Saturday , December 7 2019
Home / Tag Archives: Featured (page 30)

Tag Archives: Featured

UK Labor Helps Cable Hold 1.2900

Market Drivers January 22, 2019 Risk off flows dominate Asia trade UK Retail Labor data generally in line Nikkei -0.47% Dax -0.29% Oil $53/bbl Gold $1285/oz. Europe and Asia: GBP UK Labor Avg. Weekly earnings 3.3 vs. 3.3% GBO UK Unemployment 4.0% vs. 4.1% North America: CAD Wholesale Sales 8:30 US Existing Home Sales 10:00 A slight risk-off tilt to the FX markets tonight with high beta currencies falling 20 to 30 pips from Asia open as Huawei news clearly aggravated investor sentiment....

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Behind USD Rise and 3 Options for Brexit Plan B

Behind USD Rise and 3 Options for Brexit Plan B Daily FX Market Roundup Jan 18, 2019 The U.S. dollar traded higher against all of the major currencies today with the exception of the Canadian dollar because as it turns out, the U.S. government shutdown has been good for the dollar and stocks. Outside of the decline on the first day of 2019 trade, there has not been a down day for the Dow or S&P. But don’t mistaken the government shutdown is not actually positive for U.S. assets....

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UK Retail Sales Shows the Price of Brexit

Market Drivers January 18, 2019 USDJPY continues higher 109.50 taken out UK Retail Sales misses Nikkei 1.29% Dax 1.06% Oil $52/bbl Gold $1285/oz. Europe and Asia: UK Retail Sales -0.8% vs. -0.9% North America: CAD CPI 8:30 Risk on flows continued to propel USDJPY today with the pair running through the 109.50 level in afternoon Asian trade as bourses both in Asia and Europe rose by more than 1%. The speculation that US may lift some trade tariffs against China, thus easing tensions in...

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Risk Off Tone Gives Dollar a Slight Bid

Market Drivers January 17, 2019 Dollar bid as risk-off flows start the day Trade impasse weighs Nikkei -0.20% Dax -0.69% Oil $53/bbl Gold $1292/oz. Europe and Asia: AU Home Loans -0.9% vs. -1.5% North America: USD Philly Fed 8:30 With no economic data and little newsflow, the currency markets were very quiet today tracing out 20 pip ranges in most of the pairs, but the tone tilted to the risk off side helping put a slight big into the dollar and the yen. With Brexit vote past us, the US...

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Some Quick Notes on Post Brexit Vote Trade

Some Quick Notes on Post Brexit Vote Trade by Kathy Lien, Managing Director of FX Strategy Daily FX Market Roundup Jan 16, 2019 Prime Minister May’s Brexit deal suffered a big defeat yesterday in Parliament. She lost by 230 votes, which was her worse case scenario. Instead of falling however GBP surged on the decision and is trading well above 1.28. As BoE Governor Carney pointed out this morning, the rebound in the currency reflects expectations that Article 50 will be extended and...

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GBP – How to Trade the Brexit Vote

GBP – How to Trade the Brexit Vote Daily FX Market Roundup Jan 14, 2019 For the next 48 hours, there’s nothing more important than the Brexit vote. Members of Parliament will begin voting on Prime Minister May’s withdrawal agreement at 7pm London time on Tuesday. There is no specific time for the vote to end, but it should happen in the late North American or early Asia session. At this point, May is expected to lose by a margin big enough to force her to seek an Article 50 extension....

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Why Its Not a Good Time to Buy Dollars

Why Its Not a Good Time to Buy Dollars Daily FX Market Roundup Jan 11, 2019 By Saturday, the U.S. government will be in the midst of its longest shutdown ever and while this stoppage to government activity is gripping politicians and the media, the impact on the financial markets have been limited. U.S. stocks recovered throughout the past week, volatility declined and the greenback, which fell hard at the end of the year is stabilizing. For the most part, it was a quiet week in the...

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Dollar Mixed Ahead of CPI, Antipodeans Lead The Way

Market Drivers January 11, 2019 AU data beats, antipodeans lead UK data mixed, cable steady Nikkei 0.979% Dax -0.07% Oil $53/bbl Gold $1292/oz. Europe and Asia: AU Retail Sales 0.4% vs. 0.3% UK GDP 0.2% vs. 0.1% UK Trade -12B vs. -11.4B UK MP -0.3% vs. 03% North America: USD CPI 8:30 Aussie and kiwi were the biggest winners in relatively quiet Asian and early London trade today, as markets awaited US CPI data due at 13:30 GMT. Better Australian Retail Sales helped start the rally in...

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Anti-Dollar Rally Hits A Wall

Market Drivers January 10, 2019 Euro runs into resistabnce above 1.1550 Nikkei 11.29% Dax -0.22% Oil $52/bbl Gold $1292/oz. Europe and Asia: No Data North America: USD Weekly Jobless 8:30 A very quiet night of trade in FX today after yesterday’s massive anti-dollar rally in the wake of decidedly dovish tilt by the FOMC that suggested any further rate hike from the Fed will be on hold for the foreseeable future. The majors mainly consolidated but ran into resistance at key levels as they...

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FX Today Central Banks in Focus – Will BOC Hike? Fed Halt?

Market Drivers January 9, 2019 Slight risk on bias starts the day BOC and FOMC minutes on tap Nikkei +1.1% Dax 0.53% Oil $50/bbl Gold $1282/oz. Europe and Asia: AUD Building Permits -9.1% vs. -0.5% North America: CAD BOC Rate Decision 10:00 USD FOMC Minutes 14:00 Another sedate session for currencies tonight but FX market saw slight risk on bias through Asian and early European trade as positive noises from US -China trade talks boosted market sentiment. US-China trade talks appear to be...

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