Monthly Archives: July 2019

Wednesday July 31st, 2019

Currency markets were quiet and range bound ahead of the Fed rate decision and the Fed chief’s comments. Slightly sideline, but still important is the US/China trade talks in Shanghai which have potential to impact the markets as well. Any deviation from the widely expected 25 basis point cut ...
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Tuesday July 30th, 2019

Mixed markets overnight, GBP weakened drastically on concerns of a “No-Deal” Brexit. Other currencies were range-bound as investors focused on the anticipated first rate cut by the Fed in a decade. Fed comments will be listened too closely for clues of more possible interest cuts. China/...
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Monday July 29th, 2019

US$ continues stronger, sitting at 2 month highs vs most major currencies. Better than expected GDP Friday and comments of no intervention by US Administration to weaken USD. Expectations of a positive outcome from this weeks US/China trade talks are low. The primary market focus this week is the FE...
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Friday July 26th, 2019

US$ -Today investors will focus on  Gross Domestic Product data  where growth should be at 1.8% in the second quarter from the 3.1% annualized pace set in the prior period. The US$ will likely trade in step with GDP. The better the number the better the dollar will be today.  A weaker GDP numbe...
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Thursday July 25, 2019

US$ was modestly lower against a basket of currencies after three straight days of gains, generally trading in narrow ranges ahead of monetary policy meetings at the ECB today and the Federal Reserve next week. Today we have Durable goods orders which is predicted to increase 0.7% in June after fall...
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Wednesday July 24th, 2019

US$ traded near a five-week high against most major currencies. With a government borrowing agreement on Monday the U.S. Treasury could increase its short-term borrowing. An increase in U.S. borrowing would cut money in the banking system which is seen favourable for the dollar. US existing home sal...
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Tuesday July 23 2019

US$ at a 2 week high versus major currencies as investors have been scaling back expectations of a 50 bps rate cut next week. Yesterday U.S congress reached a deal yesterday on a two year extension of the debt limit, removing fears of a government default later in the year. The US will release the [...
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Monday July 22 2019

US$  slightly up this morning thanks mostly to safe-haven demand amid rising tensions in the Middle East. USD could be range bound today  as investors await a Fed interest rate cut next week, UK elections this week and ECB meeting later in the week. C$ is flat this morning and with no economic new...
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Monday July 22 2019

US$  slightly up this morning thanks mostly to safe-haven demand amid rising tensions in the Middle East. USD could be range bound today  as investors await a Fed interest rate cut next week, UK elections this week and ECB meeting later in the week. C$ is flat this morning and with no economic new...
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Friday July 19th 2019

US$ recovered slightly this morning having heavily fallen and dovish comments from NY FED John Williams yesterday of an aggressive interest cut this month. It had rebounded slightly after a representative at the NY Fed said Williams comments were academic and not about immediate policy direction. Ma...
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