FX Daily

 

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.  
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FX Daily
February 22, 2016 Posted by
Risk appetite returns as oil prices rockets over 7% and equities rally with bank and energy stocks outperforming.
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FX Daily
February 17, 2016 Posted by
Risk returns despite a shaky Asia session.
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FX Daily
February 10, 2016 Posted by

Foreign exchange volatility climbed to the highest level since 2012 as Federal Reserve....

 
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FX Daily
February 08, 2016 Posted by

Many Asian markets are closed this week due to Chinese New Year. The yen strengthened...

 
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FX Daily
February 05, 2016 Posted by
Risk appetite has diminished this morning following the release of the weaker US jobs data.
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FX Daily
January 29, 2016 Posted by

BOJ followed the path of the ECB and RBNZ shocking the market with quantitative and qualitative easing with negative interest rates and extending the timeline to achieve the 2.00% inflation target.

 
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FX Daily
January 22, 2016 Posted by
Global equity markets are rallying on speculation that the ECB will add to its quantitative easing program and that Japan and China may also take steps to support their markets. This speculation is also spilling over into the currency markets, with both the EUR and JPY trading .5% weaker against the USD.
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FX Daily
January 21, 2016 Posted by
Yesterday’s session was volatile and ended the day in negative territory though nowhere near the lows. Equity markets are viewing the relatively strong comeback as a positive, with stocks now rallying this morning. The question is whether today’s price action thus far is going to prove to be another dead cat bounce or the start of a recovery from oversold conditions.
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FX Daily
January 20, 2016 Posted by
The IMF lowered their forecast for global growth in part as a result of slower growth from China. This news added some downside momentum to the global equity rout which now has nearly every index across the globe by in excess of 1% today.
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