Daily Market Commentary

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Tuesday August 20th, 2019

The US dollar remains strong across the board on expectations of fresh stimulus measures to help curtail a major global economic downturn. Investors also appear to be somewhat positive about the upcoming Sino/US trade talks, which is adding to rising global risk appetite. No key data out today, but ...
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Monday August 19th, 2019

Market calm appears to be returning with comments of fresh stimulus measures, offsetting global recession fears. US$ index remains firm, Eur and C$ both rebounding from recent lows and safe-haven currencies selling off. Mixed signals from US as economic advisor highlighting China/US in 10 days and t...
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Friday August 16th, 2019

Recession concerns remain, but risk sentiment eased as investors focused on US presidents comments about “productive” trade talks with China and a likely meeting in September. China also hinted plans to spur economic growth and boost disposable income by 2020. Investors responded to the ...
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Thursday August 15th, 2019

Recession risk remains the markets primary focus after the US bond yield curve inverted on Wednesday for the first time since 2007. US/China trade tensions is growing as China threatens countermeasures to tariffs. The US made comments about Hong Kong’s “special status” and to tie...
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Wednesday August 14th, 2019

Washington signaled a de-escalation of trade tensions by delaying new tariffs set to come in effect in September commenting “we are doing this for the Christmas season”. Washington also announced that Trade talks are set to resume in two weeks. Chinese July industrial output rose at the slowest ...
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Tuesday August 13th, 2019

Safe-haven currencies continue to rally on global growth concerns linked to the ongoing Sino/US trade dispute. In Asia, Singapore revised lower its growth forecast for 2019, Chinese RMB hit fresh decade lows vs US$ and officials stated the currency was at “appropriate levels”. In Argenti...
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Monday August 12th, 2019

Investors focus on comments from the US President stating he wasn’t ready to make a trade deal with China and US not resuming business with Huawei yet. Without an end of trade tensions, Yen & Chf continue to rally with Yen hitting a seven-month highs vs US$.   Despite weak jobs data, inve...
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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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