Category Archives: Daily Outlook

12 Sept. US$ heavy, oil sharply higher as Hurricane Florence moves towards the East Coast. Thin calendar ahead.

  Most markets have had a steady session on Tuesday as traders await the main events of the week, the ECB/BOE Meetings, due on Thursday. The exception has been WTI which has shot higher (+2.37%), led by surging gas prices as Hurricane Florence threatened U.S. East Coast gasoline markets. Stock markets were firm (DJI, S+P +0.4%, Nasdaq +0.6… Read More »

10 Sept: Solid jobs data underpins the US$. ECB, BOE interest rate decisions this week. China CPI today.

  The dollar is higher following solid US employment data on Friday, while stocks fell for a 4th consecutive session after Donald Trump’s threat to escalate the trade war with China, damaging both technology and multinational shares. The major US indices fell by around 0.2%-0.3%, while US yields climbed higher, with the US10Y reaching 2.94%, overcoming some technical… Read More »