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.

12 Nov: Choppy conditions prevail through US holiday. German/US inflation data, UK GDP & US weekly jobless claims in focus, Thursday.

The US$ continued its recovery of the last couple of days with the DXY ending Wednesday up by around 0.3% in limited trade due to the US Veterans Day Holiday.…

Continue Reading 12 Nov: Choppy conditions prevail through US holiday. German/US inflation data, UK GDP & US weekly jobless claims in focus, Thursday.

11 Nov: Stocks consolidate. Sterling higher as Brexit talks continue. RBNZ in focus, Wednesday. US/Canada Veterans Day holiday

It was a generally consolidative session on Tuesday as stocks retraced a little of their sharp rally seen on Monday, while the FX were mostly rangebound, with the exception of…

Continue Reading 11 Nov: Stocks consolidate. Sterling higher as Brexit talks continue. RBNZ in focus, Wednesday. US/Canada Veterans Day holiday

10 Nov: Stocks, oil, bond yields soar on upbeat vaccine trials. US$ firmer in choppy trade. China CPI ahead, EU ZEW later.

The major US stock indices have soared to reach record highs on Monday as the first successful data from a large scale, late-stage Covid vaccine trial being developed by Pfizer…

Continue Reading 10 Nov: Stocks, oil, bond yields soar on upbeat vaccine trials. US$ firmer in choppy trade. China CPI ahead, EU ZEW later.

9 Nov: Biden wins but Trump yet to concede. Thin calendar this week: China CPI (Tue), RBNZ Meeting (Wed), German/US CPI (Thur) in focus.

The US$ remained heavy on Friday, while stock markets were generally choppy and sideways following on from the solid rally seen through the week  as the world waited to find…

Continue Reading 9 Nov: Biden wins but Trump yet to concede. Thin calendar this week: China CPI (Tue), RBNZ Meeting (Wed), German/US CPI (Thur) in focus.

6 Nov: Stock rally continues. US$ sold as traders look to a Biden victory. US jobs/NFP in focus on Friday.

The FX market finally stole some of the focus away from the stockmarkets on Thursday as traders heavily sold the dollar although the US stock indices did manage another 2%…

Continue Reading 6 Nov: Stock rally continues. US$ sold as traders look to a Biden victory. US jobs/NFP in focus on Friday.

5 Nov: Stocks soar, US$ volatile, WTI up too, as election result hangs in the balance. BOE and Fed interest rate decisions ahead today.

Markets remain in full-on risk mode on Thursday despite the US election still being in the balance, with the threat of legal action hanging over the final outcome. After some…

Continue Reading 5 Nov: Stocks soar, US$ volatile, WTI up too, as election result hangs in the balance. BOE and Fed interest rate decisions ahead today.

4 Nov: Full risk-on mood as the US heads to the polls. Stocks up 2%, safe-haven US$ lower. A busy calendar ahead, Australian R/S coming up.

Tuesday has been a full “risk-on” session, as traders dial down on expectations for big swings in US stockmarkets, instead looking for market uncertainty to recede after the US Election.…

Continue Reading 4 Nov: Full risk-on mood as the US heads to the polls. Stocks up 2%, safe-haven US$ lower. A busy calendar ahead, Australian R/S coming up.

3 Nov: US$, stocks both firm ahead of the the US election. Polls open later today. RBA the immdiate focus – a rate cut & QE are expected.

At last it is Election Day and the polls in the US suggest that Joe Biden has maintained his lead over the weekend against Donald Trump although the key battleground…

Continue Reading 3 Nov: US$, stocks both firm ahead of the the US election. Polls open later today. RBA the immdiate focus – a rate cut & QE are expected.