Tag: Dean’s FX

Dollar rally takes a time out

Tuesday August 7: Five things the markets are talking about Most global equities found traction overnight as earnings season continues, helping support investor sentiment against a backdrop of trade worries and geopolitical concerns. The trend for a rising U.S dollar is taking a pause, with the dollar edging lower against G10 currency pairs. A lack […]

US Dollar Takes NFP Hit But Ends Up Higher on the Week

The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent. The greenback is still higher against most majors on a weekly basis. The past five […]

Big revisions offset July miss on payrolls

By the numbers: July NFP and U.S Trade Average hourly earnings m/m: +0.3%e vs. +0.3%a Average hourly earnings y/y: +2.7%e vs. +2.7%a U.S employment change: +193Ke vs. +157Ka U.S unemployment rate: +3.9%e vs.+3.9%a Prior change in NFP: revised higher from +213K to +248K Prior change in private payrolls: revised higher from +202K to +234K Prior […]

NFP could lift dollar higher

Friday August 3: Five things the markets are talking about President Trump’s unpredictability on trade is keeping capital markets on the back foot and a theme that is not expected to change anytime soon. The ‘big’ dollar remains better bid ahead of this morning U.S jobs report (08:30 am EDT), supported mostly by the markets […]

BoE hike a close call

Thursday August 2: Five things the markets are talking about The Bank of England is more likely than not to hike interest rates +25 bps to +0.75% this morning (07:00 am EDT), but this has only recently become a closer call. June’s BoE meeting minutes showed that three out of nine MPC members voted to […]

Trade war angst trumps Fed rate decision

Wednesday Aug 1: Five things the markets are talking about Over the past fortnight, fixed income, forex and the commodities market have become rather boring and range bound. Will today’s Fed monetary policy announcement be the facilitator to end this market consolidation? Futures prices would suggest rather strongly that, nope, there is nothing new to […]

BoJ’s new script supports the carry-trade

Tuesday July 31: Five things the markets are talking about Sovereign government bonds prices have rallied overnight as the Bank of Japan (BoJ) again committed to keep its “ultra-loose” monetary policy intact. As expected, Japanese policy makers tweaked some policies, but signalled rates to stay low for an “extended period of time.” In respect to […]

G7 FX moves look to central banks for direction

Monday July 30: five things the markets are talking about Stocks begin a new week under pressure, as investors mull over some lofty corporate earnings and a number of key policy meetings. A host of G10 central banks are on tap to offer their monetary policy decisions – the Bank of Japan (BoJ), Reserve Bank […]

Dollar Mixed Ahead of Busy Week in the Market

The US dollar is mixed on Friday against major pairs. The US economy grew at a 4.1 percent pace on the second quarter according to the first estimate. The number came in right on the forecast which had no positive effect for the USD, but it did validate the U.S. Federal Reserve decision to keep […]

U.S dollar firmer on GDP expectations

Friday July 27: Five things the markets are talking about Euro stocks have found some traction after a mixed performance overnight in Asia, as investors remain upbeat over the tentative trade truce between the U.S and the E.U. President Trump and E.C Commission President Juncker agreed, in principle, not to impose new tariffs while the […]