Tuesday , August 20 2019
Home / Tag Archives: Daily Market Recaps

Tag Archives: Daily Market Recaps

FX: Getting a Sugar High from Talk of Stimulus?

FX: Germany, US, China All Talk Stimulus Daily FX Market Roundup August Investors are dipping their toes back into US assets. Stocks traded higher for the third day in a row, Treasury yields rebounded off their lows and the greenback started the week stronger against all of the major currencies. These moves had nothing to do with data as there are no major US economic reports on the calendar this week. Instead currencies continue to be driven by headline risk and the prospect of fiscal...

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Promise of Stimulus Helps Steady the Euro

Market Drivers August 19, 2019 EUR rebounds to 1,1100 onn German stimulus talk Risk trades better Nikkei 0.71% Dax 0.84% UST 10Y 1.58% Oil $55/bbl Gold $1507/oz BTCUSD $10750 Europe and Asia: EUR CPI North America: No Data FX markets were steady at the start of the trading week with risk assets bid up slightly as equities posted nearly 1% gains in Japan and Europe. With economic calendar essentially barren and no new headlines to drive trade most of the majors remained in steady ranges...

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Will EUR/USD Break 1.10?

Will EUR/USD Break 1.10? Daily FX Market Roundup August It has been a great week for the US dollar which recovered against all of the major currencies with the exception of sterling, which coasted on stronger UK data. The dollar’s rally was driven primarily by better than expected US data. Retail sales doubled expectations while year over year CPI growth edged closer to the central bank’s 2% target. These reports validate Fed Chairman Jerome Powell’s recent comments about the...

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The Rebound in the Pound Continues

Market Drivers August 16, 2019 EUR hits a 2 week low Pound rises above 1.2100 Nikkei 0.06% Dax 0.96% UST 10Y 1.56% Oil $55/bbl Gold $1507/oz BTCUSD $10000 Europe and Asia: No data North America: USD Building Permits/Starts 8:30 USD U of M 10:00 Financial markets started the final day of the week in a decidedly better mood with risk on flows all across equity markets as sentiment stabilized a bit. The dollar was stronger against both the euro and the yen while commodity pairs held steady...

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USDJPY Drops as US Data Beats but Fed Still Needs to Ease

USDJPY Drops as US Data Beats but Fed Still Needs to Ease Daily FX Market Roundup August The most important piece of US data scheduled for release this week was retail sales and even though consumer spending doubled expectations, investors shrugged off the news. For our readers, this should not be a surprise because yesterday we said nothing matters more than trade tensions, recession risks and global uncertainty. Even if consumer spending soars, the Federal Reserve will still need to...

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Data Soothes Risk , But China Aggravates It

Market Drivers August 15, 2019 AU Labor beats UK Retail Sales beats Nikkei -1.21% Dax -0.63% UST 10Y 1.56% Oil $54/bbl Gold $1517/oz BTCUSD $9800 Europe and Asia: AUD AU Labor 41.1 vs. 14.0 GBP UK Retail Sales 3.3% vs. 2.6% North America: USD Retail Sales 8:30 There was a decidedly risk-on tone in global equity markets with USDJPY spiking nearly 90 pips in a matter of minutes at the start of London trade, but the pair gave up much of its gains in the morning dealing after China came out...

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US Yield Curve Inversion – What it Means for You, Markets & FX

US Yield Curve Inversion – What it Means for You, Markets & FX Daily FX Market Roundup August 14, 2019 Most people have a simple and basic understanding of what a yield curve inversion means. They know that it is unusual and every headline tells them that its bad news for the economy. Some are even aware that when a yield curve inverts, long-term interest rates fall below short-term interest rates as investors require greater return for locking up their funds for 2 vs. 10 years....

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Trump Delays China Tariffs, How Durable is the Bottom in FX?

Trump Delays China Tariffs, How Durable is the Bottom in FX? Daily FX Market Roundup August 13, 2019 Currencies and equities raced higher after President Trump said he would delay tariffs on Chinese imports. He said “We’re doing this for the Christmas season. Just in case some of the tariffs would have an impact on U.S. customers.” Based on these comments, this overture is not a result of progress in US-China trade talks but instead pressure from US businesses. Regardless investors saw...

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In FX – Setting up for Perfect Storm of Risk?

Market Drivers August 13, 2019 UK Labor in line GE ZEW misses badly Nikkei -1.117% Dax 0.48% UST 10Y 1.64% Oil $55/bbl Gold $1524/oz BTCUSD $11350. Europe and Asia: GBP UK Labor 28K vs.42K UR GE ZEW -44 vs. -28 North America: USD CPI 8:30 FX markets were quiet but clearly concerned about the growing sense of political and economic risks across the globe with risk-off currencies still bid into the London morning trade. The primary hotspot is Hong Kong which has seen its airport face chaos...

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Don’t Buy these 3 Currencies

Don’t Buy these 3 Currencies Daily FX Market Roundup August 12, 2019 This week’s calendar is a jammed with market moving economic data but these releases will not alter the current trends in the market. For example, USD/JPY is very weak – it has been falling for seven out of the last eight trading days and is trading at its lowestt level in 7 months. This decline reflects the anxiety in the markets and the expectation for a response from the central bank. It is also reinforced by the...

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