Fundamental Analysis

Aussie Tanks vs Greenback (AUD/USD) after China’s Horrendous Industrial and Retail Sales Data

Aussie Tanks vs Greenback (AUD/USD) after China’s Horrendous Industrial and Retail Sales Data

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Since the beginning of the year, the Australian dollar has dropped sharply against the greenback, predominantly on the stronger dollar move. The US currency was stronger earlier in the year on the expectations the US economy was strong, and the Fed was poised to accelerate the pace of rate increases. The last half of the…
Australia & New Zealand Weekly: What Might Our Economic Forecasts Mean for Investors?

Australia & New Zealand Weekly: What Might Our Economic Forecasts Mean for Investors?

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Week beginning 17 December 2018 What might our economic forecasts mean for investors? Australia: Federal Budget mid-year update, RBA minutes, employment, Westpac-MI Leading Index. NZ: GDP, Westpac-MM consumer confidence, business confidence, current account. Europe: consumer confidence. US: FOMC policy decision, GDP 3rd estimate, durable goods orders. Central banks: BOE policy decision, BOJ policy decision. Key…
Week Ahead – Fed Decides as Pressure Grows to Pause Rate Hikes; BoE and BoJ Meet Too

Week Ahead – Fed Decides as Pressure Grows to Pause Rate Hikes; BoE and BoJ Meet Too

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The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines…
China Weekly Letter: Improvement in Trade War, Deterioration in Tech War

China Weekly Letter: Improvement in Trade War, Deterioration in Tech War

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Positive signals on the trade front despite tensions in other areas The ‘tech war’ moved to the next level – US tech could be caught in the crossfire More signs of economic weakening – it gets worse before it gets better Both sides keen on making a trade deal While the US-China ‘tech war’ has…
Weekly Focus: A Hike for Christmas

Weekly Focus: A Hike for Christmas

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This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness…
USD/CAD – Canadian Dollar Edges Lower, US Retail Sales Expected To Slip

USD/CAD – Canadian Dollar Edges Lower, US Retail Sales Expected To Slip

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The Canadian dollar has ticked lower in the Friday session. Currently, USD/CAD is trading at 1.3389, up 0.24% on the day. On the release front, there are no Canadian events. In the U.S, the spotlight is on consumer spending. Retail sales and core retail sales are expected to drop sharply, with forecasts of 0.2% and…
DAX Under Pressure Ss German, Eurozone Manufacturing PMIs Dip

DAX Under Pressure Ss German, Eurozone Manufacturing PMIs Dip

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The DAX index has lost ground in the Friday session, following the downward trend seen on Thursday. Currently, the index is at 10,793, down 0.15% on the day. In economic news, German and eurozone PMIs lost ground in November, pointing to weaker activity in the services and manufacturing sectors. Germany continues to produce weak economic…
Risk-Off Sentiment Is Back

Risk-Off Sentiment Is Back

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AUD and NZD tumble as Chinese data miss The Australian and New Zealand dollar plunged on heavy selling pressures amid disappointing economic data from China. The Aussie fell almost 1% to 0.7160 against the greenback, the lowest level since early November, while the Kiwie gave up more 1.10% as it reached $0.6780. Overall, investors fled…
Safe Haven Flows Dominate Following Disappoint Chinese And European data

Safe Haven Flows Dominate Following Disappoint Chinese And European data

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Notes/Observations China and European data sparks concerns of a global economic slowdown; safe haven flows dominate Major European PMI data disappoints (Misses: Euro Zone, Germany, France (France moved into contraction); market expectations of a delayed ECB rate hike starting to formulate China removes auto retaliatory tariffs for 3 months; effective Jan 1st; Move to implement…
Euro Slips As German, Eurozone PMIs Edge Lower

Euro Slips As German, Eurozone PMIs Edge Lower

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EUR/USD has posted considerable losses in the Friday session. Currently, the pair is trading at 1.1298, down 0.53% on the day. There was disappointment as German and eurozone PMIs lost ground in November, pointing to weaker activity in the services and manufacturing sectors. In the U.S, the focus is on consumer spending. Retail sales and…