Daily Market Analysis

Daily Market Comment – Markets stay in a risk-on mood; pound climbs

Posted on November 18, 2019 at 9:48 am GMT

Stock markets climb, safe havens drop as trade optimism lingers Sterling pushes higher as Brexit Party stands down – focus remains on election polls Dollar ticks down after mixed retail sales, but broader picture still promising US stocks to open at yet another record high; yen retreats Risk appetite remained firm at the end of last week, with all three of the major US stock indices closing at new records, after a high-ranking White House official played up the prospect [..]

Daily Market Comment – Stocks storm to new highs on more trade euphoria

Posted on November 15, 2019 at 9:37 am GMT

US equities claim new highs on trade hopes, but the FX market is doubtful Dollar braces for retail sales figures today Trump could announce his decision on EU car tariffs any moment US stocks to open at new records as Kudlow hypes ‘phase one’ deal Another day, another record high for US equity markets. Futures point to a notably higher open on Wall Street today, the S&P 500 expected to gain 0.45%, after Larry Kudlow – one of Trump’s closest [..]

Daily Market Comment – Germany dodges a recession, but euro remains skeptical

Posted on November 14, 2019 at 10:11 am GMT

Technical recession avoided in Germany, but outlook for euro still bleak American stock markets hit new records, ignoring gloomy trade news Lots of Fed-speak today, starring Powell, Clarida, and Williams – the Fed’s ‘top 3’ Germany dodges a recession, but euro can’t catch a break Europe’s largest economy narrowly escaped a technical recession in Q3, with GDP growth clocking in at 0.1% in quarterly terms, overcoming the consensus for a negative 0.1% print. It appears that the recession in the [..]

Daily Market Comment – RBNZ catapults kiwi higher; Trump decides on EU tariffs

Posted on November 13, 2019 at 9:35 am GMT

Kiwi outperforms as RBNZ surprisingly refrains from cutting rates Markets in a slight risk-off mood as trade doubts reemerge Today: Trump decides on EU tariffs, Fed chief Powell testifies, and US CPI data RBNZ surprisingly keeps rates unchanged, propels kiwi higher To the surprise of many, the Reserve Bank of New Zealand (RBNZ) kept its policy rate unchanged overnight, confounding forecasts and market expectations, as a rate cut was priced in with an ~80% probability. Even though policymakers kept the [..]

Daily Market Comment – RBNZ to slash rates; more blues for the kiwi?

Posted on November 12, 2019 at 9:35 am GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks seem tilted to the downside UK jobs data, Germany’s ZEW survey, and Fed-speak today RBNZ set to cut rates after inflation expectations drop The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. A rate cut seems quite likely, after a survey released overnight showed that the nation’s 2-year inflation [..]

Daily Market Comment – US stocks cruise to new records, but Hong Kong weighs

Posted on November 11, 2019 at 9:41 am GMT

Risk aversion strikes back as Hong Kong protests intensify and trade doubts resurface Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred by some remarks from President Trump that he hasn’t decided yet whether he is willing to roll back tariffs on China to get the ‘phase [..]

Daily Market Comment – Risk appetite softens on mixed US signals about trade deal; pound slips after BoE

Posted on November 8, 2019 at 9:20 am GMT

Markets remain optimistic of a US-China deal but US officials cast doubt over tariff rollback Dollar set for weekly gains as yen on the pull back Pound skids after Bank of England signals possible rate cut Confused messages on tariff concession Risk appetite cooled off slightly on Friday as confusing signals by US officials on whether the White House is ready to accept the roll back of some of the tariffs on Chinese imports raised question marks about China’s assertion [..]

Daily Market Comment – Markets whipsaw on conflicting trade headlines; US-China deal moves closer

Posted on November 7, 2019 at 9:28 am GMT

US-China trade deal appears back on after earlier reports of a possible delay causes brief spike in risk aversion Yen led on a roller-coaster ride by on-off-on trade deal prospects Pound steady ahead of Bank of England meeting US and China reportedly agree to roll back some tariffs Trading got off to a volatile start on Thursday as negative headlines late on Wednesday quickly turned positive. Doubts emerged about the likelihood of the US and China being able to sign [..]

Daily Market Comment – Dollar steadier after US data boost; stock market rally cools

Posted on November 6, 2019 at 9:18 am GMT

US dollar surges on strong ISM non-manufacturing PMI before steadying Stocks get off to softer start as trade deal euphoria starts to fade Euro pressured by stronger dollar; kiwi up despite disappointing jobs numbers Dollar hits 3-week high on upbeat PMI Better-than-expected economic data and optimism that the US and China are nearing a ‘phase one’ trade deal lifted the US dollar to the highest in three weeks against a basket of currencies on Tuesday. The dollar index reached a [..]

Daily Market Comment – Stocks rally on rising trade deal hopes; yuan hits 3-month high

Posted on November 5, 2019 at 9:04 am GMT

Growing optimism that a partial trade deal between the US and China is within reach boosts risk assets Yen and Swiss franc extend losses, yuan climbs to highest in three months Aussie edges up after RBA keeps rates steady; dollar eyes ISM non-manufacturing PMI US may roll back some China tariffs Optimism around a ‘phase one’ US-China trade deal continued to boost risk appetite on Tuesday, lifting stocks and other risk assets, while dampening demand for safe havens such as [..]

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