Volatility Ahead Road Warning Sign , 3d render

Quiet Monday – busy week ahead

US Data (Retail Sales, Michigan sentiment) on Friday surprised to the upside and this has triggered rate speculation once more as we wrote in our update from last Friday, sending equities lower and the USD higher against most peers. The Euro zone economy took a hit on weaker than expected growth for Q1. Global equities […]

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Global Stocks To Post Third Weekly Loss?

Risk aversion has been dominating recently on back of concerns of a global slowdown and uncertainty about the outcome of the Brexit referendum just to name a few parameters. This could lead to the that the saying “sell in May and walk away” once again will prove itself to be correct. US stocks were flat […]

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EURUSD looks to turn around after six days of losses

Markets continued yesterday with broad based USD-strength and a general positive mood in the markets which followed through in Asia, despite a drop in Hang Seng. The Nikkei closed above the Ichimoku cloud, making the technical outlook changing from negative to positive and USDJPY printed May highs at 109.35 with the outlook negative. Despite an […]

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Weak NFP Sends US Rate Hike Off The Table

On Friday, the US April labour market report revealed a very weak growth in the nonfarm payrolls which initially sent the USD lower, but the Greenback reversed gains and ended more or less flat against most majors. The weak report has made most analysts believe that we only will see one rate hike this year […]

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Sell-off in Equities Continues Overnight on Global PMIs

Following the surprise cut from the RBA to historical lows at 1.75%, the EU session yesterday was taken on the wrong foot as both the China Caixin PMI and UK Manufacturing PMI fell below expectations and both showing contraction – for the UK it is the first time since April 2013. These triggered risk aversion […]

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RBA surprises markets – sending rates to historical lows

Despite a UK Bank Holiday, markets were very active yesterday. From Europe, upbeat PMIs from the manufacturing sector, European markets were mixed yesterday as risk aversion spilled over from the Asian session. In the afternoon, US figures triggered a sell-off in the US Dollar, which has continued overnight printing new 2016 lows against the CAD, […]

Zeit ist Geld an den Mrkten

Risk Aversion and US Dollar weakness still the theme

Equity markets were on the retreat on Friday and the US Dollar took another leg lower against most peers. Despite evidence that growth in the Euro zone is picking up, the markets focused on the US sentiment figures, which revealed a drop in the Chicago PMI as well as a slight deterioration in the U. […]

Bulle und Br

USD Takes a Beating as Markets Scaling Back US Rate Hike Expectations

Risk aversion has been dominating the scene following the announcement from the BoJ that no immediate stimulus would be introduced. Upbeat European sentiment indicators yesterday overshadowed negative Spanish CPI, but was not enough to offset the negative surprise in the US GDP for the first quarter 2016 sending US yields and the US dollar lower. […]

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FOMC, RBNZ Unchanged, BoJ surprises – JPY tumbles

Yesterday, The FOMC kept rates unchanged at 0.5% as we expected, but markets reacted very turbulent with first sending the US Dollar higher as the reference to global risks were removed, but ended the day trading lower as the market realised that no rate hikes were mentioned in the statement. Interest rates in the US […]


Mixed Sentiment Ahead of FOMC, Oil in new 2016 highs

Markets have been trading more or less sideways in the beginning of this week in light of key statements from the Federal Open Market Committee in the US and important macro figures for developed markets coming up.  Despite oil printing new 2016 highs, weak figures (Durables, Services PMI, Consumer Confidence) from the US put a […]