading the way lower in otherwise relatively quiet markets as traders adjust positions ahead of today’s interest rate decision.  Elsewhere in the FX markets there has been little change although the Jpy remains under pressure while risk sentiment remains positive ahead of… Read More »