FX Markets traded mostly sideways on Thursday although in the commodities space, the metals and oil both caught a bid tone because of the spike in Middle East tensions with the bombing of oil tankers in the Gulf of Oman, which underpinned safe haven demand. Otherwise it was a quiet day as traders stand aside ahead of… Read More »
The US$ has traded mostly sideways on Thursday and there is little new to report in the FX markets although on the crosses, Yen strength and Aud$ weakness seem set to continue. . Elsewhere, WTI reversed the fall of the previous session due to the escalation of tensions in the middle east and seems likely to remain volatile,… Read More »
The US$ has made some mild gains on Wednesday despite the softer US inflation data which suggests that a Fed rate cut is on its way. Donald Trump ensured that the Euro remained under pressure with the hint of tariffs on the EU. Gold made some gains despite the dollar’s strength while oil took another hit, down by… Read More »
The US$ is generally a bit stronger on Thursday despite a miss in the expected US inflation outcome, which underlined the prospect of a Fed rate cut in coming months. The CPI rose by 0.1% mm in May while core CPI rose by 0.1% mm. Annually, the headline CPI slowed to 1.8% yy, down from 2.0% yy… Read More »
It has been a steady session with little new to look at as most products have been stuck in a range but this may change today as we have CPI data from both China and the US as well as speeches from various central bankers, including Mario Draghi. EurUsd: The Euro is a little firmer on Wednesday after… Read More »
Markets have been generally fairly steady on Tuesday although the US$ is mildly lower as traders focused on the US/China trade war and the growing possibility of a Fed rate cut in the coming months. Of note in the FX markets, Sterling has rallied on stronger than expected wage growth, while the BoE Deputy Governor Ben Broadbent… Read More »
The US$ has partially recovered from its lows, seen after Friday’s weak US payrolls, which convinced the financial markets that the Fed needs to act by cutting rates, but it has been a mostly choppy session on Monday and there is little to be seen from the heat-map although stocks still look healthy. With a rather empty calendar… Read More »
Monday has been a generally choppy session with most of the attention being on the conflicting headlines with regards to a possible trade war. Having finished last week on its lows, following the very poor US employment data, the dollar has partially recovered after Donald Trump removed the prospect of tariffs on Mexico, when an agreement on… Read More »
It has been a choppy session for the FX market on Thursday, and ended with the dollar pretty much unchanged from the previous day’s levels. The stock markets have had their 3rd good day in a row on the back of increasing hopes of a US rate cut, and look as though they have further constructive price action… Read More »
It has been a volatile ride on Wednesday, but ended with the dollar regaining some lost ground, while oil has seen further losses. Thursday’s attention will be on the ECB Interest Rate Decision – and how dovish, or not, Mario Draghi will be. Otherwise, things are likely to stay on hold while waiting on tomorrow’s NFP outcome, where… Read More »