Category Archives: Daily Outlook

18 Dec: US assets underpinned by increased expectations on tax reform. Australian MYEFO, EU CPI in focus today.

  The US$ was generally firm on Friday as Republicans continued to move towards finalising the promised tax overhaul, raising expectations that the bill would be passed by year-end. The main mover of the session was Sterling, which headed lower – finding little support as Brexit negotiations formally enter their next phase after EU officials decided that sufficient… Read More »

14 Dec: Fed hike by 25bp. US$ falls, metals rally. Australian jobs, China Retail Sales, then ECB, SNB & BOE Meetings

  The Fed have raised rates by 25bp to 1.5%, as widely expected, but left its interest rate outlook for the coming years unchanged given that inflation is unable to rise, even as policymakers project a short-term acceleration in U.S. economic growth. While employment is expected to remain robust, projected to fall to 3.9% in 2018, inflation is… Read More »