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22 Oct. Euro lower on report of ECB bond buying programme. Australian, US CPI’s coming up.

The Euro headed lower against the dollar today, taking most of the other majors with it following a Reuters report that suggested the ECB is ready to begin buying corporate bonds as soon as December. Stock soared on the news as risk sentiment improved, although the Yen failed to notice and still sees decent demand against the dollar and the crosses. Today's direction will be driven by inflation data, first from Australia and then later in the day from the US. Also of note, Japanese trade data is …
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21 Oct: US$ heavy ahead of China GDP, Industrial Production, Retail Sales.

General US$ weakness developed through the session and it is closing near its lows against most of the other majors. With little EU or US data due today, focus will be on the China data, headed by the GDP. Estimates are of a Q3yy 7.2-7.5% rise although some analysts suggest that the number may be below 7% which would put another dent in global growth prospects. If so, look for another sell-off in equities and commodities in particular. Elsewhere, Asia also gets the WBC Leading Index & RBA Minute …
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20 Oct: US$ gained on firm data, Friday. This week: China GDP/IP/RS, US CPI, Flash PMI’s, RBA/BOE Minutes.

It was a choppy session Friday although the US$ managed some mild gains after some solid US Consumer Confidence data. More choppy but rather directionless trade may be in store today in the absence of any major data (German PPI, Existing US Home Sales), but it will warm up as the week wears on, starting tomorrow with the […]
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17 Oct: Volatile conditions look likely to continue into the w/e. Stocks, Oil bounce well from the lows.

Another volatile session has ended with most currencies not too far removed from where they were yesterday. With only secondary data due it could end up being another choppy one today, albeit possibly without too much direction. Equities, bonds and oil all had another wild ride, with the peripheral EU Club-Med bonds in particular seeing a steep selloff, reawakening concerns of a resumption of the EU debt crisis. Volatile conditions but with little overall direction could largely cover the actio …
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16 Oct: A wild ride on global markets – with more to come – as growth concerns increase after US soft data.

A big day on all markets today, with major moves seen after the soft US Retail Sales increased concerns over the global growth outlook, potentially further delaying any rate rise from the Fed. The US$ is under considerable pressure, as are stocks and oil, which saw another steep sell-off before a late bounce. Today sees the EU CPI as well as a Mario Draghi speech, which may give the dollar a short reprieve ahead of the upcoming US data (I.P./ C.U./ Philly Fed Mfg survey ) but if that repeats the …
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15 Oct: US$ recovers after weak EU, UK data. German, China CPI ahead. US Retail Sales later.

Poor data and a lower growth outlook from Germany and the UK undermined both the Euro & Sterling today, helping the US$ to find its feet again. The Euro & Cable will be in focus again today when the German CPI & UK unemployment will be released, while Mario Draghi will also be speaking, and who is unlikely to be helpful to the Euro in reiterating his dovish outlook. Before then, China will release its CPI/PPI, while Australia gets Consumer Confidence data. US Retail Sales to be released later i …
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14 Oct: US Stocks sold heavily at the NY close, taking the US$ with it. ZEW, EU CPI’s today.

Despite the US holiday it has been a wild ride into the NY close where stocks have collapsed again causing a late session selloff in the US$, which has taken out the session highs/lows against the Euro, Yen and Chf, with stops getting triggered in very thin conditions. It looks like being volatile when Japan/US return form their […]
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13 Oct: US$ firmer again. Commodity bloc soft. Yen firm on risk aversion, led by lower equities.

The US$ found its legs again on Friday against the majors with the exception of the Yen, with the Euro again under pressure following some more dovish remarks from Mario Draghi. Oil took another battering before recovering, while equities were sold heavily, breaking important support, and look headed much lower. US/Japan holiday's today may limit the action although the US stock markets will be open. The Aud$ may see some interest from the release of the China New Loans and Trade balance, follow …
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10 Oct: US$ finds it legs again. Another rout in US equities and Oil falls heavily.

The dollar found its legs again today after some poor German data and some negative comments from Mario Draghi sent the Euro lower, taking the other majors with it. The real movers were the equities markets though, which continue trade in very volatile fashion while oil also sold off sharply. With little news due today, it may be a choppy but rather directionless end to the week, but further US$ strength/equity weakness would not surprise.
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9 Oct. US$ on the back foot after the FOMC Minutes. Australian Jobs coming up.

The dollar is weaker again today after the doveish tone from the FOMC minutes noted the Fed's concerns over the stronger dollar and the ongoing weakness in the global economy. US equity markets have quickly reversed yesterday's steep sell-off and screamed higher as the highly volatile conditions continue. Today's initial focus will be on the Australian Jobs data, which will be followed later by the ECB Monthly Report, German Trade Balance/Current Account and the BOE IR decision.
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