Post date: 13/01/2020 11:00 2020 is starting on a positive note in financial markets. News that the US-Iran conflict remains contained for now, prospects for a Us-China trade deal, and good news from the world’s major economies pushed stock markets worldwide to record highs. The dollar put in a mixed performance, up sharply against risk…
Post date: 06/01/2020 08:35 An unusually volatile holiday left the dollar mostly lower against world currencies. The news of the killing of the highest-ranking military figure in Iran by a US drone strike focus traders attention in the absence of any macroeconomic or policy news of note. The initial market reaction was, curiously enough, to…
Post date: 16/12/2019 13:01 Every major news of an eventful week went the right way for financial markets and risk appetite. The Tories’ crushing victory in the UK general elections lifted Sterling and British assets, and the news of an initial deal between the US and China on trade added to the general optimism. The…
Post date: 09/12/2019 09:02 The dollar had a rough go of it last week, ending down against every G10 currency and most major emerging market currencies. The surprisingly strong jobs report on Friday brought only a modest relief bounce in the greenback. Poor German factory data held back the Euro, and Sterling put in yet…
Post date: 04/12/2019 11:05 German inflation, retail sales data miss their mark Foreign exchange markets were largely quiet on Thursday, in part due to the Thanksgiving holiday in the US. EUR/USD has spent the whole week so far stuck in an extraordinarily tight range. The limited economic news that we have received so far this…
Post date: 25/11/2019 12:49 G10 currencies stayed within unusually tight ranges last week. All of them ended within 0.5% or less than where they started, and the weekly ranges were very small as well. There were no significant news from the trade conflict, Brexit or major central bank policy, which helps explain the quiet market.…
Post date: 18/11/2019 08:34 The theme for the week in G10 currencies was the pullback in the US dollar on negative noises about the trade war and modestly better economic news out of the Eurozone. However, the star of the week was the New Zealand dollar, as the RBNZ broke ranks with other central banks…
Post date: 11/11/2019 09:45 Better than expected economic news and positive signs from the US-China trade conflict were the catalyst for another week of rising asset prices and risk-seeking investment flows. The flight from safe havens meant sharply higher Treasury yields and, this week, a stronger US dollar against every other G10 currency. The EM scorecard…
Post date: 04/11/2019 16:02 The Federal Reserve’s ‘hawkish cut’ last week did little to help the US dollar. Economic data worldwide is showing a modestly better tone, especially relative to the depressed expectations of a few weeks ago. For now, the net effect in currency markets has been to reverse safe-haven flows into the dollar,…
Post date: 28/10/2019 09:30 There was not a lot of excitement in G10 currencies last week outside of Sterling. The Pound gave up some of its recent gains as the prospects for a general election cloud the prospects for a near-term parliamentary agreement on a withdrawal agreement. Steady PMI indices of business activity in the Eurozone were overshadowed…
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