26 May 2017, 06:54
- Asian equities traded broadly softer with underperformance in the ASX amid OPEC-inspired softness in energy names
- GBP/USD trades softer as the Labour Party continues to gain ground on the Conservatives ahead of next month’s election
- Looking ahead, highlights include US Durable Goods, University of Michigan and ECB’s Coeure
25 May 2017, 07:19
- FOMC Minutes saw USD and treasury yields back up after the FOMC thought it was prudent to wait for further evidence that recent weak data was transitory before hiking again
- The subsequent upside in US equities filtered tspanough to Asia-Pac trade while WTI and Brent crude saw mild gains ahead of OPEC
- Looking ahead, highlights include UK GDP, OPEC Meeting, Fed’s Brainard and ECB’s...
24 May 2017, 20:02
24 May 2017, 06:54
- Asian bourses traded mixed with downside in Chinese indices after Moody’s downgraded China’s Sovereign rating
- UK PM May said UK terror tspaneat level has been raised to critical from severe, which suggests a further attack could be imminent
- Looking ahead, highlights include US Building Permits, Existing Home Sales, DoE Inventories, FOMC Minutes, BoC Rate Decision, ECB’s Praet and Draghi ...
23 May 2017, 06:55
- Asian equities traded with a mildly cautious tone amid reports of a terrorist incident in Manchester with macro newsflow otherwise light
- In FX, reports of the Manchester explosion triggered safe-haven flows into JPY with USD/JPY briefly falling below 111.00, while GBP/JPY was the notable underperformer
- Looking ahead, highlights include Eurozone PMIs, German IFO and a slew of central bank...
22 May 2017, 06:56
- Asian equities traded mostly higher despite ongoing geopolitical concerns with outperformance in the ASX amid upside in energy and material names
- GBP/USD slipped back below 1.3000 as PM May’s lead in the latest YouGov poll narrowed
- Looking ahead, highlights include Fed’s Kashkari and Harker
19 May 2017, 06:54
- Asian equities traded with little in the way of firm direction amid light newsflow after US stocks posted a modest rebound from Wednesday’s losses
- GBP staged another ‘flash crash’ falling around 100 pips in 12 seconds during US hours amid no new fundamental news
- Looking ahead, highlights include Canadian retail sales, ECB’s Praet, Coeure, Constancio and Fed’s...
18 May 2017, 06:55
- Asian equities took the lead from their US counterparts whereby sentiment was hampered by the ongoing political tensions in Washington
- Subsequently, the USD-index continued to drift lower while chances of a June Fed hike begin to recede
- Looking ahead, highlights include UK retail sales, Philadelphia manufacturing, Fed’s Bullard, Mester, ECB’s Mersch, Draghi and...
17 May 2017, 06:56
- Asian equities traded with caution after US equity futures saw pressure following the latest developments in the FBI saga
- JPY strengthened as the cautious tone triggered flows into safe-haven assets which saw USD/JPY break firmly below 113.00
- Looking ahead, highlights include the UK labour report, Eurozone CPI and the DoE Inventory report
16 May 2017, 06:55
- Asian equities failed to benefit from the energy-inspired gains seen on Wall Street with the Nikkei 225 stopping just shy of 20,000
- USD/JPY and JPY-crosses traded choppy with the early upside reversed, as sentiment soured and spurred flows into safe-haven JPY
- Looking ahead, highlights include UK inflation, German ZEW, US Building Permits, Housing Starts, ECB’s Nowotny and...
15 May 2017, 06:55
- Asian equities traded with no firm direction as the region digested mixed Chinese data and mounting geopolitical tensions
- In FX, JPY was supported by safe-haven flows while NZD was lifted by upbeat domestic retail sales
- Looking ahead, highlights include US NY Empire State Manufacturing Index and ECB’s Praet
12 May 2017, 06:55
- Overnight trade saw an overall lack of pertinent macro newsflow with Asian equities subsequently trading with little in the way of firm direction
- Similar price action was also observed in FX markets with GBP/USD unable to recoup yesterday’s BoE-inspired losses
- Looking ahead, highlights include US CPI, Retail Sales, Uni. Of Michigan, Fed’s Evans, Harker and ECB’s...
