Daily Market Commentary

Latest News

Friday August 9th, 2019

Safe-haven currencies continue to be in demand as trade tensions continue, signs of slowing economic growth and increased political uncertainties. Yen has rallied vs US$ from 112 in May19 to its current level of 106 and US$ weaken vs the index, falling to a 2 month low. US announced its halting Hu...
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Thursday August 8th, 2019

Global “Risk” concerns eased somewhat after the release of stronger than expected Chinese trade data showing July exports rose 3.3%. Additionally Beijing’s proactive efforts to slow the weakness of the renminbi, helped boost global market sentiment. The ongoing trade tensions conti...
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August 7th, 2019

Sino/US trade tensions continues to impact all markets. Safe-haven buying of Yen & Chf & gold which hit 6 year highs. Chinese Yuan remains weak above 7 Yuan vs US$, but positive actions by China reduced some volatility. Reserve Bank of NZ cut rates greater than expected to 50bps weakening it...
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August 6th, 2019

China/US trade dispute enters a new phase as Chinese Yuan hit a decade low vs US$ this week, breaching key US$/CNY 7.00 level. Washington responding to the weaker Yuan by labeling Beijing a currency manipulator. Markets have settled somewhat, with some unwinding of safe-haven currencies and a slight...
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August 2nd, 2019

China warns of retaliation after the US’s surprise announcement yesterday to impose fresh tariff’s on China. The announcement saw safe-have Yen & Chf rally to fresh highs vs US$ and CNY weaken to 2 1/2 year lows. Investors will watch today’s Non-Farm Payroll closely for signs o...
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August 1st, 2019

US$ rallied vs all currencies from Fed Chiefs comments “Mid-cycle policy adjustment as opposed to the start of a rate cutting cycle”. Almost un-notice the China/US trade talks wrapped up “constructive talks” and are set to continue in September. Focus will shift to today&#821...
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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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