Market Comment

Weekly Comment – USD up for second straight week ahead of FOMC

USD got a major boost from upbeat retail sales figures this week, which eased concerns that the US economy might be slowing too sharply.

US Open Note – Dollar back to gains at the end of the week

Dollar/yen back above 110.00 Prior to the weekend, the dollar is holding onto its recently gained ground, with dollar/yen approaching the 110.

Daily Market Comment - Dollar jumps, gold slumps, stocks nervous

Surprisingly strong US retail sales lift dollar  Gold the biggest casualty as yields spike  Quad witching and China risks to drive stocks  US consumer delivers again Worries that the US consumer is rolling over were dealt a major blow yesterday after the nation’s retail sales for August overpowered some gloomy forecasts.

US Open Note – Stocks wane and dollar improves

US retail sales, jobless claims and Canadian ADP Non-Farm labour data take centre stage US major indices are slightly lower as the greenback continues its comeback.

Daily Market Comment - Are investors sleeping on systematic risk in China?

Chinese real estate titan heads for default - will it hit the economy?  Wall Street stages solid comeback, oil keeps going US retail sales to inject some volatility into quiet FX market  Markets downplay China contagion It’s time to talk about China.

US Open Note – Yen and oil surge as futures are steady

US inflation mildly affects dollar US inflation had a mild negative influence on the dollar, but yesterday's fragile risk sentiment gave it a boost.

Daily Market Comment – Dollar unscathed by soft inflation, equities resume slide

Dollar takes little damage despite signs US inflation has peaked Wall Street resumes selloff - all eyes on China contagion risks Canadian data coming up ahead of elections, gold wakes up Dollar defies gravity The US dollar has displayed an uncanny ability to absorb bad news without even a scratch lately, a power that was on full display yesterday after the latest US inflation stats disappointed.

US Open Note – Stocks push up and dollar index slips below 92.44  

Markets and the greenback’s reaction connected to US CPI data Today’s pause on market volatility seems to have been hinged around market jitters prior to the release of the US CPI data, which is somewhat seen as the key that opens the taper door.

Daily Market Comment – US inflation under the microscope

Markets brace for latest edition of US inflation today Wall Street stabilizes, aussie struggles on RBA signals Dollar takes a step back, British pound and oil advance US inflation to set the tone With the Fed having almost locked in a November taper announcement, the question now is whether Chairman Powell will use next week’s policy meeting to give the markets an early warning.

US Open Note – Dollar rises ahead of busy week

Next on radar is US CPI tomorrow A busy week is on the table this week in terms of economic data in the US.

Daily Market Comment - Dollar grinds higher, Wall Street loses altitude

Dollar capitalizes on rare selloff in US equity markets Chinese and Japanese stocks go their separate ways Crucial US data and election polls to drive markets this week Autumn blues for Wall Street?  The relentless rally in US stock markets took a breather last week.

US Open Note – Wall Street could test bearish weekly close; loonie bulls gear after mixed jobs data

US-China relations hit the wires An overnight phone call between the US president Joe Biden and China’s leader Xi Jinping occupied the media on Friday.

Weekly Comment –USD looks to US CPI as gains trimmed after risk rebounds

The ECB meeting didn’t change much for EUR outlook even though bond purchases were scaled down.  Fed policymakers were hawkish too, signalling tapering is firmly on the cards despite the NFP disappointment.

Daily Market Comment – Stocks perk up but shaky after Biden-Xi call; dollar pares weekly gains

Global equities in better mood, Biden-Xi call helps, but Wall Street still looking wobbly Euro buys Lagarde’s ‘not tapering’ depiction, stays sluggish after ECB cuts QE pace Dollar slides again but on track for weekly gains as Fed officials reaffirm taper timeline Stocks buoyed by hopes of improved Sino-US ties Equity markets were looking more cheery on Friday after somewhat of a tumultuous week.

US Open Note – Euro unchanged as ECB meets PEPP expectations; dollar stable

Taper - ECB style Starting bond tapering could be an unwise decision when the pandemic is still propagating worldwide through its threatening variants.

Daily Market Comment – Euro steady ahead of ECB but stocks hit by market jitters

Euro holds above $1.18 ahead of expected ‘tapering’ by ECB Fresh China crackdowns and fears of slowing growth dent sentiment Stocks slip, dollar rebound eases but yen edges up ECB to taper but call it something else The European Central Bank will probably join the taper bandwagon when it announces the outcome of its policy meeting later today.

US Open Note – Market sentiment picks up and dollar takes a step back

Markets prepare for Bank of Canada meeting and US Jolts The major US indices have bounced back to earlier Asian levels, while the greenback has given up a tad of its gains, which it extended from yesterday.

Daily Market Comment – Dollar catches a bid; Johnson’s tax plan spooks pound

Dollar stretches post-NFP rebound as yields creep up UK looks to tax hikes to cover Covid costs, pound slips to one-week low Loonie struggles ahead of Bank of Canada decision Dollar firms as November taper bets intensify The US dollar recouped more lost ground from the late August selloff as investors grew increasingly doubtful about whether Friday’s softer-than-expected jobs report would derail the Fed’s taper timeline.

US Open Note – Dollar ticks green as markets eye central banks this week

Dollar demand weighs on major peers; US yields assist It appears markets have already forgotten Friday’s disappointing data regarding new jobs created.

Daily Market Comment – Aussie slips on RBA’s dovish taper; dollar extends rebound

RBA sticks to tapering but delays next move; aussie climbs then falls Dollar on steadier footing, strong China trade data buoys stocks Bank of Canada and ECB not expected to rock the boat RBA takes middle ground as Delta rages on The Reserve Bank of Australia stuck to its exit strategy from QE on Tuesday, pressing ahead with its decision to reduce bond purchases by A$1 billion a week this month.



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