Wednesday , September 18 2019
Home / Tag Archives: Featured

Tag Archives: Featured

What Will the Fed Do?

Market Drivers September 18, 2019 UK CPI cooler All eyes on the Fed Nikkei -0.18% Dax 0.09% UST 10Y 1.76% Oil $58/bbl Gold $1502/oz BTCUSD $102017 Europe and Asia: GBP UK CPI 1.7$% vs. 1.8% North America: CAD CPI 8:30 USD FOMC Rate Decision 14:00 Currencies were predictably quiet in pre-FOMC trade with the dollar slightly stronger across the board as trader awaited the FOMC rate decision later in the day. On the econ front, UK CPI data came in cooler than expected with core printing at...

Read More »

Why is the Dollar So Strong Ahead of a Rate Cut?

Why is the Dollar So Strong Ahead of a Rate Cut? Daily FX Market Roundup Sept 17, 2019 Tomorrow’s Federal Reserve monetary policy announcement is the biggest event risk of the week and while the central bank is widely expected to lower interest rates for the second time this year, USD/JPY is trading at its strongest level in more than a month. Typically interest rate cuts drive currencies lower, but as we saw with last week’s European Central Bank meeting when the euro bottomed after...

Read More »

Dollar Gets Stronger

Market Drivers September 17, 2019 GE ZEW slightly better RBA hints at more easing Nikkei 0.06% Dax -0.14% UST 10Y 1.82% Oil $62/bbl Gold $1497/oz BTCUSD $10,175 Europe and Asia: EUR GE ZEW -22 vs. -33 North America: CAD Manufacturing Sales 8:30 It was a quiet night in FX trade with a mishmash of small idiosyncratic stories driving majors today but the unifying theme in the market was the continued strength of the dollar ahead fo the Fed meeting tomorrow. In Australia, the RBA minutes...

Read More »

Why Investors are Nervous Ahead of FOMC

Why Investors are Nervous Ahead of FOMC Daily FX Market Roundup Sept 16, 2019 There are four central bank monetary policy announcements on the calendar this week but the Federal Reserve’s is hands down the most important. On Friday we talked at length about what to expect for FOMC and we’ll touch on that again tomorrow, the eve before the Fed meeting. However for now, we’d like to discuss the broad based rally in the US dollar. The greenback strengthened against all of the major...

Read More »

After Oil Drama FX Settles Down

Market Drivers September 16, 2019 Oil spikes but off highs calming risks Johnson and Junker to meet Nikkei closed Dax -0.60% UST 10Y 1.86% Oil $59/bbl Gold $1503/oz BTCUSD $10,315 Europe and Asia: CNY IP 4.2% vs. 5.4% North America: No Data A wild open to the week’s trade in global capital markets today as a weekend attack on Saudi oil facilities took 5% of the world production offline sparking a 20% gap open in oil and sending risk FX lower. However, sentiment quickly stabilized after...

Read More »

USDJPY Up 7 out of 8 Trading Days

USDJPY Up 7 out of 8 Trading Days Daily FX Market Roundup Sept 13, 2019 Next week is the Federal Reserve’s monetary policy announcement and despite widespread expectations for the Fed’s second rate cut this year USD/JPY is trading strongly ahead of the rate decision. The pair ended the week up for the 7th out of 8 trading days. The latest economic reports beat expectations with retail sales rising 0.4% in the month of August, which was double expectations. Consumer sentiment also...

Read More »

3 Reasons Behind EURO’s V-Shaped ECB Reversal

3 Reasons Behind EURO’s V-Shaped ECB Reversal Daily FX Market Roundup Sept 11, 2019 The European Central Bank went above and beyond today in rolling out a massive stimulus package. Their actions not only reflect their desperation but also their resolve to boost the Eurozone economy and mitigate the risk of recession. These were the five steps taken today and when they were first announced, the combination of efforts drove EUR/USD to a low of 1.0927. The ECB also lowered their inflation...

Read More »

Can Mario Keep it Super?

Market Drivers September 12, 2019 USDJPY takes out 108.00 but fades off highs All eyes on ECB Nikkei 0.75% Dax 0.09% UST 10Y 1.72% Oil $55/bbl Gold $1504/oz BTCUSD $10,000 Europe and Asia: EU IP North America: ECB Rate 7:45 ECB Presser 8:30 More positive murmurings on the US-China trade front helped fuel a small rally in yen pairs during the Asian session trade but some of the enthusiasm wore off by the time London dealing came online. President Trump delayed an increase in tariffs by 15...

Read More »

EUR Outlook – How ECB Could Disappoint

EUR Outlook – How ECB Could Disappoint Daily FX Market Roundup Sept 11, 2019 Tomorrow’s European Central Bank monetary policy announcement is the most important event risk of the week and we are not surprised that EUR/USD broke below 1.10 ahead of this rate decision. Investors have big expectations for this meeting because of widespread deterioration in the Eurozone economy and talk of recession in Germany. Euro hit a 2-year low last week against the US dollar as German bund yields...

Read More »

Risk Flows Cool Off in FX

Market Drivers September 10, 2019 UK Labor beats Chinese inflation a bit hotter Nikkei 0.35% Dax -0.33% UST 10Y 1.62% Oil $57/bbl Gold $1495/oz BTCUSD $10295 Europe and Asia: CNY CPI 2.8% vs. 2.7% GBP UK Labor 3.8% vs. 3.9% GBP UK Wages 3.8% vs. 3.7% North America: CAD Housing Starts FX markets were quiet on the second trading day of the week with little fresh newsflow to move currencies as the Brexit drama took a pause while econ data was limited to UK labor releases. UK employment...

Read More »