by Christopher Nye | Jan 2, 2019
Most houses produce outlooks for the year around this time and it’s starkly obvious this year the consistency of the call for a lower dollar. They may or may not be right at some stage; often the first move in January is the wrong one. Friday sees the release of...
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by Christopher Nye | Jan 2, 2019
European PMIs throughout the week are likely to show an economy starting to struggle. The euro has been quite range-bound for a while now, and the weaker data is likely to keep the topside boundary intact in the short term. We think it will have to be USD weakness...
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by Christopher Nye | Jan 2, 2019
Many pundits are calling the US dollar lower this year (maybe too many – when everyone is calling it the same way often it becomes a risk in itself) and with FTSE having fallen so hard this morning sterling should have had every opportunity to rally. Tough going...
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by Christopher Nye | Jan 2, 2019
Chinese Manufacturing PMI data slipped below 50 and back into contraction for the first time in over two years and sent equities into a tailspin on the first day of the New Year. This continued the volatility that had been a feature of December. There was also some...
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by Christopher Nye | Dec 31, 2018
We’ve got PMIs across the whole region and the main focus will be on how far they have slipped and whether the majority of them dip below 50. The Italians have managed to get their budget passed, and with more and more people thinking the dollar might have peaked,...
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