Daily Analysis

Home > Daily Analysis

CMS Daily Market Report 20 August 2018

The U.S. dollar retreated on Friday on easing of trade tensions between U.S. and China. Media reported that the Chinese and U.S. officials were planning talks to try to end their trade dispute before November. On the other hand, investors will focus on the release of the U.S. Federal Reserve’s FOMC meeting minutes on Wednesday.

2018-08-20 READ MORE

CMS Daily Market Report 17 August 2018

The U.S. dollar held its recent highs. U.S. National Economic Council Director Larry Kudlow welcomed China’s announcement of sending officials to the U.S. for trade talks in late August. On the other hand, the U.S. Treasury Secretary Steven Mnuchin said the U.S. is ready to impose more sanctions on Turkey if President Recep Tayyip Erdogan refuses to release arrested American pastor Andrew Brunson.

 

2018-08-17 READ MORE

CMS Daily Market Report 16 August 2018

On the economic data front, U.S. retail sales increased by 0.5% on month in July, in line with expectations. Industrial production rose 0.1%, compared with +0.3% expected. A surge in retail sales and rising manufacturing output suggest the U.S. economy’s strong growth in the second quarter continued into the third. Also U.S. worker productivity accelerated this spring at the best pace in more than three years, a possible sign stronger business investment is giving workers the tools they need to boost output.

2018-08-16 READ MORE

CMS Daily Market Report 15 August 2018

The U.S. dollar edged higher yesterday as emerging-markets currencies stabilized, taking a pause from the persistent anxieties about Turkey which have spread into other nations’ currencies. The dollar has risen against the euro as investors have tried to determine which parts of the global economy have the most exposure or similarity to Turkey, whose currency has been battered by investors as the country’s central bank has followed the lead of President Recep Tayyip Erdogan, opting not to slow growth by raising interest rates to try to contain inflation.

2018-08-15 READ MORE

CMS Daily Market Report 14 August 2018

The U.S. dollar was little changed on Monday. Meanwhile, the U.S. government slightly lowered its forecast for this year economic growth this year to 3.1% from 3.3% previously, citing increasing uncertainty from trade disputes. Traders are focusing on a diplomatic dispute between the U.S. and Turkey, which raised the prospect of an economic crisis in the country that could spill over into Europe and other emerging markets.

2018-08-14 READ MORE

CMS Daily Market Report 13 August 2018

According to Friday’s data  Inflation picked up modestly in July, eating up Americans’ wage gains.The consumer-price index , a broad measure of Americans’ living expenses, from groceries to dental care – rose 0.2% from a month earlier. Excluding food and energy components, so-called core prices rose 0.2% as well.

 

2018-08-13 READ MORE

CMS Daily Market Report 10 August 2018

The dollar’s persistent strength continues to shake global markets, with a range of currencies taking a hit Thursday. The geopolitical tensions that have pushed investors to invest on dollar against other currencies. More broadly, concerns over global trade have helped boost the greenback.As far as data is concerned, Yesterday, the number of Americans filing applications for new unemployment benefits fell last week, continuing to hover near historic lows.

 

2018-08-10 READ MORE

CMS Daily Market Report 09 August 2018

The U.S. dollar edged lower yesterday as investors worried about trade tensions and examined the Bank of Japan’s recent shift in interest-rate policy. US dollar declined against the Yen as investors remained uncertain whether the Bank of Japan intended to send a message that it plans to implement tighter monetary policy after years of pumping money into Japan’s economy.

2018-08-09 READ MORE

CMS Daily Market Report 08 August 2018

The trend for a rising dollar takes a pause on Tuesday, with the dollar edging lower due to say a lack of major economic data releases and as investors took profits from the currency’s recent gains. The dollar also fell versus Yen after Reuters reported that officials with the Bank of Japan had considered raising interest rates earlier in the year  and are looking for ways to step back from years of easy-money policies that helped lead to the country’s adoption of negative interest rates.

2018-08-08 READ MORE

CMS Daily Market Report 07 August 2018

The U.S. dollar rose Monday as investors bet renewed trade tensions and last week’s round of solid economic data would continue to boost the currency. Trade tensions between the U.S. and China were reignited Sunday after the Chinese government said it is prepared for a “protracted war” and is willing to endure short-term economic losses, according to an editorial published in the Global Times on Sunday.

2018-08-07 READ MORE