Category Archives: Daily Outlook

25 May: Cautious FOMC Minutes pressure US$. Stocks, commodities firm. NZ Budget, UK Q1 GDP & secondary US data ahead.

  Having shrugged off the China downgrade by Moody’s yesterday and then having traded steadily through Mario Draghi’s speech, in which he pretty much maintained the status quo as far as the ECB is concerned, the dollar ended the day weaker after the release of the cautious FOMC Minutes, which were taken by traders as being slightly dovish.… Read More »

23 May: US$ slips on political uncertainty. Euro higher on Merkel comments. PMIs, IFO Fed speakers in focus today.

  Currency markets have been mostly mixed on Monday although the US$ remains under pressure, with the commodity bloc well underpinned as commodities take advantage of the softer dollar.  The Euro had a quick spike up from session lows after German Chancellor Angela Merkel said that it was “too weak” as a result of European Central Bank accommodative… Read More »

22 May: US$ slides on Trump concerns although stocks recover. FOMC minutes, PMIs & OPEC Meeting, this weeks focus.

  The dollar remained under broad pressure heading into the weekend, making it the worst week in over a year as the Trump saga continues. The Euro led the way higher on Friday, underpinned by growing expectations of a hawkish slant to the ECB’s June meeting and a possible winding down of the expansive monetary stimulus program. Cable… Read More »

19 May: US$ remains moderately higher ,supported by data. Cable volatile. US politics to dominate ahead of the w/e.

  Sterling was the major mover on Thursday, jumping back above 1.3000 after the much better than expected UK retail sales data (+ 2.3% mm in April, beating expectation of 1.10% mm), before collapsing again later in the session in what was a volatile day. Elsewhere, the US$ has been choppy while attempting a recovery after some upbeat… Read More »