Category Archives: Daily Outlook

3 Dec: Markets to react positively to US/China trade truce. PMIs/ISM in focus on Monday. NFP Friday.

Stocks ended Friday a little higher (+0.8%) while the US$ was mixed ahead of the G20 meeting and the Trump-Xi summit that took place over the weekend. The major mover was the Euro, which seemed to be undermined by the better than expected Chicago Purchasing Managers Index, which came in better than expected, while Cable also remained heavy… Read More »

30 Nov: FOMC Minutes leave markets unchanged. All eyes now on weekend G20 Meeting. China Mfg PMI ahead.

Markets are mixed to steady today following the FOMC Minutes with all eyes now turning towards the weekend G20 Meeting. The meetings showed that almost all policy makers saw a rate hike warranted ‘fairly soon’, with further gradual hikes ahead, consistent with goals. Earlier in the session, the US$ had an early bid tone although this faltered after… Read More »

28 Nov: US$ firm after the Fed’s Clarida supports further hikes. US GDP ahead; Fed’s Powell, BOE’s Carney up later

The US$ is generally firmer today without any one particular reason although there was talk of dollar supportive month end flow despite today being only the 28th. Sterling seemed to lead the way lower for the dollar’s counterparts, and remains under heavy pressure because of the general criticism of the Brexit deal, with Donald Trump today throwing some… Read More »

27 Nov: Choppy conditions as risk sentiment fluctuates. Thin calendar, Tuesday, but plenty of CB speakers.

  The FX markets have had a choppy session, initially picking up some positive momentum as risk sentiment improved on news that Italy is showing some flexibility to adjust its 2019 budget deficit target, allowing the Euro to head higher and dragging the commodity bloc currencies with it. Things turned a little sour though after ECB President Mario… Read More »