Daily Market Analysis

Daily Market Comment – Yen skids on upbeat China data even as trade deal faces delay

Posted on December 2, 2019 at 9:16 am GMT

Markets in risk-on mood on better-than-expected Chinese manufacturing PMIs Still plenty of caution though, as US and China struggle to conclude ‘phase one’ deal Pound slips as Tories’ poll lead narrows further Oil bounces back after Iraq says deeper cuts to be discussed at OPEC+ meeting Sentiment lifted by rebound in Chinese factory activity December got off to a positive start after data over the weekend and on Monday showed manufacturing output in China unexpectedly rose in November. China’s official [..]

Daily Market Comment – All quiet on the currency front, but key data could spice things up

Posted on November 29, 2019 at 9:43 am GMT

Currencies trade in narrow ranges without news – pound retreats a little Euro area inflation data today may disappoint, spelling more pain for euro Is OPEC ‘managing’ market expectations ahead of next week’s meeting? British pound the sole mover in quiet markets It was a very uneventful session across financial markets, with little to speak of in terms of news and with most currencies trading in awfully tight ranges as American traders stayed home for Thanksgiving. A notable exception [..]

Daily Market Comment – Dollar and stocks jump, but trade worries keep investors on edge

Posted on November 28, 2019 at 10:12 am GMT

Solid US data dispel economic slowdown concerns, send dollar & stocks up Yet, optimism takes a hit after Trump signs Hong Kong bill, enraging China Sterling lifted by Yougov model projecting a clear Conservative victory Dollar and stocks climb on strong data, but China worries curb optimism Worries that the American economy may be headed for a recession took a breather yesterday, after the latest batch of US data beat forecasts, sending the dollar higher alongside Treasury yields as traders [..]

Daily Market Comment – Trump keeps the trade hype train rolling, stocks levitate

Posted on November 27, 2019 at 9:35 am GMT

Equities power ahead on more trade optimism, but FX and bond markets remain skeptical In Britain, a crucial model-based poll may reveal how close the election will be Packed calendar today, with an avalanche of US data coming up US stocks ascend to new heights as Trump hypes trade deal The hype train that has pushed Wall Street to new records time and time again just keeps on rolling, with all three of the major US stock indices ascending to [..]

Daily Market Comment – Stocks hit new records, but currencies quiet

Posted on November 26, 2019 at 9:57 am GMT

Markets stay in ‘risk-on’ mode amid positive trade headlines, but risks mounting? Pound pares gains as polls show Labour closing the gap on Tories Light calendar today: tier-two US data and central bank speakers US stocks ride the trade hype train, cruise to new highs The bullish sentiment that enveloped financial markets on Monday persevered, with investors drawing hope from encouraging headlines surrounding the trade talks. The latest reports from Chinese media suggested the two sides have reached a “broad [..]

Daily Market Comment – Dollar powers higher; trade hopes boost risk appetite

Posted on November 25, 2019 at 9:43 am GMT

Greenback soars after latest PMIs reaffirm US economic outperformance Risk appetite recovers as China reportedly prepares to crack down on IP issues Pound slips on soft PMIs, but recovers as polls show Tories extending lead Dollar rips higher after promising PMIs, capitalizes on euro softness The world’s reserve currency outperformed on Friday, after the preliminary US Markit PMIs for November rose by more than anticipated, prompting traders to scale back bets that the Fed will cut rates in the coming [..]

Daily Market Comment – Mixed trade signals leave currencies rangebound; euro jolted by flash PMIs

Posted on November 22, 2019 at 9:20 am GMT

Conflicting trade signals by China and the United States confuse markets Loonie surges after BoC’s Poloz dampens rate cut expectations; retail sales eyed next Euro spikes higher, then falls on flash Eurozone PMIs Major pairs set to end week little changed Markets were overcome by trade news fatigue on Friday as days of conflicting messages on the state of the US-China talks left most investors none the wiser about whether a partial trade deal was still possible. The dollar index, [..]

Daily Market Comment – Stocks slide as trade deal doubts grow; yen holds firm

Posted on November 21, 2019 at 9:37 am GMT

Fears grow that a ‘phase one’ trade deal between the United States and China might be delayed Row over Hong Kong adds to complications in talks as China plays down disagreement Stocks under pressure, yen and gold extend gains Oil eases on trade woes following surge from US inventories and Russia output pledge Reports of a delay in ‘phase one’ deal keeps risk aversion elevated Markets maintained a cautious mood on Thursday as conflicting reports about where the US-China [..]

Daily Market Comment – Yen and gold creep higher on trade nerves; Fed minutes eyed

Posted on November 20, 2019 at 9:31 am GMT

Increased caution on US-China trade talks gives rise to safe-haven demand Hong Kong tensions cast cloud over trade progress as US Senate bill angers China Pound pressured after Johnson-Corbyn televised debate Mixed signals on trade talks put a lid on risk appetite Risk sentiment soured slightly on Wednesday as investors grew wary about the possibility of the United States and China striking a partial trade deal in the coming weeks. The renewed caution comes amid growing tensions between the two [..]

Daily Market Comment – Trump teases negative rates, spooks dollar

Posted on November 19, 2019 at 9:24 am GMT

Dollar drops as Trump meets Powell to discuss interest rates and FX US stocks shrug off negative trade headlines, claim new record highs Aussie pulls back after RBA minutes, but recovers Dollar retreats as Trump discusses negative rates with Powell Fed Chairman Jay Powell met with President Donald Trump on Monday to discuss the economy. The latter then tweeted out that the conversation centered around how high US interest rates are relative to other advanced economies, the prospect of negative [..]

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