Tag Archives: fx

10 Dec: Soft US jobs data hints at slowing economic growth. ECB, SNB this week. Aud$ lower after weak w/e China CPI

  US stocks, the US$ and bond yields all finished Friday lower after the US jobs data came in weaker than expected in hinting at an economic slowdown that may support expectations of fewer interest rate increases from the Federal Reserve in 2019 than had previously been expected.  The NFP showed only 155k growth in November, well below… Read More »

7 Dec: ADP miss undermines US$. Trade concerns dominate ahead of EU Q3 GDP & US jobs data. Fed’s Powell up shortly.

The US$ is generally a little soft against the EU majors after weaker than expected job data, although risk aversion remains the overall theme dominating the price action, with US stocks again sharply lower following the arrest of the CFO of Huawei (DJI -1.7%, S+P -1.2%). Ahead of today’s NFP reading, the ADP report showed only 179k growth… Read More »

6 Dec: US markets steady. Aud$ lower. Australian Retail Sales ahead; OPEC too. Fed’s Powell speaking later.

It has been a thin session due to US markets being partially closed for George Bush’s funeral and most products are not too far removed from yesterday’s levels. Of note on Wednesday, the Aud$ is lower, dragging the Kiwi with it, following ongoing selling pressure on the back of yesterday’s poor GDP reading, while Sterling has bounced around… Read More »