19 Oct: US stocks/$ flat as strong retail sales fail to inspire markets. China GDP/RS/IP ahead along wth plenty of CB speakers

The US$ was little changed on Friday, with the DXY just 0.8% lower through the session, and the action was once again mostly in the stock markets, which finished the…

Continue Reading 19 Oct: US stocks/$ flat as strong retail sales fail to inspire markets. China GDP/RS/IP ahead along wth plenty of CB speakers

15 Oct: Risk-off mood prersists on mixed Q3 results, doubts over a pre-election rescue package. China CPI, Australian jobs ahead.

It has been a mostly choppy and sideways session in the FX markets on Wednesday although Sterling, which had stopped out the longs (including me!) by early European trade, in…

Continue Reading 15 Oct: Risk-off mood prersists on mixed Q3 results, doubts over a pre-election rescue package. China CPI, Australian jobs ahead.

14 Oct: Risk-off mood returns despite some decent US banking results. Focus today on further Q3 numbers, Trump/Biden headlines.

Despite some impressive Q3 results from JPM and from Citigroup, stocks headed into reverse on Tuesday, with the focus of traders being on the news that Johnson and Johnson have…

Continue Reading 14 Oct: Risk-off mood returns despite some decent US banking results. Focus today on further Q3 numbers, Trump/Biden headlines.

13 Oct: Stocks rally – again. FX Sideways. Oil lower. China TB, UK Jobs, German CPI, EU/ German ZEW Survey, US CPI all ahead today.

Despite being a partial holiday in the US on Monday, stock markets were open and had another strong session, with the US indices seeing good gains of anywhere between 1.1%(DJI)…

Continue Reading 13 Oct: Stocks rally – again. FX Sideways. Oil lower. China TB, UK Jobs, German CPI, EU/ German ZEW Survey, US CPI all ahead today.

12 Oct: PBOC cuts FX risk reserve ratio to zero, causing the US$ to open higher against all counterparts. US holiday ensures limted liquidity.

Note that further to the weekend outlook (below), the US$ is opening broadly firmer on Monday morning in early Asian trade following the Sunday move by the PBOC to cut…

Continue Reading 12 Oct: PBOC cuts FX risk reserve ratio to zero, causing the US$ to open higher against all counterparts. US holiday ensures limted liquidity.

12 Oct: Growing hopes of a covid rescue package in the US underpin risk assets. US holiday Monday. Election headlines to drive direction

The US$ tumbled through some significant support levels on Friday, while stockmarkets continued their recent rally as the risk-on mood took hold ahead of the weekend, underpinned by a WSJ…

Continue Reading 12 Oct: Growing hopes of a covid rescue package in the US underpin risk assets. US holiday Monday. Election headlines to drive direction

9 Oct: Stocks remain firm on hopes of a US coronavirus stimulus package. FX sideways. Australian FSR ahead.

It has been an indecisive day on Thursday although stocks retain their positive bias, with the US indices set to finish around 0.4%/0.7% higher following on from a positive risk…

Continue Reading 9 Oct: Stocks remain firm on hopes of a US coronavirus stimulus package. FX sideways. Australian FSR ahead.

8 Oct: Stocks rally on hopes that a partial US stimulus deal may occur. US jobless claims, Central Bank speakers in focus, Thursday.

After abruptly calling off negotiations on a comprehensive US  fiscal stimulus package on Tuesday which sent stocks down and the dollar up, Donald Trump then did a partial about-turn by…

Continue Reading 8 Oct: Stocks rally on hopes that a partial US stimulus deal may occur. US jobless claims, Central Bank speakers in focus, Thursday.