Category Archives: Daily Outlook

18 May Firm yields underpin the US$, weigh on stocks. Japan CPI ahead in an otherwise empty calendar.

  With US yields heading higher (US10Y; 3.11%) on Thursday, and some solid Fed data too, (Philadelphia Fed Mfg Survey +34.4 vs expected 21.1), the dollar has remained underpinned, with US$Jpy looking particularly strong. Stock markets are slightly lower, under pressure from the firm yields while the metals are unchanged. WTI settled pretty much unchanged on Thursday, after… Read More »

14 May: US$ choppy; slightly heavy at the start of the week. Quiet today. EU GDP, US Retail Sales, tomorrow.

  Friday was a choppy but mostly uneventful session, with stocks up marginally (0.2%/0.3%) and the US$ still under some mild downside pressure, closing pretty near the levels where it started the week against most pairs. WTI settled lower but remains above 70.00 pb after posting a weekly gain as sentiment remained positive despite signs of an increase… Read More »