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US Downgrade - What to Trade Now?

US Downgrade - What to Trade Now?

Following the notable downgrade of the USA by S&P on August 5, 2011, a significant event has occurred. The previous downgrade had triggered a profound risk-off sentiment in the financial markets, gaining attention with its own dedicated Wikipedia page.
ACY Securities | Před 445 dny
US Gets Downgraded

US Gets Downgraded

Adding to the already existing pressures, as if the market needed any more, Fitch has downgraded US Government debt to AA+, from AAA.
ACY Securities | Před 445 dny
Fitch Downgrades US Foreign Currency Rating, DXY Eases

Fitch Downgrades US Foreign Currency Rating, DXY Eases

The Australian Dollar (AUD/USD) plummeted after the RBA left cash rates unchanged. The Aussie Battler fell to its sharpest daily drop in a month, closing at 0.6615 from 0.6655. Most market participants had expected the RBA to lower its cash rates by 25 basis points.
ACY Securities | Před 446 dny
RBA’s Pause Isn’t the Endgame.

RBA’s Pause Isn’t the Endgame.

The Reserve Bank of Australia held rates for a second consecutive month, but I still think there is a chance the bank will hike one last time in September on the back of an inflation surprise. We have recently made the case for the dollar to stay “trapped” in a situation where FX volatility fails to pick up.
ACY Securities | Před 446 dny
US Leads Global Manufacturing Slowdown

US Leads Global Manufacturing Slowdown

US ISM Manufacturing PMI data came in at just 46.4 for July. Only nudging up a little from a three year low. This is deep contraction territory. US manufacturing continues to languish in and below the Covid lockdown period levels.
ACY Securities | Před 446 dny
Oil price rises to its highest since April

Oil price rises to its highest since April

Asia-Pacific stocks down, led by tech. Fitch downgrades US credit. Oil prices highest since April. Fed likely keeps rates unchanged. Sparse economic calendar. BoE update and US labor data crucial. Bonds under pressure, yields rise. Sterling weakens.
Moneta Markets | Před 446 dny