Category Archives: Daily Outlook

10 Apr: Politics, US jobs data ensure a choppy end to the week, but US$ mostly firm. More of the same into Easter?

  Despite the strong ADP private jobs figure released last Wednesday, Friday’s Non-Farm Payroll data missed the mark by a wide degree, by coming in much weaker than expected with only 98k jobs being created in March, around half of expectations of 177k, while at the same time the previous month was revised down to 219k from 235k.… Read More »

6 Apr: A volatile ride but FOMC minutes send dollar/stocks lower. Trump-Xi meeting ahead today.

  It has been a fairly quiet session for the most-part on Thursday, at least until the release of the FOMC Minutes, which confirmed that the Fed is considering letting the balance sheet start to run off, without explaining how it will do it. The reaction was mixed, with stocks showing the most interest by spiking higher before… Read More »

31 Mar: US$ firmer after solid GDP revision. WTI higher. A busy session ahead. China Manufacturing PMI in focus

  Currencies are mixed on Thursday trade, with the dollar making some solid gains against the EU majors and the Yen, while Sterling is also generally firm, following on from the firing of the Brexit starting gun. Stocks and the metals are rangebound, while WTI is higher on hopes of extending the OPEC-led production cuts. In terms of… Read More »

30 Mar: Brexit triggered – Sterling survives – so far! US Q4 GDP, Fed speakers in focus today.

  Despite the anticipation of increased volatility following the triggering of Article 50 by the UK Government, markets have really been relatively stable, with the main move in Sterling seen in Asia yesterday, since when it has been relatively steady. The main mover in Europe/US trade has been in the Euro, which has extended its decline from earlier… Read More »