Forex News

NFP will not be a Game Changer for the Fed

The headline NFP number for September was marginally weaker at 136K vs the 145K expectation.  However, with the revision to August’s number from 130K to 168K, the overall headline number will be looked at as slightly better than expected.  The headline NFP Payroll number itself should not sway the Fed in their decision to cut …

Pound overplayed as EU half plays along

Sterling surrenders gains after Boris Johnson surrenders to the ‘Surrender Bill’ Sterling was heading for its first weekly gain since the middle of last month. Then it emerged that Prime Minister Boris Johnson, who dubbed the law that prevents a no-deal Brexit “the surrender bill”, had pledged to send a letter to the EU seeking …

Market Brief: Stocks Shrug Off Lackluster Wage Growth

FX: The Australian dollar was the strongest major currency on the day, with the British pound and US dollar bringing up the rear. The pound was hurt by fears over the viability of PM Boris Johnson’s Brexit proposal and his repeated emphasis on leaving the EU at the end of the month, with or without …

Week Ahead: US-China trade talks set to resume as global economy shivers

With macro concerns back to the forefront of investors’ minds, there will be plenty of economic data to drive sentiment next week, particularly from Europe. In addition, we will have US inflation figures and Canadian employment data to look forward, as well as minutes from both the ECB and FOMC’s last policy meetings. Oh, and …

GBP/USD: New Brexit Plan Brings Indecisive Pound Reaction

…But the US dollar’s sudden weakness may cause the cable to rise anyway. The GBP/USD barely reacted to Boris Johnson when he delivered his new Brexit proposals earlier. Everything the UK Prime Minister said had already been reported in the media. He proposes to ditch Thresa May’s contentious “backstop” arrangement for the Irish border and …

Market Brief: Non-Manufacturing ISM won’t be a Non-Event

Stock market snapshot as of [3/10/2019 1:51 PM] A day after stocks and other risk-laden assets were sold the hardest since August it’s been a fairly positive morning in Europe, though admittedly, one of the most pivotal stock markets, Germany’s DAX was closed for a public holiday The tentative rebound is all the more remarkable …

Turkey Reports Huge Drop in Inflation

Headline CPI data released earlier today from Turkey for September came in much worse than expected at 9.26% vs 15.51% expected and 15.01% last.   The large miss in inflation data has set up expectations of another rate cut by the Central Bank of the Republic of Turkey (CBRT) when they meet on October 24th.  Rates …

EUR/USD could break 1.10 resistance on US slowdown worries

The U-turn in the US dollar has been so severe that even the likes of the Brexit-hit pound and RBA-hit Aussie have managed to rise against it. Thanks to a few noticeable data misses, the probability of a 0.25% rate cut has increased sharply. The market-implied odds of an October rate cut is up to …

Market Brief: Stocks Shrug Off Non-Manufacturing PMI Swoon

FX: The New Zealand and Australian dollars were the day’s strongest major currencies; the Swiss franc and Canadian dollar were the weakest. The British pound also edged higher after the announcement of Boris Johnson’s new Brexit plan. US data: The ISM Non-Manufacturing PMI survey confirmed the weakness in its Manufacturing cousin, printing at 52.6, well …

1 2 71 72 73 74 75 92 93