11 May 2017, 06:58
- NZD/USD fell over a point to 11-month lows as the RBNZ struck a more dovish than anticipated tone and remained in favour of accommodative policy
- Asian equities were kept afloat by upside in energy names in the wake of yesterday’s DoE report
- Looking ahead, highlights include UK Industrial and Manufacturing Production, BoE policy announcement, ECB’s Constancio, Praet and Fed’s...
10 May 2017, 06:58
- Asian equities traded modestly higher, sspanugging off some of the North-Korean inspired geopolitical concerns seen late in the US session
- The USD-index pulled back from recent advances which provided some reprieve for its major counterparts and saw EUR/USD approach 1.0900
- Looking ahead, highlights include DoEs, RBNZ rate decision, ECB’s Draghi and Fed’s...
09 May 2017, 06:55
- Asian equities traded with little in the way of firm direction with macro newsflow particularly light overnight
- USD held onto yesterday’s gains as the USD-index remained above the 99.00 level while AUD underperformed amid downbeat domestic retail sales
- Looking ahead, highlights include US JOLTS, APIs, Fed’s Kaplan and Rosengren
08 May 2017, 06:54
- French Presidential Candidate Macron became the President Elect after he won the 2nd round run-off
- Asian equities traded mostly higher with outperformance in the Nikkei 225 as Japanese participants returned from holiday
- Looking ahead, highlights include potential comments from Fed’s Bullard and Mester
WEEK IN FOCUS: French Election To Set The Tone Early Doors, With Questions Surrounding Growing Dissent Within The BoE
05 May 2017, 19:47
05 May 2017, 06:55
- Asia equity markets traded negative amid commodity weakness in which oil continued its sell-off, while the looming US NFP data also added to the subdued tone
- The greenback’s attempts to nurse recent losses were futile, with the USD-index contained below the 99.00 level.
- Looking ahead, highlights include US Jobs Report, Fed’s Fischer, Williams, Evans, Yellen and...
04 May 2017, 06:58
- The Fed kept rates unchanged as expected while maintaining an overall upbeat view of the economy and labour market
- This subsequently provided support to the USD with USD/JPY moving closer to 113.00 and EUR/USD below 1.0900
- Looking ahead, highlights include Eurozone services PMIs, Norges Bank rate decision, US trade data, factory orders and a slew of ECB speakers
03 May 2017, 07:09
- Asian equities traded with little in the way of firm direction amid looming risk events and a slew of market closures overnight
- GBP has lost some ground heading into the EU open amid reports that UK PM May is said to have been barred from discussions on Brexit terms
- Looking ahead, highlights include the FOMC rate decision, ADP Employment Change and...
02 May 2017, 06:57
- Asian equities trade with little in the way of firm direction as markets return from holiday and digest softer than expected Chinese PMIs
- Support was seen for AUD after the RBA kept rates on hold as expected while being upbeat on the global economy
- Looking ahead, highlights...
28 Apr 2017, 19:11
28 Apr 2017, 07:22
- Asian equities traded mostly lower despite some strong US tech earnings after-market as political concerns and softness in commodities tempered gains
- FX markets were relatively quiet with USD/JPY subdued around 111.00 after a slew of mixed data releases
- Looking ahead, highlights include US and Canadian GDP, Chicago PMI, Uni. Of Michigan
27 Apr 2017, 06:54
26 Apr 2017, 06:57
- Asian equities followed their US counterparts amid a slew of strong corporate earnings
- AUD slipped in response to softer than expected inflation figures, despite moving to within the RBA target range for the first time since 2014.
- Looking ahead, highlights include US DoE Crude Inventories and Canadian Retail Sales.