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• Market wobbles. Inflation concerns & rising bond yields dampen sentiment. USD firmer. AUD & NZD underperform. AUD now ~2.2% from recent high.• Data flow. UK CPI inflation out today. FOMC minutes due tomorrow. Australian labour report also out on Thursday. Will holiday timing impact the jobs data?
Global Trends
After a brief respite there was another bout of ‘risk-off’ sentiment across...
• Inflation worries. Higher oil prices & central bank rethink push up bond yields. Equities dipped on Friday. USD firmer. AUD & NZD fall back.• Macro pulse. Concerns about the global economy & inflation remain. China data due today. Monthly Australian jobs report released later this week.
Global Trends
A few wobbles across cyclical assets at the end of last week with European and US...
• US data. Solid US retail sales underpinned sentiment. Upshift in US interest rate expectations & weaker GBP boosted the USD. AUD slipped back.• Macro pulse. Markets toying with the idea the US Fed may hike interest rates. More US/Iran related volatility possible. China data batch due Monday.
Global Trends
A mixed performance across asset classes overnight, though there was a hint of US outperformance...
It has become a cliché to say that America and China operate on entirely different historical timescales—but sometimes clichés contain a grain of truth. As Donald Trump meets Xi Jinping this week, talk has turned to the possibility of a currency accord, akin to the Plaza Agreement of the 1980s, in which China agrees to let the renminbi appreciate. Anyone expecting an immediate breakthrough would do...
Good morning. Price action in currency markets is slowing to a crawl and the dollar is consolidating yesterday’s gains as traders keep their powder dry amid a lack of clear directional catalysts. Brent crude futures are holding near $106 a barrel and West Texas Intermediate is flirting with $102 after India said one of its vessels had come under attack off the coast of Oman and multiple sources reported...
Good morning. Oil prices are holding yesterday’s gains and the dollar is advancing on reports suggesting that the Trump administration is considering rebranding* its war with Iran as “Operation Sledgehammer” should Tehran reject US demands and the current ceasefire collapse. According to multiple sources, President Trump is weighing a resumption of major combat operations after declaring an end...