Category Archives: Daily Outlook

22 Jul: US$ firm after WSJ hints at a 25bp Fed cut on July 31. ECB Meeting, Brexit & US Q2 GDP in focus this week.

Friday reversed the moves of Thursday, when the US$ and metals had weakened on the back of the dovish comments from the Fed’s William’s, who had hinted at a more aggressive easing plan  from the Fed than had previously been expected.  Instead, after a mostly consolidative session on Friday, some late headlines saw the dollar regain some ground,… Read More »

17 Jul: Strong US R/S underpin the US$, yields. WTI -3%. Gbp lower on Brexit no-deal prospect. UK/EU CPI in focus today.

  It has been a busy news day, providing plenty of volatility across the different asset classes. First up, the US June Retail Sales came in much better than expected, at 0.4% mm in June, above expectation of 0.1%, while the ex-auto sales also rose 0.4%, above expectation of 0.1%. The GDP-feeding control group component rose by a… Read More »

16 Jul: Markets steady ahead of important US data; RS, IP, CU, BI all due. NZ CPI, RBA Minutes the focus in Asia.

  The dollar ended mixed on Monday in thin, summer trading; slightly firmer against the majors and a little softer against the commodity currencies, following on from yesterday’s better than expected Chinese data, despite the Q2 GDP, which continued to slow, with the GDP coming in at 6.2%. Donald Trump kept the pressure up yesterday on the trade… Read More »

11 July: US$ lower, stocks/commodities firm, as Powell flags rate cut. Q+A session today. US/German CPI ahead too.

Markets have reacted to the statement of Fed Chair Powell at his testimony to Congress on Wednesday, at which he sent a strong signal that bank will cut interest rates later this month, while noting how the economic outlook has not improved in recent weeks. He said recent data showed little reason to expect improvement, despite last Friday’s… Read More »