Category Archives: Daily Outlook

6 Dec: US$ remains firm on tax bill hopes. Stocks lower at the end of the US session. Australian Q3 GDP ahead.

  The US$ is firm on Tuesday, underpinned by optimism surrounding  the US tax reform, with traders seeming to think that it is just a matter of time before the final bill reaches Donald Trump for approval. The solid performance came about despite the soft US Services data, showing that the ISM non-manufacturing purchasing managers’ index showed a… Read More »

5 Dec: More new highs for stocks, US$ firm after tax plan vote. A busy session ahead for the Aud, led by the RBA

  Having gapped lower at the open on Monday following the weekend Senate vote on the tax bill, the US$ has traded in a relatively tight range against most pairs although Sterling remains relatively underpinned after comments from the EU’s chief Brexit negotiator, Guy Verhofstadt, that there is a 50/50 chance of making progress in the negotiations. Elsewhere,… Read More »

4 Dec: A wild ride Friday, with the US$ opening higher on Monday after the Senate passed Trump’stax bill, Saturday.

  The US$ and stockmarkets were both under pressure but recovered from their lows on Friday after reports that the former national security adviser to Donald Trump, Michael Flynn will testify against the President and/or Trump’s family. As some of the details and accusations grew clearer, the selling relented and the markets returned towards levels that had previously… Read More »