TAG Central Bank Watch

Trader fatigue sets in but the the Sun always shines on TV

The stabilisation in equities on Friday helped calm FX carry as headlines around Brexit, and the Italian budget were more positive heading into the weekend. Newswires have been very friendly into the weekend. Bloomberg reported that Italy’s government might cut its 2019 deficit target to 2.15%. Remember, Italy PM Conte has said the government would…

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US Growth in Q3 to Guide Dollar

The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the week after softer than expected…

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Asia Market update : China data

TGIF China GDP The markets continue to shudder as political turbulence ferments, key tier one China data was just released which will offer little solace to risk sentiment as the GDP is 0.1% lower than what was expected by markets. Well, it doesn’t come as much of a surprise Chinas economy is losing steam, but…

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Dollar Higher Amid Uncertainty and Fed Comments

The US dollar is higher against most major pairs on Thursday. The greenback is only down against the Japanese Yen which rose 0.42 percent. Geopolitics and a strong dollar combined to keep stock markets under pressure. The investigation on the disappearance of journalist Jamal Khashoggi, US-China concerns, Brexit, Italian budget comments and the aftermath of…

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The Yuan trades at weakest level since Jan 9 2017

Hours after the Treasury Department stopped short of declaring China a currency manipulator, the yuan broke past this year’s low to its weakest level since January 2017. While the outcome of the report wasn’t a surprise, the currency had traded in a tight range near the mid-August low in the days leading up to its…

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Asia market update: a busy session is unfolding

The Yuan USD bullish sentiment post FOMC minutes outweighs Treasury to report the CNH playbook remains intact and should not provide any is a significant short-term relief for local EM currencies. High US bond yields and a rebounding US dollar continue to pose substantial headwinds. The Yuan fix came in at 6.9275 vs 6.9235 but…

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Risk Aversion Lingers

Risk Aversion Lingers It was a shaky day for US equities, but the broader indexes did manage to claw back from the depths of despair but still ended the day slightly lower only 24 hours after the most substantial gains in 6 months and reminding us just how fragile investor confidence is. Risk aversion continues…

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Fed minutes eyed as markets recover

Fed minutes in focus as markets rebound following sell-off US futures are trading slightly in the red on Wednesday, paring gains from the previous day as risk appetite continues to improve. A decent rebound in the US on Tuesday on the back of strong earnings numbers has gone some way to allaying fears about last…

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Dollar Lower After Retail Sales Awaits FOMC Minutes OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week…

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