Asia Morning: Stocks Holding Despite Yen Jitters
Aussie Stocks up despite USDJPY shakiness There were some jitters from USDJPY price action in early NY with the risk-on/risk-off proxy trading down to 108.3 from 108.7 levels. The move however was mostly ignored by S&P 500 Futures which manages...
Market Brief: Double Whammy for Aussie
At 13:10 GMT, the GBP was the strongest while the AUD remained the weakest: Safe-haven government bonds have resumed higher, pushing yields lower. This has helped to underpin low and noninterest-bearing assets such as the CHF, JPY and GOLD. –...
Markets Curb Enthusiasm
Market movers today In the euro area, the German Q3 GDP print will be in focus today, confirming whether or not the economy has plunged into ‘technical recession’. GDP already contracted by -0.1% q/q in Q2 and PMIs took a...
German Recession? Wait Before Panicking
The Eurozone is expected to confirm its initial GDP growth estimate for the third quarter on Thursday at 0.2% q/q but prior that all attention will be on the German preliminary readings (06:00 GMT) that are forecast to show that...
Surprise, Surprise For Kiwi Traders…
RBNZ surprised the markets during today’s Asian session, as it maintained rates unchanged at +1.00%, in contrast to market expectations of a rate cut. The decision caused the NZD to rally upon the release, strengthening against the USD by around...
Mighty Dollar Eyes Powell’s Testimony and US Data
It’s going to be a busy week in America, with the latest CPI inflation figures hitting the markets at 13:30 GMT on Wednesday, before retail sales data are released on Friday. Two separate testimonies by Fed chief Jay Powell before...
Stocks on Gold ahead of Trump, ZEW Expectations, Oil Rises, Gold Steady
US stocks appear on hold ahead of President Donald Trump’s speech before the Economic Club of New York. Markets are eagerly awaiting his latest update on trade with both the Europeans and Chinese. Trump is widely expected to hold off...
Stocks Drift Lower On Weak Volume, Bolivia’s Impact, Oil And Gold Decline
US stocks appear stuck in a holding pattern until we get a meaningful trade update. Stocks drifted lower on Monday’s lack of liquidity due to the Veteran’s day holiday and President Trump’s weekend comment that there had been “incorrect” reporting...
UK Jobs and Inflation Next after Weaker GDP but Sterling May be Indifferent
Sterling drifted lower after two out of nine MPC members voted for an immediate rate cut on Thursday at the Bank of England’s policy meeting, increasing speculation that the British central bank could finally join the dovish camp. Following Monday’s disappointing...
Three Monday Talking Points: Landing Risks Up Ahead
Will US growth hold up? Two key data points see light of day this week as markets wrestle with the question of whether US growth holds up or not. First up, Oct. US Core CPI m/m gets released on Thursday...
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