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Market Comment

XM Research - 12 hours ago

US Open Note – Evergrande ghost haunts markets; euro weaker ahead of German election

Evergrande's drama continues Evergrande’s drama continued to spook markets on Friday as investors had no clue whether China’s giant property developer, which owes a debt larger than the external debt many entire countries face, had successfully met Thursday’s $83.

XM Research - 12 hours ago

Weekly comment – Germany votes as markets digest Evergrande

The Fed signaled that tapering will begin in November and is now split evenly on whether rates will be raised next year already.

XM Research - 16 hours ago

Daily Market Comment – Bond markets come alive as tighter policy looms, stock rally eases

Sovereign bond yields jump on optimism and rising prospect of policy tightening Equities rebound fizzles out as lingering doubts about Evergrande cuts party short Dollar gives up all post-Fed gains but limited bounce back for riskier currencies Bond markets finally wake up to the sound of central banks US Treasury yields led the surge in global government bond yields amid a delayed response to the flagging of an imminent taper announcement by the Federal Reserve on Wednesday.

XM Research - 1 day ago

US Open Note – BoE cheers pound bulls; stocks maintain post-Fed advances

BoE sends some bullish shockwaves The Bank of England (BoE) left its policy settings unchanged as expected with a vote of 9-0 to keep interest rates steady at 0.

XM Research - 2 days ago

Daily Market Comment – Hawkish Fed brings out the bulls as dollar and stocks rise

Fed signals November taper and early rate hike, but slow timeline lifts markets Dollar jumps in response before pulling back, Wall Street buoyed too Evergrande fears ease further, boosting sentiment Pound bounces off one-month lows, awaits BoE decision Powell outlines taper roadmap The Federal Reserve took its biggest step yet towards scaling back its pandemic stimulus on Wednesday following the conclusion of its two-day policy meeting.

XM Research - 2 days ago

US Open Note – Stocks’ positive tone pauses but commodities keep minor upbeat vibe

Market jitters evident prior to Fed decision; dollar stabilizes While the suspension of the debt ceiling may hit a snag in the US Senate and somewhat cause disorder in global financial markets at a time of uncertainty, investors’ eyes have turned to the FOMC meeting decision scheduled today at 18:00 GMT, for laying the groundwork regarding the taper timeline and a possible hawkish comment.

XM Research - 3 days ago

Daily Market Comment – Stocks steady on Evergrande debt assurance; dollar eyes Fed taper signal

Chinese stocks mixed after trading resumes as Evergrande says it will meet debt payment Dollar holds firm ahead of Fed decision; will Powell rock the boat? BoJ keeps policy unchanged, yen slips on better mood, euro and pound lag Cautious rebound underway amid Evergrande relief Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet the debt payment due on Thursday for domestic bondholders.

XM Research - 3 days ago

US Open Note – Stocks recover and dollar takes back seat

Market Sentiment picks up and central bank meetings draw focus The major US indices are gradually extending yesterday’s rebound while the dollar continues to dwindle.

XM Research - 4 days ago

Daily Market Comment – Calmer markets despite Evergrande risks, loonie jumps on Trudeau win

Fears of Evergrande contagion ease slightly but markets remain edgy Loonie soars after Trudeau narrowly secures third term Aussie and kiwi brush off dovish reserve banks Pound up too but UK energy crisis a worry, dollar off highs Stocks bounce back after Evergrande panic Global equities were steadier on Tuesday, recouping some of the previous days’ losses, as fears of a huge spillover from Evergrande’s debt crisis subsided a little.

XM Research - 5 days ago

US Open Note – China's potential domino effect spooks stocks; dollar up

Stocks plunge as China's Evergrande causes risk-off While the week was supposed to be all about the Fed and its tapering signals, increasing fears that Beijing will let its giant property developer Evergrande default on its $305 billion liabilities over a looming deadline for payment obligations brought another headache to global markets on Monday.

XM Research - 5 days ago

Daily Market Comment – Dollar starts Fed week on front foot; stocks hit by Evergrande fallout

Dollar climbs to 4-week high amid Fed taper expectations and Evergrande contagion fears Global stock markets tumble as Evergrande stock crashes again, default risk grows All eyes on Fed in busy week for central banks; hawkish BoE bets can’t rescue sliding pound Loonie slips ahead of Canada’s election outcome China jitters hit sentiment as stocks skid, dollar gains Fears of global contagion from the worsening crisis in China’s property sector continued to weigh heavily on sentiment at the start of trading on Monday as markets panicked about the possibility of Evergrande defaulting on its debt.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 1 week ago

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.

XM Research - 2 weeks ago

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.

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