Daily Market Analysis

Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:28 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equities rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:38 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

Daily Market Comment – Britain votes; Lagarde makes her ECB entrance

Posted on December 12, 2019 at 10:05 am GMT

UK election firmly in the spotlight as voting begins – results early on Friday ECB meets today, though any major market reaction is unlikely Fed signals no rate cuts in 2020, but Powell still talks the dollar down Brits elect their new government – lopsided risks for pound? The day of political reckoning has finally arrived for the United Kingdom. The much-anticipated general election will be held today, and the result will decide what form Brexit takes, whether there’s a [..]

Daily Market Comment – Fed meets, new ‘dot plot’ could lift dollar

Posted on December 11, 2019 at 9:21 am GMT

Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the Federal Reserve today, which will conclude its policy meeting at 19:00 GMT. After slashing rates at the last three meetings, policymakers are now expected to [..]

Daily Market Comment – Currencies take a breather ahead of risk events, stocks retreat

Posted on December 10, 2019 at 10:03 am GMT

FX market stays quiet as news flow dries up and traders await Fed decision tomorrow Pound perks up as Tories maintain poll lead; Yougov model today at 22:00 GMT may be critical Currencies snooze, equities retreat as investors position for risk events It was a very quiet session for financial markets, with most major currency pairs trading in tight ranges and ending little changed overall, without any major news to drive the price action. Stocks inched lower, with the [..]

Daily Market Comment – Dollar jumps on solid NFP; markets brace for huge week

Posted on December 9, 2019 at 9:35 am GMT

Greenback and stocks cheer after blockbuster jobs report, but yen tells a different story Loonie nosedives on weak employment data, despite higher oil prices Calendar is low key today, but week is packed: Fed, ECB, UK election, tariff decision Dollar shoots higher as nonfarm payrolls smash expectations It was all about the US employment data on Friday, which easily beat forecasts. Nonfarm payrolls clocked in at 266k, much higher than the expected 180k, with last month’s print also revised up. [..]

Daily Market Comment – US employment data to dictate mood; OPEC can’t lift oil

Posted on December 6, 2019 at 9:35 am GMT

Spotlight falls on the US jobs report today; risks around dollar asymmetric Is European fiscal stimulus not a pipe dream after all? OPEC pledges deeper production cuts, but oil doesn’t ‘buy it’ In Britain, Boris Johnson debates Jeremy Corbyn for the final time Nonfarm payrolls: Mind the asymmetry The main event today will be the US employment report for November, due at 13:30 GMT. Forecasts point to another solid data set, with nonfarm payrolls (NFP) expected to clock in at [..]

Daily Market Comment – Markets climb on hopes Trump is bluffing; pound soars

Posted on December 5, 2019 at 12:40 pm GMT

Risk appetite returns on reports suggesting Trump was just posturing on trade Pound surges as election polls show Tories consolidating their lead Loonie climbs on less-dovish BoC signals, looks to OPEC meeting Optimistic trade headlines breathe life back into riskier assets US stock markets snapped a three-day losing spell on Wednesday, with the S&P 500 gaining 0.63% on the back of a report claiming that American and Chinese negotiators are “moving closer” to agreeing the amount of tariffs that would [..]

Daily Market Comment – Markets rattled as Trump says “no deadline” for trade deal; gold jumps

Posted on December 4, 2019 at 9:30 am GMT

Risk mood darkens after Trump hints he’s in no hurry to sign trade deal with China US bill on China’s treatment of Muslim minorities further raises tensions between the two countries Safe havens soar as stocks and Treasury yields slide US ISM non-manufacturing PMI awaited; BoC decision eyed too Trump sends markets spinning as trade deal hopes fade Risk sentiment was dealt another blow on Tuesday after US President Donald Trump dampened hopes of an early resolution to the long-running [..]

Daily Market Comment – Dollar sinks on Trump tariffs and poor ISM PMI

Posted on December 3, 2019 at 8:57 am GMT

Trump expands trade war by imposing tariffs on South American metal imports Renewed trade frictions and unexpectedly weak ISM manufacturing PMI dampen sentiment Stocks turn negative; dollar plunge lifts euro Aussie jumps as RBA remains in wait-and-see mode; kiwi rallies too Trump ratchets up trade war by announcing tariffs on metal imports The long-running trade war took another twist yesterday after President Trump shocked markets by announcing tariffs on aluminium and steel imports from Brazil and Argentina. Citing the “massive [..]

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