Analysis

FX market outlook

Posted on Friday, March 15 2019 at 9:44 am GMT+0000

UK 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 […]

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FX market outlook

Posted on Thursday, March 14 2019 at 10:08 am GMT+0000

Sterling 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 […]

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FX market outlook

Posted on Wednesday, March 13 2019 at 10:14 am GMT+0000

Pound 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 […]

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FX market outlook

Posted on Tuesday, March 12 2019 at 9:35 am GMT+0000

Pound 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 […]

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FX market outlook

Posted on Friday, March 8 2019 at 9:55 am GMT+0000

Draghi 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 […]

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FX market outlook

Posted on Thursday, March 7 2019 at 10:11 am GMT+0000

BoC 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 […]

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FX market outlook

Posted on Wednesday, March 6 2019 at 10:25 am GMT+0000

BoC 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 […]

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FX market outlook

Posted on Tuesday, March 5 2019 at 10:22 am GMT+0000

Dollar 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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FX market outlook

Posted on Monday, March 4 2019 at 10:51 am GMT+0000

Stocks bask in trade optimism; dollar advances Stocks cruise higher on reports that a trade deal is just around the corner Dollar advances, despite soft US data and ‘jawboning’ by Trump Loonie crushed as Canadian GDP disappoints, oil retreats Equities bask in trade optimism US stock markets closed higher on Friday, and futures suggest these […]

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FX market outlook

Posted on Friday, March 1 2019 at 9:45 am GMT+0000

Yen crumbles as risk sentiment improves, dollar rebounds   Dollar rebounds after US GDP beats expectations, looks to ISM manufacturing index Yen falls to two-month lows as solid Chinese PMIs reinvigorate risk appetite Busy schedule today: Eurozone inflation data, UK manufacturing PMI, Canadian GDP Dollar inches up as US GDP overcomes forecasts, but stocks struggle […]

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