Long Brexit extension looms; dollar retreats as Fed casts shadow Pound drops as Brexit angst deepens, but prospect of long extension offers ray of hope Growing Fed rate cut expectations support risky assets, weigh on dollar Crude oil continues to march higher UK House speaker vetoes third Brexit vote – long extension in scope UK […]
Continue ReadingDollar softens as Fed meeting looms; stocks climb US stocks rally to six-month highs but perhaps on option expiries – implying some cause for caution Dollar retreats in a quiet session; looks to Fed meeting on Wednesday Sterling catches its breath ahead of decisive week US equities cruise to six-month highs on ‘quad witching’ In […]
Continue ReadingUK to seek Brexit delay but pound down as third meaningful vote looms Sterling retreats lower despite Parliament voting to extend Article 50 as investors eye EU summit and third meaningful vote next week Risk sentiment boosted by “substantive progress” in US-China trade talks but disappointment that there will be no March summit Gold back […]
Continue ReadingSterling soars after Parliament rejects no-deal Brexit; Trump trade comments weigh on sentiment Pound continues rollercoaster ride amid more Brexit twists and turns at Westminster; MPs look set to vote in favour of delaying Brexit Chinese industrial production falls to 17-year low, dampening market sentiment President Trump says he is “in no rush” to complete trade […]
Continue ReadingPound swings wildly on May’s Brexit defeat; more votes to come Pound edges up, recovering from earlier sharp losses, as UK Parliament expected to vote against no-deal Brexit May’s yet another historic defeat leads equities into risk-off mood; global growth concerns and Boeing slump also weigh Aussie slips on weak consumer confidence Sterling likely to […]
Continue ReadingPound extends rally on revised Brexit deal but Parliament backing unclear Pound extends yesterday’s surge as May secures ‘legally binding’ changes to Brexit deal All eyes now on British Parliament amid doubts whether EU’s legal assurances will be enough Equities rally and yen retreats as risk appetite improves and on hopes of more stimulus […]
Continue ReadingDraghi torpedoes euro; US payrolls coming up US nonfarm payrolls report dominates the agenda today ECB pushes back rate hike timing, announces new loans; euro crumbles Stocks continue to retreat, yen advances as risk appetite deteriorates Nonfarm payrolls in the limelight The spotlight will be on the US employment report for February today. Forecasts are […]
Continue ReadingBoC throws in the towel, spotlight turns to ECB ECB meeting the main event today, focus will be on signals for loans to banks Loonie sinks to two-month lows as BoC abandons rate hike plans Elsewhere, stocks retreated without a clear catalyst – perhaps on profit taking Will the ECB join the chorus of dovish […]
Continue ReadingBoC decides as rate-hike bets evaporate; aussie drops Bank of Canada meets; markets seem to be expecting a major dovish pivot, which may not materialize US dollar rally revitalized by robust ISM index Aussie drops to two-month lows as RBA rate cut expectations grow BoC decides as rate-hike bets evaporate The main event on Wednesday […]
Continue ReadingDollar rally in full throttle, but mind the speed bumps Dollar upswing continues unabated, but caution gradually warranted US stocks retreat after soft data, Chinese markets up on stimulus news RBA stays on hold, aussie yawns UK services and ISM non-manufacturing PMIs coming up today Dollar rally in full throttle, but speed bumps may lie […]
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