Category Archives: Daily Outlook

30 Aug: Stocks up again. US$ mixed. Cable likes positive Brexit headlines. Australian CAPEX ahead. German CPI later.

  The US$ is mixed on Thursday, higher against the Jpy, underpinned by another record close in US stocks, while lower against the EU majors, where Cable led the way higher after EU chief Brexit negotiator Barnier said that the EU is prepared to offer Britain a bespoke partnership unlike any other third country. Germany’s Foreign minister has… Read More »

27 Aug: US$ down, stocks up, as Fed confirms gradual rate rate hikes will continue. Politics in focus again this week.

  The US$ retreated but stocks climbed higher on Friday, with the S&P and the Nasdaq reaching new all-time highs, after Fed Chairman Jerome Powell affirmed US economic strength, and confirmed that the gradual interest rate hikes were the best way to protect the economic recovery.  Powell said there were no “clear signs” of an elevated risk of… Read More »

23 Aug: FOMC Minutes fail to inspire the US$, despite hints of another hike. ECB Minutes ahead. Jackson Hole, Friday.

  The US$ remains under pressure against all its major counterparts on Thursday following the Fed Minutes which in themselves provided little surprise, with many participants seeing  another rate hike likely to be coming  ‘soon’. Traders had clearly priced this in and were looking for something more definitive from the Fed, and have kept the pressure on the… Read More »