FX Daily

 

FX Daily
March 15, 2016 Posted by
Risk is off again as stocks and commodities retraced lower with crude down -2.5% to $36.20.
Read More
0 Comments | Join the Discussion

FX Daily
March 14, 2016 Posted by

The USD is trading firmer and markets are more stable ahead of more central bank rate decisions this week. 

 
Read More
0 Comments | Join the Discussion

FX Daily
March 11, 2016 Posted by
Markets are still trying to make sense of yesterday’s price action after Draghi watered down QE3 by signaling there was little room to cut rates further.
Read More
0 Comments | Join the Discussion

FX Daily
March 09, 2016 Posted by

Markets are trending sideways with key central bank decisions ahead in the next 8 days (RBNZ, ECB, BOJ, FED, SNB, Norges Bank and BOE). 

 
Read More
0 Comments | Join the Discussion

FX Daily
March 08, 2016 Posted by
We are back in risk off mode again after China’s trade data showed exports declined by -25.4% and imports fell by -13.8% to an 11 month low.
Read More
0 Comments | Join the Discussion

FX Daily
March 07, 2016 Posted by

The USD is trading firmer with the market in modest risk off mode after China’s NPC ended with slight disappointment. 

 
Read More
0 Comments | Join the Discussion

FX Daily
March 03, 2016 Posted by

The dollar traded softer against the majors and EM & commodities based currencies continue to outperform. 

 
Read More
0 Comments | Join the Discussion

FX Daily
February 29, 2016 Posted by

FX has been pulled in different directions this morning and the G20 meeting ended with no concrete measures. 

 
Read More
0 Comments | Join the Discussion

FX Daily
February 26, 2016 Posted by

FX markets continue in risk on mode as crisis concerns fade with equities, oil ($33) and commodities are on the upswing. 

 
Read More
0 Comments | Join the Discussion

FX Daily; FX Outlook; Asia
February 24, 2016 Posted by

Overview

  • The onshore RMB fix came out almost 1% stronger on Feb 15, 2016 at 6.5118.  After the fixing, RMB continued its rally to 6.4950 – making it the biggest one day gain in 10 years.
  • PoBC Governor Zhou pushed back on expectation of a sharp devaluation and tightened capital controls. 
  • Downgrading of Fed hike expectation and additional quantitative easing by Bank of Japan (BoJ) and European Central Bank (ECB) suppress G3 rates outlook which in turn may give some much needed breathing room for the RMB.     
  • Capital outflow remains a key concern that could exasperate further currency weakness.  The saving grace is what still looks like a healthy trade surplus.  
Read More
0 Comments | Join the Discussion