Daily Look

Monday turned out to be something of a roller-coaster for FX, but not wholly unexpected given the interplay of month and quarter end flows. The result was a weaker dollar …

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We enter the last trading day of the quarter and also half year end.  This creates some risk of greater volatility as bigger players square positions into month end and …

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The yen has strengthened overnight to push to 5 week lows on USDJPY. Inflation data was broadly in line, with prices rising 3.7% on an annual basis. Recall that this …

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The main focus on Tuesday was the turn-around in sterling which moved back below the 1.70 level on cable as the market reflected the mixed messages coming out of the …

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The overnight price action has been positive in terms of risk assets in general. Oil has retreated a touch on the back of events in Iraq, as the army holds …

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We start what is the last full trading week of the first half of 2014. This was the year that was meant to be the dollar’s, as the Fed started …

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Once again, the standout during yesterday’s trading session was sterling, where further pace was gathered on the recent up-move allowing cable to break above the high seen in 2009 at …

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The Fed Chair was keen not to cause any upset in markets last night, in contrast to March when her press conference pronouncements added around 1% to the dollar. This …

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Despite the downward revisions to growth seen for the first quarter, the Fed is unlikely to waver from its course of tapering by USD 10 bln per meeting when the …

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Guarded sentiment prevailed throughout the majority of yesterday’s trading session, with key macro-event risks keeping participants from adding too much exposure to high-yielding asset classes.  The S&P flipped-flopped between positive and negative values …

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