4 Nov: Solid US Jobs data propels stocks to all time highs. US$ mixed. RBA, BOE rate decisons this week.

It was a busy session on Friday after a slew of important data from the US and updated reports that US/China trade talks are progressing well and could be in line to sign an initial deal later this month. By the end of the session, the S+P was closing the week at a new all-time high, the US$… Read More »

The post 4 Nov: Solid US Jobs data propels stocks to all time highs. US$ mixed. RBA, BOE rate decisons this week. appeared first on FXCharts.

1 Nov: US$, stocks heavy after FOMC decison and some soft US data. NFP in focus, Friday.

  It has been a mixed session following on from the Fed decision to keep rate on hold. The US$ is a little lower, particularly against the Jpy, which has seen good gains since Fed Chair, Jerome Powell indicated that it would take a sharp turn higher in inflation for the FOMC to contemplate a rate hike. This,… Read More »

The post 1 Nov: US$, stocks heavy after FOMC decison and some soft US data. NFP in focus, Friday. appeared first on FXCharts.

31 Oct: Fed cut rates, US$ slightly weaker, stocks firm. BOJ Meeting today. EU GDP, CPI Later

As expected, the Fed cut interest rates for the third time this year in a move to ensure that the US economy weathers a global trade war without slipping into a recession, but signalled its rate-cut cycle might be on hold for the time being. Fed Chair Powell said that he believes monetary policy is currently in a… Read More »

The post 31 Oct: Fed cut rates, US$ slightly weaker, stocks firm. BOJ Meeting today. EU GDP, CPI Later appeared first on FXCharts.

30 Oct: Steady as she goes ahead of the FOMC, due late Wednesday. Australian CPI ahead. UK election; Dec 12th!

Tuesday has been pretty quiet as traders wait on the FOMC, due later today. Stocks and commodities are flat while in the FX markets the EU currencies have been choppy but without doing a great deal. Even Sterling has been well behaved and seems pretty much exhausted by the never-ending Brexit saga. As I write, it has just… Read More »

The post 30 Oct: Steady as she goes ahead of the FOMC, due late Wednesday. Australian CPI ahead. UK election; Dec 12th! appeared first on FXCharts.

29 Oct: US$ lower, Stocks, yields up on trade deal optimism. Thin calendar until tomorrow’s FOMC and US GDP, ADP.

The US$ is lower while stocks and bond yields are higher, with the S+P at a new all-time high, as a more conciliatory tone between the US and China buoyed hopes for a possible trade deal, while traders are also looking forward, with some optimism, toa rate cut by the Fed at Wednesday’s FOMC Meeting. Donald Trump underpinned… Read More »

The post 29 Oct: US$ lower, Stocks, yields up on trade deal optimism. Thin calendar until tomorrow’s FOMC and US GDP, ADP. appeared first on FXCharts.

28 Oct: US stocks, dollar, yields all firm ahead of Wednesday’s FOMC Meeting. Thin calendar until then.

The US$ was higher on Friday despite traders looking towards Wednesday’s FOMC Meeting, at which it is expected that the Fed funds rate will be cut by another 25 basis points. The Euro was dragged down by Sterling, which entered the world of the absurd as confusion reigned over whether or not the UK will leave the EU… Read More »

The post 28 Oct: US stocks, dollar, yields all firm ahead of Wednesday’s FOMC Meeting. Thin calendar until then. appeared first on FXCharts.