The Friday Forex Takeaway – Episode 3
Key points from this week The Japanese Yen was the standout performer of the week, rising firmly against USD as heightened concerns over the health of the global economy drove steady safe-haven inflows over the week. The worst performing currency of the G10 space this week was the Swiss Franc which fell amidst a slew […]
Why Should we Expect Weak NFP Data in September?
After an unexpectedly weak rise in the number of vacancies in the United States in August, when the US economy added only 139K jobs, September is also likely to be below the trend with a forecast of only 145K, a 0.3% MoM increase in salaries and 3.7% unemployment.
Johnson Adresses Parliament WIth New Brexit Plan
Johnson Urges Unity Over New Brexit Plan Following his submission to EU leaders this week, UK PM Boris Johnson addressed parliament yesterday to lay out his amended Brexit plan. The PM urged politicians across the political divide to “come together in national interest” and back his deal so that the government can move on to […]
Trade of the Day – USDCHF
Trade of the Day – USDCHF USD: Factory orders fell 0.1% in August, while orders excluding transportation were flat. Initial jobless claims rose 4k to 219k and the Challenger job cuts fell 24.8% yoy in September. Fed rhetoric remains diverse – Evans said that he’s very concerned about inflation, hence he’s open about the next […]
Daily Market Outlook, October 4, 2019
Daily Market Outlook, October 4, 2019 Main Market Themes Stocks rebounded on refreshed Fed rate-cut hope; treasuries rallied and dollar came under pressure. US stocks recovered parts of its two-day losses overnight as investors turned hopeful that the Federal Reserve would cut rate again this year to stem an ongoing slowdown. Stocks had slipped initially […]
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