Australian Outlook Articles

January 23rd, 2017 - Trump’s Border Tax is Good for the Dollar But… Daily FX Market Roundup 01.23.17 The Trump rally is disappearing. Since the beginning of the year the U.S. dollar index is down close to 3% and while the S&P 500 is still up for the year, the Dow is turning negative. Additionally, ten year Treasury yields have fallen sharply, dropping as much as 8bp at the s...

January 20th, 2017 - Trump is President and for Dollar Every Day Matters Daily FX Market Roundup 01.19.17 Donald Trump is now officially the President of the United States, the most powerful country in the world and from here on forward for the next 100 days, every day matters. Investors will be watching Trump’s initial executive actions closely. His inauguration speech was fo...

January 19th, 2017 - Traders Dump Dollars Ahead of Trump Inauguration Daily FX Market Roundup 01.19.17 With less than 24 hours to go before Donald Trump becomes the President of the United States, investors are dumping dollars ahead of the inauguration as they worry about the new President’s trade and currency policies. In the past week we’ve heard from a senior Trump advisor...

January 19th, 2017 - Market Drivers January 19, 2017 AU Labor data in line All eyes on ECB Nikkei 1.10% Dax -0.10% Oil $51/bbl Gold $1204/oz. Europe and Asia: AUD AU Employment 13.5K vs. 10K EUR EU CA 36B vs. 29B North America: EUR ECB Rate 7:45 EUR ECB Presser 8:30 USD Housing Start/Building Permits 8:30 USD Philly Fed 8:30 USD Weekly jobless claims 8:30 The dollar r...

January 18th, 2017 - Have We Seen the Bottom in the Dollar? Daily FX Market Roundup 01.18.17 The U.S. dollar traded sharply higher against all of the major currencies today as the fundamentals we have been highlighting returned as drivers for the currency. On Tuesday when the greenback tanked for the seventh day in a row versus the Japanese Yen we said hawkish Fed speak and stronge...

January 17th, 2017 - Here’s Why GBP Soared on May’s Hard Exit Plans Daily FX Market Roundup 01.17.17 Who would have thought that Prime Minister May’s plans for a hard exit from the European Union would trigger the strongest one day rally for the sterling versus the U.S. dollar since 2008? A lot was said in this morning’s speech but at the end of the day, there were 4 mai...

January 13th, 2017 - Will Dollar Stabilize Ahead of Trump Inauguration? Daily FX Market Roundup 01.13.17 The first two weeks of the year has been marked by profit taking in the U.S. dollar, U.S. stocks and short Treasury trades. Investors unwound their Trump trades after enjoying strong gains at the end of 2016. Donald Trump had the opportunity to revive the rally in stocks and ...

January 12th, 2017 - Dollar Extends Losses as Trump Trade Unwinds Daily FX Market Roundup 01.12.17 The U.S. dollar extended its losses today as investors continued to unwind their Trump trades. With just over a week until his inauguration they hoped that Donald Trump would spend some time outlining the scope of his infrastructure plans. Unfortunately the President-elect failed to...

January 10th, 2017 - Dollar Marks Time Before Trump Daily FX Market Roundup 01.10.17 The U.S. dollar traded heavy throughout the North American session even as it only ended the day lower versus the Japanese Yen and Australian dollar. With no U.S. economic reports released today, the back and forth in U.S. rates prevented any meaningful moves in the currency as the greenback rec...

January 10th, 2017 - Market Drivers January 10, 2017 Dollar sell off hard in Asia AU Retail Sales miss Nikkei -0.79% Dax -.20% Oil $52/bbl Gold $1184/oz. Europe and Asia: AUD AU Retail Sales 0.2% vs. 0.4% CNY CPI 2.2% vs. 2.3% North America: CAD Housing Starts 8:30 Dollar came under very heavy selling pressure in early morning Asia trade with USD/JPY dropping to within 20...

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