Daily Market Commentary

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Monday 27th May, 2019

Euro opens slightly stronger as Pro-EU parties retain their hold on the EU parliament, but concerns as Eurosceptic’s made strong gains. Focus is back on US/China escalating tensions over trade/technology and the FEDs response to worsening economic outlook. With the US & UK both out today, ...
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Friday May 24th, 2019

Another busy overnight session with the US$ coming off its recent highs. Optimism of a trade solution grew slightly, boosting european equities and currencies. The EU elections have started and the prospect that eurosceptic parties across the continent may perform well. In the UK, PM May announced ...
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Thursday 23rd May, 2019

The US$ hit a one-month high as investors exited Asian & European currencies. Global economic concerns, Brexit worries and EU elections left investors little choice but to buy US$.   US$ bounced back against the C$. Falling oil prices coupled with investors focused on safe-haven currencies ...
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Wednesday May 22nd, 2019

The ongoing China/US trade conflict continues and concerns of the negative impact on various economies is growing. The EU elections and deadlock on Brexit both had additional impact on the markets today. US$ continued to sell off vs C$ as investors confidence grew after the lifting of tariffs and th...
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Tuesday May 21st, 2019

US$ continues firmer against most currencies as US-China trade concerns continue to linger. Expect US$ to remain firm as US treasuries yields rose and concern over upcoming EU elections.   US$ eased against C$ with the lifting of tariffs and expected ratification of the USMCA trade deal. In add...
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Friday May 17th, 2019

Safe haven currencies gain ground as concerns continue for a US/China trade resolution and caution ahead of the European elections. US$ rallied against C$ despite firmer oil prices and good Canadian data. Ongoing oil supply concerns should keep prices oil firm in the short term and expect no break o...
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Thursday May 16th, 2019

Mixed news overnight saw US$ weaker vs Eur & C$, but the GBP sell off continues. C$ rallied on a combination of firmer oil prices, optimism over metal tariffs and positive inflation data. We are currently sitting in the middle of recent ranges, bit a bias of further US$ weakness. A retest of Apr...
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Wednesday 15th May, 2019

US$ opens firmer against the major currencies as concerns linger over the US/China trade dispute. Mixed data overnight, Chinese data showed their economy slowing last month, where as German GDP was positive. US$ firmed against C$ as oil prices eased and with the ongoing US/China trade concerns. US$ ...
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Tuesday 14th May, 2019

Mixed markets as US & China both raise tariffs, but both agreed to keep the dialogue going. President Trumps text commenting that trade talks could succeed, was received positively. US$ remains firm against C$ which is holding at the higher end of recent ranges. Concerns over oil supplies from S...
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Monday 13th May, 2019

Equities and CNY weakened overnight in Asia after US/China failed to secure a trade deal on Friday. The US$ against the major currencies remains stable, virtually unchanged from last weeks range. Going forward the impact of the failed trade talks could see Aud & Cad weaken and Yen and Chf firmer...
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