Monthly Archives: July 2018

USD rose against the G10 with GBP underperforming – ANZ

By | July 17, 2018

Analysts at ANZ offered a snapshot of global markets. Key Quotes: “US equities gained overnight alongside a higher USD, while yields were little changed. Oil found some stability, and gold fell through technical support. US equities were up 0.1-0.6% with materials and consumer staples leading gains.” “Netflix opened down 15% but has rebounded 10% through… Read More »

Chair Powell’s semiannual testimony to Congress – Nomura

By | July 17, 2018

Analysts at Nomura explained that Chair Powell’s testimony to the Senate Banking Committee provided few new insights into the course of Fed policy.  Key Quotes: “Powell’s prepared remarks and Q&A indicated no material shift from the outlook the FOMC presented at the June FOMC meeting. There was one notable change in Powell’s language. In his… Read More »

Treasury International Capital Data For May

By | July 17, 2018

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2018. The next release, which will report on data for June 2018, is scheduled for August 15, 2018. The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. se… Powered by WPeMatico

What we’ve been watching in markets – TDS

By | July 17, 2018

Analysts at TD Securities explained that Powell’s testimony offered little to go by for FX markets, though broad based USD strength against the G10 was the name of the game with notable laggards that included GBP, JPY and CAD.  Key Quotes: “GBP has come under newfound pressure following the Trade Bill vote. 1.3050 offers next… Read More »

WTI extends losses below $67 in post-settlement trade after API shows surprise build in crude stocks

By | July 17, 2018

Weekly API report shows a 629,000 barrels increase in U.S. crude stocks. WTI comes under selling pressure after settling for the day at $68.08. Crude oil met a fresh selling wave in the post-settlement trading hours after the weekly data released by the American Petroleum Institute showed a surprise build in crude oil stocks in… Read More »

NZD/USD: 0.6720 is a key downside target

By | July 17, 2018

A broad rally in the USD overnight ensured that post-CPI NZD strength did not persist for long. The divergence between the RBNZ and the Fed underpins the dollar’s upside. NZD/USD fell heavily on the back of a strong dollar, dropping from a shortlived high of 0.6841 and 0.6754 traded as the low. Currently, NZD/USD is… Read More »

USD/JPY: bullish breakout aims to 113.38

By | July 17, 2018

The USD/JPY finally found some interest and broke higher, reaching a fresh high since last January at 112.90 and trading not far below the level. The greenback enjoyed from a renewed demand following Fed’s Powell positive outlook of the economy, and the confident stance on inflation before a Senate… Powered by WPeMatico