FX Daily

 

FX Daily
July 07, 2016 Posted by
Market sentiment is more positive today with global equities, crude oil (+1.3%, $48) and bond yields (US 10yr 1.42%) in recovery mode.
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FX Daily
July 06, 2016 Posted by
Dark clouds continue to hover above us with the suspended trading of several UK property funds setting a negative tone (latest - Henderson suspended their GBP 3.9B UK fund).
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FX Daily
July 05, 2016 Posted by

Risk Aversion continues with concerns of a domino effect in the UK property market as Standard Life, Aviva and just now M&G suspended trading of their UK property funds due to accelerated redemption from clients.  

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FX Daily
July 01, 2016 Posted by
We start H2 on a calmer note in light of the US July 4th and Canada National holiday.
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FX Daily; Asia
July 01, 2016 Posted by
Surprise Brexit outcome caused global currencies tumbled, but RMB’s loss paled in comparison to global currencies. Stock markets and FX liquidity recovered two days after the Brexit vote. Near term, we might see USD/CNH to retreat further to the low 6.60’s, which would be good opportunities for companies to lock in FX rates for USD purchase. The medium to long term outlook for USD/CNH is still moving higher in an orderly fashion with a possible target of 6.75 by year end. PBOC sought stability and will prevent the RMB depreciating too fast.
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FX Daily
June 24, 2016 Posted by
UK's decision to leave the EU sent financial markets reeling and the uncertainties ahead is affecting investment decisions and monetary policies globally.
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FX Daily
June 23, 2016 Posted by
The UK referendum date is finally here! Markets have been whippy and liquidity will continue to diminish through the day.
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FX Daily
June 22, 2016 Posted by
Markets are in a holding pattern awaiting the outcome of the UK referendum on EU membership.
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FX Daily
June 21, 2016 Posted by
Market sentiments has improved slightly with two out of three polls showing the Bremain camp still leading before Friday's UK referendum vote (ORB 53% remain vs 46% leave, NatCen 53/47, YouGov 42/44%).
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FX Daily
June 15, 2016 Posted by
Stability has returned, but it could get very interesting in the next 48 hours. It kicks off with the FOMC at 2pm EST where the Fed is widely expected to keep rates unchanged.
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