FX Daily, August 25: Stocks Extend Gains, while Yesterday’s Dollar Recovery Stalls
2020-08-25
Soaring US stocks, optimism about a vaccine, and the affirmation of the US-China trade agreement are buoying global equities today. The MSCI Asia Pacific Index is near seven-month highs and was led today by more than 1% gains in the Nikkei and Kospi.
FX Daily, August 26: Hurricane Laura Lifts Oil Prices
2020-08-26
A consolidative tone has emerged after US equity benchmarks reached new highs yesterday. The MSCI Asia Pacific Index had reached seven-month highs on Tuesday, but Japan, China, and Australian stocks saw modest profit-taking today. European shares are recouping yesterday’s minor loss, and US shares are flat.
FX Daily, August 28: Powell and Abe Drive Markets
2020-08-28
After a confused and volatile reaction to the Federal Reserve’s formal adoption of an average inflation target, it took Asian and European traders to embrace the signal and take the dollar lower. It is falling against nearly all the currencies and has slumped to new lows for the year against sterling and the Australian dollar.
FX Daily, September 14: UK Presses Ahead, China Strikes Out at German Pork Producers, and Moody’s Weighs on Turkey
2020-09-14
A flurry of deals, including the still-evolving Oracle-TikTok tie-up, helped lift equity markets in the Asia Pacific region. South Korea’s Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third consecutive sessions. European bourses are little changed while US stocks are firmer.
FX Daily, October 07: The Day After
2020-10-07
President Trump’s tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election. Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted. Risk came off.
FX Daily, October 27: Markets Take Collective Breath and Beijing Tweaks Fixing Mechanism
2020-10-27
The surging pandemic sapped the risk-taking appetites as some investors hunker down for what could be a volatile period ahead. The S&P 500 lost nearly 3% at its lows before rebounding 1% in late dealings.
FX Daily, November 5: The Dollar Slides and the Yuan Jumps
2020-11-05
Overview: The markets did not wait for the final vote count and took stocks and bonds higher while pushing the greenback lower. While it appears Biden will be the next US President, investors seemed to like the fact that his agenda will be checked by a Senate that may remain in Republican hands. Stocks are on a tear.
FX Daily, January 11: Greenback Extends Recovery
2021-01-11
Julius Ceasar is said to have "crossed the Rubicon" on January 10, 49 BCE, taking the 13th Legion into Rome, defying orders from the Senate, and precipitating the Roman Civil Wat that marked the end of the republic and the birth of the empire.