Sunday, December 8, 2019
FX markets were looking for the monthly US inflation report to provide fresh support for higher US interest rates.  What they got was another piece of major data that was “inconclusive.”  March CPI fell 0.1% instead of being flat...
US dollar bears chased US dollar bulls into the slaughterhouse today. Risk sentiment ticked higher in European, then accelerated in North America after China President Xi Jinping choice not to escalate the tariff war with the USA and suggested...
The US dollar extended Friday’s losses in a commodity currency bloc led sell-off.  The perception that US/China trade war fears are more talk, less action got more credence when Larry Kudlow told CNBC; “hopefully it will be mostly negotiations.  ...
The US dollar was on the defensive as last week ended.  A weaker than expected US employment report and the threat of more tariffs against China spooked traders. Friday started with traders on edge after President Trump threatened new tariffs...
The US dollar was in demand for most of the New York session as traders looked past trade war fears and keyed in on the upcoming US employment report.  Trade war rhetoric has been dialled back after yesterday’s comments...
Risk Aversion Rejection lifts USDJPY USDJPY was in demand to start the New York session, and it never looked back.  Prices climbed 0.62%, rising from 106.00 to 106.81 by the end of the day, spurred by a shift in risk...
The US dollar was bid at the New York open finally coming to life after a dull European session. Sterling’s initial boost from a modestly better than expected UK Manufacturing PMI quickly faded, and GBPUSD was sliding when New York...
The first quarter of 2018 ended on a sour note and the second quarter started out the same way.  There was a lot to be sour about.  China responded to the American tariffs leading to fears of escalation.  President...
Sterling suffered downward pressure on Tuesday as the latest monthly report from the British Retail Consortium showed non-food sales slumping in October to the lowest levels in 5 years. Total sales crept up 0.2% from a year earlier, like-for-like...

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