Current Articles From Around The Traps

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  • US-China Tariffs Rollback in Question, Sterling Firm on Brexit Certainty December 13, 2019
    Sterling remains undoubtedly the strongest one for today, and the week, cheering Conservative’s landslide victory in UK elections. Boris Johnson pledged that “we will get Brexit done on time by the 31st of January, no ifs, no buts, no maybes.” That’s what markets are firmly believing in now. Meanwhile, sentiments turned cautious though as US-China […]
  • Markets in Ecstasy on UK Election and US-China Trade Deal December 13, 2019
    Sterling strengthens broadly today as an important hurdle for Brexit is cleared with Conservative’s landslide victory in the UK election. Yen and Swiss Franc are broadly pressured on return of risk appetite, helped also by completion of US-China trade deal phase one. Over the week, the Pound is the strongest, followed by Australian Dollar. Yen […]
  • Euro Firm after ECB, Dollar Slightly Lower after Poor Jobless Claims December 12, 2019
    Both Euro and Swiss Franc are generally firm today after ECB and SNB rate decisions, as not much reactions are being triggered. Though, as for today, Australian Dollar is the strongest one so far. Sterling, on the other hand, pares back some of recent gains as traders lighten up position, awaiting UK election results. Dollar […]
  • Dollar Dives as Fed Might Not Hike Until after 2022, ECB and SNB Next December 12, 2019
    Dollar was sold off deeply overnight after Fed left interest rate unchanged. Most importantly, Fed chair Jerome Powell indicated that there is no need for any rate hike unless inflation materially surprises on the upside. Considering that Fed projects inflation to be around target through 2022, interest rate might just stay at current level through […]
  • Dollar Shrugs Higher Than Expected CPI, Awaits FOMC December 11, 2019
    Dollar shrugs off slightly better than expected consumer inflation data and weakens mildly in early US session. But loss is limited as focus turns to FOMC rate decision, statement and new economic projections. At this point, European majors are generally weak as markets also look forward to tomorrow’s UK elections. Latest YouGov polls suggested that […]