24 May: A volatile ride due to increased trade tensions and economic growth concerns. US D/G in focus today.

  Thursday was a rather volatile session on the back of the escalating trade tensions between the US/China, not helped by an exchange of accusations over Huawei, with traders becoming increasingly concerned over future economic growth trends after a series of weak data from both the EU and the US. The technology sector did not like it and… Read More »

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23 May: Oil lower on inventory build. FX mostly sideways, as Fed minutes maintain a steady course. PMIs today.

  Wednesday has ended with most products ending essentially unchanged after a choppy but volatile session, with the exception being oil, where WTI has fallen by 3% due to a shock US inventory build of 4.7 million barrels last week, versus expectations for a decline of nearly 600,000 barrels. Elsewhere it was generally fairly calm, with the FOMC… Read More »

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22 May: Risk aversion eases as Huawei sanctions delayed. Draghi speaking, FOMC Minutes in focus Wednesday

  Risk aversion eased a little on Tuesday as traders took heart from the US decision to delay the sanctions of Huawei for 90 days, with the stockmarkets ending the session +0.8%/+1.0%, taking US yields and US$Jpy along for the ride as demand for as safe haven diminished. Otherwise markets have generally been fairly rangebound and confined to… Read More »

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21 May: Increased trade tensions send stocks lower. RBA in focus on Tuesday, along with US/China developments.

  Monday has been a rather non-descript session as far as FX/commodities are concerned, with the main focus being on the stock markets,. The US indices are down by around 0.5%/1.5%, not liking the developments in the trade issues between the US/China, where neither side shows any sign of backing down on their existing stance, and with the… Read More »

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20 May: US$ firm, stocks lower on Friday. FOMC Minutes, PMIs, US Durable Goods – and politics – in focus this week.

  The US$ ended the week on a firm note, underpinned by weakness in Sterling, which dragged the Euro lower, and also in the Australian and NZ dollars, which both finished on a soft note and look very heavy given the economic issues facing both countries. Cable saw heavy selling on Friday because the Brexit negotiations between the… Read More »

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