Tag Archives: fx

22 Jul: US$ firm after WSJ hints at a 25bp Fed cut on July 31. ECB Meeting, Brexit & US Q2 GDP in focus this week.

Friday reversed the moves of Thursday, when the US$ and metals had weakened on the back of the dovish comments from the Fed’s William’s, who had hinted at a more aggressive easing plan  from the Fed than had previously been expected.  Instead, after a mostly consolidative session on Friday, some late headlines saw the dollar regain some ground,… Read More »

17 Jul: Strong US R/S underpin the US$, yields. WTI -3%. Gbp lower on Brexit no-deal prospect. UK/EU CPI in focus today.

  It has been a busy news day, providing plenty of volatility across the different asset classes. First up, the US June Retail Sales came in much better than expected, at 0.4% mm in June, above expectation of 0.1%, while the ex-auto sales also rose 0.4%, above expectation of 0.1%. The GDP-feeding control group component rose by a… Read More »

16 Jul: Markets steady ahead of important US data; RS, IP, CU, BI all due. NZ CPI, RBA Minutes the focus in Asia.

  The dollar ended mixed on Monday in thin, summer trading; slightly firmer against the majors and a little softer against the commodity currencies, following on from yesterday’s better than expected Chinese data, despite the Q2 GDP, which continued to slow, with the GDP coming in at 6.2%. Donald Trump kept the pressure up yesterday on the trade… Read More »