Analysis

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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FX market outlook

Posted on Thursday, February 28 2019 at 9:50 am GMT+0000

Stocks retreat as trade optimism fades, growth concerns return Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off […]

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FX market outlook

Posted on Tuesday, February 26 2019 at 9:49 am GMT+0000

Trade rally eases as caution sets in; Powell testimony eyed   · Risk rally eases amid some caution on prospect of US-China trade deal · Immediate focus to shift to Fed Chairman Jerome Powell’s congressional testimony · Pound jumps as May considers taking no-deal Brexit off the table · Oil slumps after Trump tells OPEC […]

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