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Pound Drops
Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak
FTSE 100
FTSE 100 Tech Update: Top and Bottom-side Levels in Focus
Crude Oil Prices
Crude Oil Prices Brace for OPEC News, Gold Prices May Bounce
Wall Street Gains
Wall Street Gains See Asia Stocks Start the Week Perky

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January 9, 2017

Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak

Talking Points:

British Pound slumps as UK PM May revives “hard Brexit” fears Australian Dollar follows local shares higher amid risk-on trade Cautious Fed-speak may cool rate hike bets, weigh on US Dollar

The British Pound is underperforming in otherwise quiet trade at the start of the trading week, roiled by comments from UK Prime Minister Theresa May over the weekend. May rekindled worries about a “hard” Brexit – wherein the UK would lose access to the EU single market – in an interview with Sky TV. She said her priority is to negotiate the best possible UK/EU trade deal while remaining firmly outside the regional bloc rather than find ways [...]

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January 5, 2017

Crude Oil Prices Eye Inventory Data, Gold May Extend Recovery

Talking Points:

Crude oil prices rise, correcting after yesterday’s selloff Gold prices gain as FOMC minutes dent rate hike outlook ISM and ADP may see gold rise further as EIA boosts oil

Crude oil prices turned higher in a move that seemed corrective after yesterday’s sharp selloff. API data showing inventories fell 7.43 million barrels last week probably didn’t hurt either, but much of the day’s advance had already occurred by the time the release crossed the wires.

Gold prices pushed upward as expected following the release of minutes from December’s FOMC meeting. Policymakers seemed far less convinced of the need for [...]

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January 3, 2017

Euro May Overlook German CPI Uptick, US ISM Survey in Focus

Talking Points:

US Dollar corrects broadly lower as liquidity rebuilds after holidays Aussie Dollar outperforms on upbeat China PMI, NZ Dollar follows Euro may look past German inflation uptick, US ISM survey in focus

The US Dollar corrected lower overnight having traded broadly higher against its major counterparts in yesterday. The Australian and New Zealand Dollars proved best-supported, which may reflect the two currencies’ allure as the highest yielders in the G10 FX space. This makes them natural alternatives to the greenback when an adverse shift in the Fed rate hike outlook undermines the US unit.

The Aussie [...]

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December 29, 2016

China’s Market News: China Expands CFETS Yuan Basket, Cuts Dollar’s Weight

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources.

– U.S. Dollar, Euro, Yen, and Pound’s weights in CFETS Yuan Index have been reduced.

– China’s liquidity mechanism shows a clogging issue: non-bank institutions unable to borrow from banks.

– If you’re looking for more trading ideas, check out our Trading Guides.

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Yuan Rates

– China [...]

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