18 Dec: US$ selloff intensifies on worse than expected jobless claims. S+P, Nasdaq at new highs. BOJ Meeting, German IFO in focus Friday.

The selloff in the US$ has intensified following the release of the weekly jobless claims figure, which came in a fair bit worse than expectations, while the Philadelphia Fed Mfg…

Continue Reading 18 Dec: US$ selloff intensifies on worse than expected jobless claims. S+P, Nasdaq at new highs. BOJ Meeting, German IFO in focus Friday.

17 Dec: Fed leave rates on hold but remain dovish. Australian Unemployment ahead. BOE/SNB Meetings later in the session.

The US$ plumbed new  30 month lows ahead of the FOMC Meeting on Wednesday , not helped by a miss in the expectations of the November Retail Sales, although it…

Continue Reading 17 Dec: Fed leave rates on hold but remain dovish. Australian Unemployment ahead. BOE/SNB Meetings later in the session.

16 Dec: Upbeat mood – as hopes grow of a US stimulus package, possible Brexit breakthrough. Services PMIs, Fed Meeting in focus Wednesday.

Tuesday has seen a more positive bias, with the major US stock indices pushing around 1% higher as lawmakers appear to be closing in on an agreement on a new…

Continue Reading 16 Dec: Upbeat mood – as hopes grow of a US stimulus package, possible Brexit breakthrough. Services PMIs, Fed Meeting in focus Wednesday.

15 Dec: Markets rangebound; waiting on developments re. Vaccine, Covid lockdowns, Brexit etc. RBA Minutes, China data ahead.

The US$ remains rangebound, while stockmarkets, after an early jump on the news that the Pfizer Covid vaccine is being rolled out in the US, seem to have rather lost…

Continue Reading 15 Dec: Markets rangebound; waiting on developments re. Vaccine, Covid lockdowns, Brexit etc. RBA Minutes, China data ahead.

14 Dec: Stocks, US$ steady, awaiting progress on stimulus/vaccine headlines. Sterling in focus as Brexit talks go nowhere. Big week ahead; FOMC, BOE, SNB, BOJ Meetings in focus.

Currencies were mixed on Friday although the US$ managed to squeeze up from its early session lows by the end of the day, allowing the DXY to post gains of…

Continue Reading 14 Dec: Stocks, US$ steady, awaiting progress on stimulus/vaccine headlines. Sterling in focus as Brexit talks go nowhere. Big week ahead; FOMC, BOE, SNB, BOJ Meetings in focus.

11 Dec: Jobless claims soar; US$ heavy, stocks mixed. Soaring Iron Ore price sends Aud$ to 2 year highs. German CPI and Brexit talks in focus

The US$ is lower, while stocks are mixed towards the end of the US session, driven by  a surge in the weekly Jobless Claims which jumped to a near three-month…

Continue Reading 11 Dec: Jobless claims soar; US$ heavy, stocks mixed. Soaring Iron Ore price sends Aud$ to 2 year highs. German CPI and Brexit talks in focus

10 Dec: Stocks, US$ reverse recent trend as mixed headlines over a stimulus package dent risk sentiment. ECB Meeting ahead. US CPI Later.

After having made yet new all-time highs early in the session, US stock indices have since reversed their fortunes and dropped by between 0.4% (S+P) and 2.0% (Nasdaq), while the…

Continue Reading 10 Dec: Stocks, US$ reverse recent trend as mixed headlines over a stimulus package dent risk sentiment. ECB Meeting ahead. US CPI Later.

9 Dec: US stocks at new highs – again – as hopes of a stimulus package continue to build. FX, commodities – quiet, rangebound.

While the FX markets have been very quiet, the stock markets have edged to yet new all-time highs on Tuesday as the prospect for further stimulus talks outweighed concern over…

Continue Reading 9 Dec: US stocks at new highs – again – as hopes of a stimulus package continue to build. FX, commodities – quiet, rangebound.

8 Dec: Sterling gyrates on Brexit deadlock. Stocks mixed near highs. Thin calendar ahead. Focus on the EU Q3 GDP and the ZEW.

Most of the action was seen in the FX Markets on Monday although the stock markets have also seen plenty of interest, with the US indices trading to yet new…

Continue Reading 8 Dec: Sterling gyrates on Brexit deadlock. Stocks mixed near highs. Thin calendar ahead. Focus on the EU Q3 GDP and the ZEW.