Equity and Commodity markets remain positive, US$ rebounds, while Australian and EU economic data disappoints. US$ Index rebounds 0.5% mtd after Tuesday’s positive manufacturing data and a growing anticipation that the US Senate may resume stimulus talks. AUD weakened (-0.5% mtd) after its GDP dat...

The US$ remains under selling pressure with the US$ index hitting 2-year lows, while equity and commodity markets strengthen. In China the Caixin manufacturing PMI beat expectations for August and showed continued positive signs of a Chinese recovery from the covid lockdowns. The Chinese CNY rallied...

The “risk-on” mood prevails with the US$ index testing multi-month lows, Oil & Equity markets rallying, with the Chinese service sector data surging. Chinese data out this morning boosted markets with the service sector expanding greater-than-expected, while manufacturing PMI grew at...

US$ comes under selling pressure after the Fed Chair’s speech yesterday, Japanese PM resigns and “risk-on” sentiment returns to the markets. As expected, the Fed Chair introduced the Average Inflation Target (AIT), with the anticipated US$ sell off has been controlled and momentum is expected ...

Global markets consolidate ahead of the Fed Chairs speech today, with the US$ holding steady near its one-week lows. Expectations are that the Fed Chair will introduce a new monetary policy framework which will include Average Inflation Targeting (AIT). The impact of the policy would mean that inter...

Markets consolidate ahead of the widely anticipated Federal Reserve Chair Jerome Powell’s speech tomorrow. The Fed Chair is anticipated to have a dovish tone tomorrow, and is expected to layout a critical shift in policy to Average Inflation Targeting (AIT) which allows inflation to surpass 2% and...

Currencies strengthen after the Sino/US trade phone call and vaccine optimism helps improved the “risk-on” mood. The US Trade Representative and Treasury Secretary held a phone call with the Chinese Vice Premier in which they reaffirmed their commitment to the phase one trade deal. The UK Financ...

The US$ weakens, equity & oil markets strengthen on the FDA’s authorization of a plasma treatment for coronavirus. The FDA announced its “emergency use authorization” of the treatment on Sunday as US virus cases approach 6mio and a death toll at +180k. Investors remain cautious that this c...

Weak EU PMI data, Sino/US confusion on trade, oil prices slip and US$ Index rallies as the “risk-on” mood stalls. The US$ index rebounded strongly after testing multi-year lows earlier in the week as investors consolidate short positions. Concerns rise over the direction of Sino/US bilateral pha...

The US$ index rallies 1%, equity and oil markets weaken after dovish FOMC minutes. The FOMC minutes reiterated its message for an expected tough and prolonged economic recovery, but the minutes were less dovish than some had expected. The US, Chinese, Philippines, Sri Lankan, Turkish and Norwegian c...