Daily Market Commentary

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Wednesday October 2nd, 2019

US$ rebounded overnight after its rapid sell off yesterday related to the disappointing U.S manufacturing data (decade low). Investors brushed off the weak data focusing on the US’s relatively strong economy, the focus has shifted to Fridays Non-Farm payroll for direction. Aud rebounded from i...
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Tuesday October 1st, 2019

US$ strength continues as it hits 29 month highs, boosted by the resumption of trade talks and positive US economic conditions. Expectations are that the US$ will remain firm as Investors are cautious of Eur and the growing sentiment that the FED will hold interest rates. The Reserve Bank of Austra...
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Monday September 30th, 2019

US$ remains firm vs the major currencies ahead of Sino/US trade talks and US impeachment inquiry. The U.S. House impeachment inquiry intensifies as witnesses testify on allegations made the Whistleblower. On Trade, Vice Commerce minister said China hopes Beijing & Washington will resolve their ...
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Friday September 27th, 2019

Democrats have a majority of 53% to launch an impeachment inquiry into U.S. President. The impeachment inquiry so far, appears to have had minimal impact on investor sentiment. The markets primary focus is the upcoming Sino/US trade talks where optimism is growing on comments yesterday from China,...
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Thursday September 26th, 2019

US$ continued its rally vs major currencies on safe-haven buying amid US lawmakers impeachment probe. On the trade front, U.S/Japan signed a limited trade deal, but left autos for future talks. The U.S President also commented that “a trade deal with China could happen sooner than people thin...
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Wednesday September 25th, 2019

The primary driver for the markets was the U.S. Presidents comments at the UN and U.S. lawmakers calling for an impeachment inquiry. U.S. Presidents stern comments about China & concerns over Hong Kong has cast doubts over the prospects of China/US reaching a trade agreement. The combination of...
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Tuesday September 24th, 2019

US$ remains relatively stable vs major currencies as Sino/US trade optimism grew. China granted several Chinese companies tariff waivers for US Soybean imports. The waivers have set a positive tone ahead of high-level trade talks scheduled in 2 weeks’ time. UK supreme court rules that UK PM g...
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Monday September 23rd, 2019

US$ starts the week stronger vs major currencies after disappointing German data and mixed comments from last weeks trade talks. US-Sino trade talks, both sides said that the negotiations are “productive” and “constructive.”  Chances of an interim deal seem slim as Presiden...
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Friday September 20th, 2019

The US$ weakened vs the major currencies after the FED cut and other key central banks kept their rates unchanged. The ongoing Sino/US trade discussions continue today, but mixed signals from white house advisors caused some confusion for investors. The Japan/US trade talks should be completed next ...
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Thursday September 19th, 2019

A busy week for central banks. The feds cut rates 0.25% as expected, whilst central banks in Japan, Switzerland and UK keep their rates unchanged. The outlier Norway saw its central bank raise interest rates. The US$ vs the major currencies remains broadly unchanged as the market digests the Feds mi...
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