All posts by Paul Harrison

Wednesday October 27th, 2021

The US$ is steady, oil prices fall, equity markets weaken, and US yields are mixed amid increasing risk-off mood.  The US$ holds steady as market mood worsens on increasing Sino/US tensions, concerns over Chinese property developers and ahead of a flurry of Central Bank meetings over the next 7 day...
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Tuesday October 26th, 2021

The US$ and oil prices dip, equity markets firm, while US yields are mixed as investors await Wednesday’s Durable Goods data. Today’s Housing and Consumer Confidence data isn’t expected to have a major impact on market direction today. The Fed remains in a media blackout ahead of its next meet...
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Monday October 25, 2021

The US$ is flat, oil prices edge higher, equity markets firm, while US yields are mixed after Fed Chair Powell said on Friday it is not yet time to begin to raise interest rates. Intraday expect markets to remain within current ranges with investors unlikely to pay attention to the Chicago Fed’s N...
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Friday October 22nd, 2021

The US$ dips, oil prices rebound, equity markets and US yields strengthen ahead of Fed’s Chair Powell speech. Fed Chair Powell will be delivering a speech at 3pm est, this will be last chance for markets to get any insights on the Fed post pandemic policy before the Fed goes into the blackout peri...
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Thursday October 21st, 2021

The US$ rebounds, oil prices weaken, equity markets are mixed while US$ yields strengthen ahead of US jobs and manufacturing data. The US Dept of Labor will publish its weekly Initial Jobless claims which is expected to hold steady near 300k. Sept Existing Home Sales and Oct Philadelphia Fed Manufac...
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Wednesday October 20th, 2021

The US$ edges higher, oil prices dip, equity markets are mixed while US yields firm ahead of the US Fed’s Beige book. The Fed’s beige book reports on the current US economic situation which may provide support to US yields/US$ if it reaffirms increasing pricing pressures across the US. The US$ i...
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Tuesday October 19th, 2021

The US$ weakens, oil extends its rally, equity markets rebound while US yields pull back as poor US industrial data on Monday tempers hawkish Fed’s expectations. The US$ index vs a basket of major currencies drops ½%, trading at multi-week lows on a resurgent in appetite for risker assets. Focus...
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Monday October 18th, 2021

The US$ and oil prices edge higher, equity markets dip, while US yields firm as risk-off sentiment returns amid China’s economic slowdown. China’s 3rd quarter GDP falls short of expectations as growth slows to 4.9% and industrial production rose by just 3.1% in September vs 4.5% expected. A sp...
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Friday October 15th, 2021

The US$ is flat, oil extends gains, equity markets and US yields are up amid improving risk sentiment. The US$ is heading for its first weekly decline vs a basket of major currencies as global risk appetite increased after the FOMC minutes on Wednesday pointed to tapering into Nov/Dec. Intraday focu...
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Thursday October 14th, 2021

The US$ weakens, oil prices rally, equity markets firm while US yields are mixed after the FOCM minutes point to tapering in Nov/Dec. Wednesdays much anticipated US CPI came out as expected, and the Fed minutes pointed to tapering as soon as November. The US$ slipped from its recent 1-year high on b...
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