Market Preview


European Open Preview – Dollar moves off lows ahead of US jobs report but weighed by talk of Fed pause

Posted on December 7, 2018 at 9:13 am GMT

US dollar edges up from lows as risk sentiment improves, but expectations that the Fed could soon pause its rate hike cycle limit gains US Treasury yields fall sharply on Wall Street Journal report that Fed is considering “wait-and-see” approach Pound steady despite May pondering whether to delay Brexit vote Oil under pressure again as OPEC struggles to reach output agreement, awaits for Russia to join talks before making decision Dollar firmer ahead of nonfarm payrolls report The US dollar [..]


European Open Preview – Risk sentiment sours; OPEC summit front and center

Posted on December 6, 2018 at 8:30 am GMT

Risk appetite crumbles as US arrests Huawei CFO, generating worries of re-escalation in the trade conflict Today, all eyes are on OPEC’s meeting (1200 GMT); expectations for a production cut are elevated Loonie nosedives to a 1½-year low as BoC shifts to a more cautious stance Risk appetite falters on fears of “trade war” re-escalation After a relatively calm Wednesday, risk appetite deteriorated once more during the Asian session on Thursday, following news that the CFO of the Chinese tech [..]


European Open Preview – Stocks sink amid trade woes; BoC decision eyed

Posted on December 5, 2018 at 8:46 am GMT

Trump’s trade posturing sinks stock markets Bank of Canada to stand pat (1500 GMT), but may appear a touch more cautious Dollar rebounds after Fed’s Williams reiterates “gradual hikes” Sterling remains turbulent as Parliamentary debate kicks off Equities sink on Trump’s trade posturing Wall Street plunged, with the S&P 500 falling by a whopping 3.24% and the tech-heavy Nasdaq Composite nosediving by 3.80%. Meanwhile, defensive assets like the Japanese yen outperformed. The mood was already sour before the US markets [..]


European Open Preview – Markets retrace as trade optimism wanes

Posted on December 4, 2018 at 8:45 am GMT

Trade optimism fades as markets digest the agreement Dollar extends recent pullback Oil continues to recover amid speculation for an OPEC cut RBA slightly more upbeat, but no policy change in sight Stocks edge higher on trade relief, but optimism wanes The boost to global risk appetite following the US-China trade “ceasefire” seems to have been short-lived. Even though US stock markets closed higher, they did surrender a decent part of their gains late in the session, and futures tracking [..]


European Open Preview – Risk-on sentiment resumes as trade storm eases

Posted on December 3, 2018 at 9:28 am GMT

Stocks up, dollar down as trade fears ease French President Macron under political pressure but euro heads up  Brexit risks loom in the background Oil surges as Russian President backs production cuts; Qatar to withdraw OPEC membership Stocks head higher on trade relief   The US President, Donald Trump, and the Chinese leader, Xi Jinping had progressive trade talks during their dinner on the sidelines of the G20 summit on Saturday, with the world’s largest economies deciding to ceasefire the [..]


European Open Preview – All eyes on the Trump-Xi meeting

Posted on November 30, 2018 at 8:40 am GMT

The Trump-Xi meeting is due tomorrow; whether a “ceasefire” is agreed may determine the near-term direction of the dollar and equities Market reaction to FOMC minutes was muted. Attention turns to a speech by NY Fed President Williams today at 1400 GMT Oil rebounds after posting fresh one-year lows, eyes next week’s OPEC meeting Trump and Xi to meet, outcome may shape risk appetite Movements in the FX market were largely subdued, with investors increasingly turning their attention to the [..]


European Open Preview – Powell sinks dollar, but mind the Fed minutes

Posted on November 29, 2018 at 8:38 am GMT

Dollar drops as Powell appears “dovish”. However, markets may have overreacted, hence today’s Fed minutes (1900 GMT) could be crucial Equities and commodity-linked currencies lifted by Powell’s remarks Pound capitalizes on dollar’s pullback and signs voters may support May’s deal Dollar drops as Powell appears “cautious”, but Fed minutes crucial Fed Chair Powell’s speech yesterday was widely perceived as dovish. The comment that grabbed most attention was that rates “remain just below the broad range of estimates that would be [..]


European Open Preview – Greenback eyes Fed Chair Powell’s speech

Posted on November 28, 2018 at 8:41 am GMT

Dollar flirts with 1½-year highs as Fed’s Clarida “sticks to script” on hikes; remarks by Fed Chair Powell today at 1700 GMT will be key Stocks briefly slip on rumors of car tariffs but recover on Kudlow’s optimism Pound remains under pressure as political uncertainty reigns Dollar firms after Clarida’s remarks, and amid whispers of car tariffs The greenback shined bright once again on Tuesday, with the dollar index soaring to come within breathing distance of its recent 1½-year highs. [..]


European Open Preview – Dollar turns its sights to Fed speakers; pound tumbles

Posted on November 27, 2018 at 8:41 am GMT

Euro unable to sustain Italy-related gains, as ECB President Draghi struck a more cautious tone amid weakening data Dollar exploits euro’s softness, advancing nearly across the board; today all eyes will turn to a speech by Fed Vice Chair Clarida at 1330 GMT US stocks rebound, but “hawkish” Trump remarks on trade temper optimism Pound tumbles as markets digest Parliament will likely vote against Brexit deal Euro lifted by Italian optimism, but ECB drags it back down The common currency [..]


European Open Preview – Sterling unimpressed by EU’s Brexit deal approval

Posted on November 26, 2018 at 8:48 am GMT

Pound unimpressed by EU leaders approving Brexit deal, as UK Parliamentary endorsement still looks highly unlikely Euro drifts lower after soft PMIs heighten speculation for a cautious ECB; President Draghi’s remarks today will be watched closely Loonie unable to rally after decent data, as oil prices continue to plunge Dollar capitalizes on risk-off mood, looks to key Fed speakers for direction Pound little changed as EU leaders approve Brexit deal EU leaders approved the Brexit divorce deal over the weekend, [..]

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