Tag Archives: forex

23 Sept: Renewed safe haven demand sent stocks lower on Friday. Jpy, Chf higher. US$ mixed. PMIs in focus on Monday.

Stocks fell on Friday while the US$ was mixed, with safe haven demand for the Jpy and the Chf notable after a Chinese agricultural delegation cancelled a planned goodwill visit to the US agricultural heartland of Montana, which again raised questions on a positive trade outcome. This news also hurt the commodity currencies, with the Aud and Nzd… Read More »

18 Sept: WTI down 6% as Saudi production is restored. US$ lower, stocks steady, with all eyes now on the Fed.

The US$ is lower on Tuesday after a mostly choppy and range-bound session ahead of an expected interest rate cut by the Federal Reserve later today, with the Euro leading the way higher, underpinned by strong rebound in German economic sentiment.  The German ZEW Economic Sentiment rose to -22.5 in September, up from -44.1 and beat expectation of… Read More »