2 Nov: Stocks lower, US$ bid as markets prepare for the US election (Tue). PMIs, RBA, BOE, Fed Meetings & NFP all on the agenda this week.

Global stockmarkets resumed their decline on Friday while oil headed for a 10% weekly fall as concerns continue to grow over the economic impact of the rising global coronavirus infections…

Continue Reading 2 Nov: Stocks lower, US$ bid as markets prepare for the US election (Tue). PMIs, RBA, BOE, Fed Meetings & NFP all on the agenda this week.

30 Oct: Dovish ECB send Euro down. Strong US data underpins US$, stocks. EU CPI, German R/S, GDP in focus today.

There was plenty of action on Thursday, with the ECB Meeting being the initial focus ahead of the US data where a strong rebound was seen in the Q3 GDP…

Continue Reading 30 Oct: Dovish ECB send Euro down. Strong US data underpins US$, stocks. EU CPI, German R/S, GDP in focus today.

29 Oct: US election uncertainty & increasing Covid concerns hits stocks, commodities hard. US$ in demand. Busy calendar ahead.

Global stocks tumbled on Wednesday as coronavirus cases soared and investors grow increasingly concerned over the possibility of a contested US presidential election next week. Traders are also looking at…

Continue Reading 29 Oct: US election uncertainty & increasing Covid concerns hits stocks, commodities hard. US$ in demand. Busy calendar ahead.

28 Oct: Markets rangebound as the US election approaches. Australian CPI coming up. Bank of Canada meet later today.

The US$ is flat again today after another session of tight ranges as indecisive trading continues ahead of the US election. Stronger than expected US durable goods orders, which rose…

Continue Reading 28 Oct: Markets rangebound as the US election approaches. Australian CPI coming up. Bank of Canada meet later today.

27 Oct: Stocks lower as Covid cases soar & hopes of a stimulus deal fade. US Durable Goods Orders the main economic focus, Tuesday.

Global stock markets fell sharply on Monday as coronavirus cases surged in the US and Europe, further adding to the concerns about the economic outlook after Congress failed to agree…

Continue Reading 27 Oct: Stocks lower as Covid cases soar & hopes of a stimulus deal fade. US Durable Goods Orders the main economic focus, Tuesday.

26 Oct: Markets quiet as US election looms. ECB, BOJ, BOC Meetings & a busy calendar ahead but all eyes on November 3rd.

It was a quiet end to the week, with traders unwilling to take on risk positions ahead of next week’s US election. While the DJI was lower by just 0.1%…

Continue Reading 26 Oct: Markets quiet as US election looms. ECB, BOJ, BOC Meetings & a busy calendar ahead but all eyes on November 3rd.

23 Oct: Pelosi keep traders hopes of stimulus package alive. Stocks, US$ mildly higher. Presidential debate, PMIs in focus today.

Both the US$ and US stocks have ended mildly higher on Thursday, in choppy trade, as traders remained focused on the possibility of further fiscal stimulus from Washington to support…

Continue Reading 23 Oct: Pelosi keep traders hopes of stimulus package alive. Stocks, US$ mildly higher. Presidential debate, PMIs in focus today.

21 Oct: US stocks pare gains, US$ soft amid ongoing aid package talks as deadline looms. Australian prelim. September R/S ahead.

US stocks pared back some early gains as lawmakers negotiated the size of the proposed spending bill to bolster the economic recovery while the US$ was once again mixed although…

Continue Reading 21 Oct: US stocks pare gains, US$ soft amid ongoing aid package talks as deadline looms. Australian prelim. September R/S ahead.

20 Oct: Stocks down as US stimulus deal hopes fade. FX mixed. RBA Minutes ahead, US housing data later.

The US$ is mixed in early Tuesday trade, while stocks are lower, after US House Speaker Nancy Pelosi reportedly signalled that any economic stimulus deal is not imminent, counteracting the…

Continue Reading 20 Oct: Stocks down as US stimulus deal hopes fade. FX mixed. RBA Minutes ahead, US housing data later.