24 Nov: US stocks firm while the $ bounces on upbeat US Manufacturing/Services data, covid vaccine stories. German GDP, IFO in focus today

For once, it has been the turn of the FX markets to take centre stage on Monday, on the back of some positive manufacturing and services PMI figures which indicated…

Continue Reading 24 Nov: US stocks firm while the $ bounces on upbeat US Manufacturing/Services data, covid vaccine stories. German GDP, IFO in focus today

23 Nov: Markets rangebound; conflicting headlines keep traders sidelined. Flash PMIs in focus, Monday. US Thanksgiving, Thursday.

Both the FX and stock markets ended the week on a mostly quiet note, generally within their familiar ranges as traders struggle to find clarity over the contradicting headlines regarding…

Continue Reading 23 Nov: Markets rangebound; conflicting headlines keep traders sidelined. Flash PMIs in focus, Monday. US Thanksgiving, Thursday.

20 Nov: Stocks, FX rangebound as lockdown concerns/vaccine hopes contest for upper hand. Australian R/S ahead. G20; Riyadh, Sat/Sun

Both the FX and the stock markets are more or less flat at the end of Thursday trade as traders balance out the concerns of mounting Covid-inspired shutdowns and layoffs…

Continue Reading 20 Nov: Stocks, FX rangebound as lockdown concerns/vaccine hopes contest for upper hand. Australian R/S ahead. G20; Riyadh, Sat/Sun

19 Nov: Stocks flat, US$ heavy despite further positve vaccine news. Australian Jobs data ahead today.

Further good news on the pandemic was unable to help US stocks on Wednesday, with the major indices ending down by around 0.25%, apparently fully pricing in the chances of…

Continue Reading 19 Nov: Stocks flat, US$ heavy despite further positve vaccine news. Australian Jobs data ahead today.

18 Nov: Stocks, US$ ease after soft R/S figures. Powell says recovery has significant downside risks in near term. Wednesday focus: EU/UK CPI.

The US$ and the main US stock indices have dipped on Tuesday, with both the S&P and the DJI retreating from Monday’s all-time highs following some  disappointing retail sales data…

Continue Reading 18 Nov: Stocks, US$ ease after soft R/S figures. Powell says recovery has significant downside risks in near term. Wednesday focus: EU/UK CPI.

17 Nov: Risk sentiment underpinned by more positve vaccine headlines. RBA Minutes ahead. US R/S, I/P, C/U & NAHB all due later.

Risk-sentiment remains positive on Tuesday, underpinned by some more good news on the coronavirus vaccine, with the announcement from Moderna Inc; who said that its vaccine was shown to be…

Continue Reading 17 Nov: Risk sentiment underpinned by more positve vaccine headlines. RBA Minutes ahead. US R/S, I/P, C/U & NAHB all due later.

16 Nov: Stocks firm, FX mixed, oil lower as traders weigh up vaccine hopes against a 2nd Covid wave. China data in focus on Monday.

The US$ was mixed but generally a little lower on Friday, with the DXY ending the session down by -0.22%, and once again the real action was in the stockmarkets…

Continue Reading 16 Nov: Stocks firm, FX mixed, oil lower as traders weigh up vaccine hopes against a 2nd Covid wave. China data in focus on Monday.

13 Nov: US$ mixed, stocks, bond yields lower as Covid cases surge in the US. EU GDP & US PPI, Consumer Sentiment today’s calendar focus.

The US$ is mixed on Friday, with the Euro hanging in at 1.1800 where it has spent the last few sessions, while Sterling suffered some notable selling after slightly weaker…

Continue Reading 13 Nov: US$ mixed, stocks, bond yields lower as Covid cases surge in the US. EU GDP & US PPI, Consumer Sentiment today’s calendar focus.