Sunday , September 22 2019
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Tag Archives: UK Outlook

Dollar Wobbles in End of Week Trade

Market Drivers September 20, 2019 USDJPY under 108.00 on BOJ Hold Cable at multi-month highs Nikkei 0.16% Dax -0.18% UST 10Y 1.77% Oil $58/bbl Gold $1504/oz BTCUSD $10100 Europe and Asia: No Data North America: CAD Retail Sales 8:30 A quiet end of week session in FX today with no major events on the calendar and little fresh news on the political front. Cable hit fresh multi-month highs on continued optimism regarding Brexit negotiations but the news out of Brussels was that there were...

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Deal or No Deal? For Cable 1.2500 Will Tell the Story

Market Drivers September 19, 2019 UK Retail Sales mixed BOJ holds Nikkei 0.38% Dax 0.35% UST 10Y 1.77% Oil $58/bbl Gold $1497/oz BTCUSD $9898 Europe and Asia: GBP UK Retail Sales -0.2% vs. 0.2% North America: GBP BoE Meeting 7:00 The FX markets were generally steady in overnight trade with the dollar weaker against the European currencies but up against the commodity dollars which continued to suffer from weak economic data. The dollar declined slightly in the wake of the 25bp FOIMC rate...

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Dollar Rallies on Hawkish Fed Cut, 3 More Rate Decisions Ahead

Dollar Rallies on Hawkish Fed Cut, 3 More Rate Decisions Ahead Daily FX Market Roundup Sept 17, 2019 For the second time this year, the Federal Reserve lowered interest rates by 25bp to a range of 1.75% to 2%. This widely anticipated move failed to hurt the dollar, which ended the NY session up against all of major currencies. Today’s move by the Fed was a hawkish hike where two members voted against easing. To everyone’s disappointment, Fed Chairman Jerome Powell provided limited...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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