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Monthly Archives: September 2017

THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: UST Rout Stalls as Traders Eye Steepeners

(Bloomberg) — Treasuries stemmed overnight selling to end the day little changed, while the dollar’s three-day winning streak fell victim to month-end portfolio rebalancing and tempered optimism over President Trump’s tax reform proposals. Yen traders face a deluge of data Friday ahead of week-long holidays in South Korea and China …

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THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: Tax Plan, Jobless Claims, Blackberry

(Bloomberg) — U.S. index futures little changed ahead of jobless claims and GDP data. Earnings are expected from Blackberry, Conagra and McCormick. U.S. MARKETS: S&P 500 futures down 0.05% to 2,503.25 Brent Futures down 0.09% to $57.85/bbl Gold spot down 0.08% to $1,281.80 U.S. Dollar Index up 0.06% to 93.42 …

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MACRO VIEW COLUMNS: There’s Little Edge to Trading a Market This Quiet

(Bloomberg) — There’s an old saying that you should never short a quiet market. That’s particularly the case for longer-term investors, for whom the vicissitudes of temporary market swings are (or at least should be) easily ignored. That doesn’t mean that investors should deploy cash when trading conditions are muted, …

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THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Treasuries Slump as Trump Touts Tax Plan

(Bloomberg) — Treasuries slid as traders zeroed in on President Trump’s tax plan, which includes breaks for companies and a one-time repatriation holiday for cash stashed overseas. The dollar climbed as much as 0.7 percent on the prospect the proposed tax amnesty will fuel a surge in greenback demand. Canada’s …

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THE EUROPE FX/RATES DAYBOOK: FX/RATES DAYBOOK EUROPE: Dollar Rises Before Tax Overhaul Plan

(Bloomberg) — The dollar strengthens on a report U.S. President Donald Trump will propose to cut the corporation tax to 20 percent and cap the top individual rate at 35 percent in an announcement later Wednesday. TODAY French Consumer Confidence Italian Industrial Orders Czech Rate Decision OVERNIGHT TRADING SESSIONS U.S. …

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THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Yellen Has Something for Everyone, USD Up

(Bloomberg) — The greenback rallied to its highest in more than a month, then quickly gave a good chunk of its gains back, after Fed Chair Janet Yellen delivered something for everyone Tuesday in Cleveland. She cautioned against the Fed hiking rates too gradually, while warning that downward inflation pressures …

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THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: Yellen, Alvogen, IQiyi, Jaguar, Nike

(Bloomberg) — U.S. equity-index futures slide with Asian stocks, European shares edge higher. Fed’s Yellen is set to speak. Economic data include new home sales, consumer confidence. Scheduled earnings include Nike, Carnival, Micron. U.S. MARKETS: S&P 500 futures down 0.1% to 2,494.75 Brent Futures down 0.6% to $58.65/bbl Gold spot …

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