Analysis

With Brexit in limbo, pound looks to UK jobs data

Posted on Monday, February 18 2019 at 5:06 pm GMT+0000

The latest British employment data are due for release on Tuesday, at 09:30 GMT. Forecasts point to some further acceleration in wage growth during December, which is encouraging and could support the pound on the news. That said, with less than six weeks left until the UK exits the EU, and still no agreement in […]

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FX market outlook

Posted on Monday, February 18 2019 at 9:45 am GMT+0000

Stocks & commodity currencies cheer trade optimism Risk sentiment buoyed by signs of “progress” in US-China trade talks ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks […]

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FX market outlook

Posted on Friday, February 15 2019 at 9:37 am GMT+0000

Dollar, stocks retreat as data and trade talks disappoint Dollar and equities pull back after US retail sales plummet and trade talks seem likely to disappoint Pound underperforms as PM May loses another Brexit vote Euro/dollar stabilizes somewhat, supported by rate differentials UK retail sales and early US data for February coming up today Dollar […]

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FX market outlook

Posted on Thursday, February 14 2019 at 9:42 am GMT+0000

Markets climb on trade euphoria; dollar rally revitalized Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US […]

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FX market outlook

Posted on Wednesday, February 13 2019 at 9:40 am GMT+0000

Kiwi roars back as RBNZ disappoints the bears Kiwi skyrockets after RBNZ refrains from signaling rate cuts, but downside risks linger Trump’s trade comments reinvigorate risk appetite UK and US inflation data highlight the agenda today RBNZ fails to live up to market’s dovish expectations, kiwi explodes up As expected, the Reserve Bank of New […]

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FX market outlook

Posted on Monday, February 11 2019 at 9:19 am GMT+0000

Dollar extends winning streak; franc suffers mini “flash crash” Dollar ticks up, stocks mixed as risk sentiment remains fragile Swiss franc had a mini “flash crash” overnight, amid thin liquidity conditions UK GDP data due today, but focus remains on Thursday’s Brexit vote in Parliament Dollar climbs, stocks steady as sentiment remains wobbly The dollar […]

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FX market outlook

Posted on Friday, February 8 2019 at 9:32 am GMT+0000

Stocks retreat on trade woes; BoE ‘holds the line’   Risk aversion returns as Trump reignites trade fears, says he won’t meet Xi soon Sterling rebounds as BoE sticks to hiking plans, but Brexit uncertainty lingers Euro drifts lower after EU Commission slashes growth forecasts Canadian employment data coming up Stocks take a hit as […]

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FX market outlook

Posted on Thursday, February 7 2019 at 9:41 am GMT+0000

No hawkish bits from BoE today; kiwi capitulates BoE may adopt a cautious tone today amid slowing economy, Brexit uncertainty Kiwi dollar collapses after soft jobs data ignite speculation for RBNZ rate cut Greenback capitalizes on weakness in other currencies; stocks stall BoE to strike cautious tone as Brexit uncertainty reigns The spotlight will fall […]

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FX market outlook

Posted on Wednesday, February 6 2019 at 9:28 am GMT+0000

RBA jawbones aussie lower; pound slides Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than […]

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FX market outlook

Posted on Tuesday, February 5 2019 at 9:24 am GMT+0000

Neutral RBA lifts aussie; Wall Street advances Stocks climb while safe-havens tumble, without any new catalyst Aussie is outperforming as the RBA wasn’t as dovish as markets expected Today, services PMIs from both the UK and US will dictate the action Stocks advance, yen crumbles as “no news is good news” Global risk appetite returned […]

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