Daily Market Analysis

Daily Market Comment – Trade optimism lifts markets; strong NFP helps too but dollar subdued

Posted on November 4, 2019 at 9:16 am GMT

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting a lift from another record close on Wall Street on Friday. The White House economic advisor Larry Kudlow told reporters on Friday that “enormous progress” [..]

Daily Market Comment – Dollar braces for nonfarm payrolls; risk aversion returns

Posted on November 1, 2019 at 9:25 am GMT

US payrolls and ISM index could shape the dollar’s fortunes today Risk appetite dampened by reports China won’t compromise on ‘real’ trade issues Can US payrolls keep the besieged dollar from stumbling further? The spotlight today will fall on the US employment report for October, as investors scramble to figure out whether the Fed can truly afford to ‘pause’ its rate-cutting cycle, or whether that is merely wishful thinking. Likewise, the ISM manufacturing PMI for the same month will reveal [..]

Daily Market Comment – Dollar goes for a ride as Fed baffles markets

Posted on October 31, 2019 at 10:58 am GMT

Dollar ends lower, stocks soar as Fed can’t convince markets it will hit ‘pause’ Loonie hammered as BoC drops neutral stance, hints at ‘insurance cut’ BoJ strengthens easing bias, but yen yawns Eurozone, US, and Canadian data coming up today Fed cuts rates and signals a pause, but markets don’t buy it The Fed cut rates by another quarter-point yesterday, as widely expected, but refrained from signaling that any more cuts are coming. The phrase “will act as appropriate to [..]

Daily Market Comment – Fed, BoC, and BoJ decisions; UK election confirmed

Posted on October 30, 2019 at 9:22 am GMT

Fed to slash rates today but may signal a pause after this cut, lifting the dollar BoC set to stand pat, unlikely to alter its neutral stance BoJ decides early on Thursday – close call whether it will cut UK General Election officially called for December 12 Fed virtually certain to cut rates, but will it also signal a pause? It’s an extremely busy day, with the main event being the Federal Reserve policy decision at 18:00 GMT, which will [..]

Daily Market Comment – Stocks ride high on trade optimism; Boris to try again for snap election

Posted on October 29, 2019 at 9:13 am GMT

Trade progress drives S&P 500 to record high but global rally loses steam Pound choppy after EU extension as Johnson struggles to trigger a general election Dollar steady ahead of expected Fed rate cut Trump says Phase One deal is “ahead of schedule” Market sentiment was boosted on Monday after US President Donald Trump signalled an interim trade deal was close. Speaking to reporters yesterday, Trump said “We are looking probably to be ahead of schedule to sign a very [..]

Daily Market Comment – Pound slips after Johnson calls December election; dollar edges up

Posted on October 25, 2019 at 8:04 am GMT

British PM Johnson calls for an early election in December, but opposition parties are not so sure Pound dips on election uncertainty; euro also slides after Eurozone PMIs disappoint Mixed US data supports dollar, but Fed still expected to cut next week Is UK headed for pre-Christmas election? UK Prime Minister Boris Johnson has called for an early election on December 12 to break the latest Brexit impasse in Parliament. However, it is unclear if he will win the required [..]

Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]

Daily Market Comment – Johnson to miss Brexit deadline; pound slips, risk appetite fades

Posted on October 23, 2019 at 8:06 am GMT

British MPs reject Johnson’s fast track of Brexit legislation EU expected to offer extension; could pave way for UK general election Pound and euro slip as dollar and yen edge up amid some risk-off No Brexit on October 31 Boris Johnson’s hopes of the UK leaving the EU on October 31 were dashed yesterday after the British Parliament rejected the prime minister’s proposed tight timetable of rushing through the Brexit deal legislation that would have enabled an orderly EU exit [..]

Daily Market Comment – Pound steady ahead of Parliamentary Brexit debate; stocks boosted by trade optimism

Posted on October 22, 2019 at 8:12 am GMT

UK Parliament to begin debating Withdrawal Agreement bill Pound near highs but at risk if lawmakers derail Johnson’s Brexit plan US and China continue to send positive vibes on trade talks, lifting stocks Canadian dollar brushes off election concerns as Trudeau loses majority Busy week for UK Parliament; more headaches for Johnson ahead The Speaker of the House of Commons, John Bercow, continued to be a thorn on the side of the UK government after he blocked an attempt to [..]

Daily Market Comment – Brexit vote delayed; pound eases from 5-month highs

Posted on October 21, 2019 at 8:11 am GMT

UK Parliament postpones vote on revised Withdrawal Agreement, raising uncertainty But pound holds on to most gains as Prime Minister forced to request Brexit extension Markets mostly in risk-on mode amid positive US, China trade remarks Parliament puts the brakes on Boris’s Brexit plan British MPs voted to withhold their approval of the UK government’s renegotiated Brexit deal, in a blow to Prime Minister Boris Johnson, who is desperate to keep his promise of taking the country out of the [..]

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