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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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Oil, S&P in new 2016 highs – ECB in focus today

Oil seems to be the main driver for risk at the moment (despite increasing costs for companies) and as the Crude Inventories came out lower than expected due to falling output, oil rallied with WT Crude testing the $44-level before finding offers and has overnight continued on the bid sending the black gold to highest […]

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Rebound in oil sends risk on the bid

Markets opened lower on Monday on back of Doha meeting over the meeting, where no agreement on the output level of oil was reached. This sent Crude oil down more than 5% and Brent down more than 6% on Monday, but market players saw that as an opportunity to re-enter long positions. In addition to […]

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Equities Constructive on Upbeat Earnings, Australian Employment Data

Stock market continued on the bid for the second day in a row despite a rally in the US Dollar and disappointing US Retail Sales and deflationary pressure in the US PPI. Fed’s Beige Book showed an increased activity in 11 of the 12 districts and an upward pressure on wages and company earnings announcements […]

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Risky assets in bullish mode – oil closing above $40/barrel, printing new 2016 highs

Good morning, Global equities were boosted yesterday as investors reallocated from safe haven instruments on back of a solid increase in Chinese exports. The US dollar was well bid against most peers and this has continued overnight with JPY losing ground as PPI came out lower than expected, sending USDJPY back above 109 this morning […]

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FOMC hawks talking equities and oil lower

In the aftermath of the dovish FOMC meeting last week, yields have been pushing slightly higher fuelled by hawkish comments from FOMC about a potential rate increase already in April. EURUSD rose to 1.1342 immediately after the meeting and the implied yield probabilities fell across the curve. A week after the statement, equities are indeed […]

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Markets mixed to lower ahead of Easter

Following a mixed session yesterday with terrible attacks on Brussels and some uneventful macro data (besides from upbeat Euro zone PMIs), the markets seem to being holding back a tad. In the Asian session, indices traded in fairly tight ranges and the AUD and JPY both lost ground against their peers. Oil fell following a […]

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Risk taking subdued post FOMC rally

Last week, besides the main event from the FOMC, many other central banks followed suit in posting dovish comments on the monetary outlook in light of the recovery in global growth taking longer time than anticipated. Markets are trading on back of the monetary events taking place and this creates a lot of noise for […]


GBP on the offer, Oil pushing higher, Equities mixed

The rally we enjoyed in risky assets on Monday may have been short-lived should the development witnessed in Asia spread to the EU and US session. A weak CNY fixing set by the PBOC 0.17% weaker at 0.6527 this morning set the markets back and most Asian indices retreated with the Shanghai Composite down 1.4% […]