November 28, 2016
Eurozone money supply data was released this morning, coming in lower than expected for the YoY and the previous quarterly reading. The DAX fell by some 100 pips off back of this news, finding support in the 10600 region. In the currency markets the main moves have been in the dollar which continues to retreat… View Article
November 28, 2016
Morning all.. Wall St had a decent session and closed at record highs again with the S&P up 0.4% which was impressive given the drop in oil Friday. The Asian session has been mixed with the Nikkei lower as USDJPY fell from 113 to 111.40 on little news but HK and China stocks were higher…. View Article
November 25, 2016
The major data this morning came in the form of the UK GDP for the 3rd quarter. This was in-line with forecast figures for both the QoQ and YoY metrics. However, total business investment for the UK beat estimates, giving the sterling some impetus. These sterling moves were particularly strong against the USD which has… View Article
November 25, 2016
Morning all.. Wall St was closed for thanksgiving yesterday but we saw solid gains in Asia with the Nikkei up 0.26% in a quiet session even with US bonds selling off (higher yields) as they reopened after the holiday break. US 10yr at around 2.375% after closing Wednesday around 2.35%. USDJPY held gains very well… View Article
November 24, 2016
The dollar has extended its leg higher this morning as the economic outlook for the US continues to improve. The USDJPY pair is currently trading at an 18 month high, with emerging market currencies being most hit by the greenback’s strength. The Indian rupee has declined to record lows against the dollar, while the EURUSD… View Article
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