Mon, Dec 09, 2019 @ 12:22 GMT
Sterling strengthen broadly in relatively quiet markets today. Ahead of Thursday's election, Conservative's lead over Labour jumped back to 14pts according to a latest poll. Traders continue to be optimistic on a Conservative majority to finally rectify the EU...
We expect the FOMC will leave the Fed funds rate unchanged at 1.5-1.75% in December. The employment report released last week confirmed a resilient job market. Other indicators showed little deviation from the trend observed in October. Indeed, unless...
As suggested in the CFTC Commitments of Traders report in the week ended December 3. NET LENGTH in USD Index slipped -261 contracts to 23 877. Speculative long positions added +1 949 contracts and short positions gained +2 210...
According to the CFTC Commitments of Traders report for the week ended December 3, NET LENGTH for crude oil futures declined -42 901 contracts to 428 035 for the week. Speculative long positions fell -22 617 contracts while shorts...
It was a rough ride in the financial markets last week. Stocks were initially pressured in concerns over US-China trade negotiations. US President Donald Trump threw the idea that waiting until after 2020 election before closing the phase one...
Dollar rebounds broadly in early US session after positive surprise in job data. However, upside is relatively limited at the time of writing, capped by disappointing wage growth. For now the greenback remains the weakest one for the week....
Dollar remains the weakest one for the week as markets head towards weekly close. The greenback was weighed down by a string of weaker than expected economic data. Additionally, as December 15 natural deadline looms, it's still uncertain whether...
OPEC+ agreed to cut oil output further, by +500K bpd, effective March 2020. A formal agreement will be released on Friday. The 11 OPEc members would share 350K bpd of the cut while the 10 non-OPEC producers would share...
Canadian Dollar surges broadly again today as a top BoC official's comment further dismiss the chance of rate cut. Sterling is following as the second strongest on election and Brexit optimism. On the other hand Australia Dollar is the...
Dollar was sold off deeply this week on a string of weaker than expected economic data, as well as uncertainty over US-China trade deal. ISM indices and ADP private jobs all disappointed and the greenback's hope now cling on...
BOC left the policy rate unchanged at 1.75% in December. The accompanying statement turned more hawkish than October. Despite ongoing trade war uncertainty, policymakers remained upbeat about the domestic economic growth. They also acknowledged that the global economy has...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -4.93 mmb to 1263.83 mmb in the week ended November 29 . Crude oil inventory declined -4.86 mmb...
Dollar is under much selling pressure after another data miss in ADP employment. Markets are starting to worry that slowdown in the USA economy is not over. Road ahead could be even more bumpy with persistent trade risks. Bloomberg...
Markets turn into deep risk averse mode on concerns over US-China relations. . It's not getting more unlikely that the phase one trade deal would be agreed in time to avert tariff escalation on December 15. Political tensions also...
US stocks futures and Dollar tumble broadly today after US President Trump indicated that he has no deadline for China trade deal, and could even wait until after 2020 election to make it. If the phase one deal is...
Despite the dovish surprise in October, we expect BOC to leave the policy rate unchanged at 1.75% this week. Economic data released during the inter-meeting period stayed firm, allowing the central bank to take more time to monitor the...
As widely anticipated, RBA left the cash rate unchanged at 0.75% in December. The central bank was cautiously optimistic about domestic economic development. While seeing turning points on the economic in general and the housing market in particular, the...
The US markets were sold off deeply overnight after after poor ISM manufacturing data and renewed tariff threats. Dollar also suffered deep selling pressure, together with Canadian. Though, there was no clear fund flows into the Japanese Yen, as...
As suggested in the CFTC Commitments of Traders report in the week ended November 26. NET LENGTH in USD Index slipped -487 contracts to 24 138. Speculative long positions fell -2 276 contracts and short positions dropped -1 789...
According to the CFTC Commitments of Traders report for the week ended November 26, NET LENGTH for crude oil futures soared +40 961 contracts to 470 936 for the week. Speculative long positions rose 12 317 contracts while shorts...
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