Category Archives: Daily Outlook

27 Mar: Markets steady after Congress’ failure to pass the healthcare bill. Article 50 to be the main event this week.

  Markets were choppy but generally rangebound on Friday despite the failure to make any progress on Donald Trump’s healthcare bill. In terms of data, the US durable goods orders jumped 1.7% in February versus expectation of 1.2% while the Euro was underpinned by some solid PMI data. The EU PMI manufacturing rose to 56.2 in March, up… Read More »

21 Mar: Markets steady. Cable heavy after Brexit-Article 50 to be triggered next week. RBA Minutes, UK CPI today’s focus

  Markets have mostly been steady on Monday although the dollar remains under some pressure following last week’s FOMC meeting. Cable has also been placed under some pressure after UK Prime Minister Theresa May announced that Article 50 on Brexit will be triggered next Wednesday, March 29. Commodities and Stocks are more or less unchanged. The RBA Minutes… Read More »

17 Mar: Markets choppy as traders disseminate the Fed move. Trump/Merkel meeting today

  Following on from the post-Fed interest rate hike of the previous session, markets have been rather more steady on Thursday, mostly confined to a relatively narrow range as traders attempt to determine the next direction. In terms of data, today’s results seems to back up the theory that the US economy remains resilient, with the homebuilding figures… Read More »

16 Mar: US$ spikes lower, stocks/commodities higher, after a dovish interpretation of the Fed outlook

  Stocks are higher, while the dollar has spiked sharply lower on the dovish interpretation by the market of the Fed’s outlook for the remainder of the year, after having raised rates by 25bp at today’s meeting. The disappointment comes from effectively no upward revision in the projected rate path from the previous readings. The median projection of… Read More »

15 Mar: US$ mixed ahead of today’s FOMC. WTI bounces from new trend lows after inventory drawdown

  The US$ is mixed today after stronger than expected US inflation data, with the headline PPI climbing by 0.3% mm and 2.2% yy in February, compared to the previous month’s 0.6% mm and 1.6% yy, while beating expectations of 0.1% mm and 2.0% yy. In other currencies, Sterling sold off once again on Brexit issues, with Scottish… Read More »

14 Mar: US$ rangebound, stocks sideways as focus looks towards the Fed. China RS/IP, German CPI, EU IP today

  The dollar has ended up mixed, within a fairly narrow range against the major counterparts, while stocks have slipped a little as traders jockey for position ahead of Wednesday’s FMC Meeting at which a rate hike is now pretty much fully written in. The main action in the currency markets was seen in Sterling, which showed some… Read More »