Tag Archives: commodities

11 Aug: Risk-off mood undermines stocks. US PPI miss keeps US$ pressured ahead of today’s CPI.

  The US$ and stockmarkets are under pressure on Friday, ahead of the upcoming CPI reading, after the PPI unexpectedly fell in July by recording the biggest drop in 11 months and pointing to a further moderation in inflation that could delay any Fed interest rate hike. In the 12 months through July, the PPI increased 1.9%, after… Read More »

10 Aug: Risk aversion boosts Yen, Chf, Gold. RBNZ on hold. Political soundbites to continue to be the focus.

  It has been a day of cutting risk positions and seeking a safe-haven, with the Yen and Swiss Franc, in particular, demand as US-North Korean tensions remain the main theme of the markets. On the other hand, the Aud and the Kiwi have been discarded with risk-associated assets being heavily sold. The Kiwi is now awaiting the… Read More »

9 Aug: Solid US Jobs data and Trump comments yield choppy conditions for markets. China CPI in focus today.

  It has been a mixed and rather choppy session for the dollar in the absence of any major data, rising slightly against the EU majors and commodity currencies but under pressure still against the Jpy, which attracted some safe haven demand as stock retreated from their highs after both the S+P and DJI had made new record… Read More »

8 Aug: Markets quiet as focus turns towards Friday’s US CPI release. OPEC Meeting today.

  Monday has generally been a very steady session as the market digests Friday’s unemployment numbers, with the most notable point being that the DJI made a record high for the 9th successive session.  Elsewhere markets have been steady, and in terms of data it has been thin. The EU Sentix investor confidence dropped to 27.7 in August,… Read More »

7 Aug: Good US jobs data, Friday, allows the dollar a reprieve. Australian Job Ads, EU Sentix coming up today.

  The US$ recovered some of its recent lost ground on Friday following the release of the US Jobs data, showing that the July non-farm payroll  grew by 209k, above expectation of 180k, while the previous month’s figure was revised up to 231k, from 222k. The headline unemployment rate dropped by 0.1% to 4.3%, a 16 year low.… Read More »