After each of the BOJ, BOE and the SNB all left their respective interest rates on hold, it has been a relatively steady session on Thursday although both the Chf and Gbp saw a move higher, with Cable squeezing up to levels last seen in early July. Elsewhere, the Aud and the Kiwi remain heavy after more soft… Read More »
The post 20 Sept: BOE, SNB on hold. US$ mildly lower. Stocks drift sideways. Quiet calendar for Friday. appeared first on FXCharts.
The Fed did as expected and cut interest rates by 25bp on Wednesday but gave few hints of whether or when it might reduce borrowing costs further although in lowering the overnight lending rate to a range of 1.75% to 2.00% on a 7-3 vote, the FOMC did note the ongoing global risks and the “weakened” business investment… Read More »
The post 19 Sept: Fed cut by 25bp. Little market reaction. BOJ, BOE, SNB policy meetings today. Australian jobs data coming up. appeared first on FXCharts.
The US$ is lower on Tuesday after a mostly choppy and range-bound session ahead of an expected interest rate cut by the Federal Reserve later today, with the Euro leading the way higher, underpinned by strong rebound in German economic sentiment. The German ZEW Economic Sentiment rose to -22.5 in September, up from -44.1 and beat expectation of… Read More »
The post 18 Sept: WTI down 6% as Saudi production is restored. US$ lower, stocks steady, with all eyes now on the Fed. appeared first on FXCharts.
A hectic start to the week has seen oil jump by around 15% following on from the attack on the Saudi oil refinery, which has then created waves in other markets. Stocks closed down 0.5%, breaking an 8 day winning streak, while Gold spiked up by around 2% in early trade but has since given back around half… Read More »
The post 17 Sept: WTI up 15% after Saudi attack. Stocks lower, US$ firm. RBA Minutes ahead. FOMC in focus, tomorrow. appeared first on FXCharts.
The US$ ended Friday under some mild downside pressure, while stocks were mixed, despite some upbeat data that saw the US Retail Sales rise by 0.4% to in August, above expectations of 0.2% although the ex-auto sales rose by only 0.0% mm, below expectation of 0.1% mm. The Michigan Consumer Sentiment Index also beat expectations, coming in at… Read More »
The post 16 Sept: Firm US data fails to inspire the US$. FOMC (Wed) in focus. BOJ, BOE, SNB all follow (Thur). China RS today. appeared first on FXCharts.