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  • Article / 19 minutes ago

    Morning Report APAC: US ISM pushes rates lower; USDBRL and USDMYR rise

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: US ISM pushes rates lower; USDBRL and USDMYR rise
    The lower than expected ISM Manufacturing figure pushed 10 year bond rates lower. In commodities, the drop in crude oil prices has impacted the commodity currencies. Meanwhile the same currencies continue to suffer in emerging markets.

    US ISM lower than expected push US rates lower, USDBRL continues to move up as well as USDMYR with bank Negara NOT seen selling usd
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  • Squawk / Yesterday at 14:09 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    ISM manufacturing retraces from 5-month high:

    Manufacturing continued to expand in the US last month, but it did so at a slightly slower pace than in May and June with the headline index at 52.7 vs. 53.5 a month earlier (and 52.8 in May). Consensus had expected an unchanged reading of 53.5.

    The July ISM manufacturing report is a mixed bag with new orders among the highlights. The forward-looking component rose to 56.5 from 56, a six-month high, and the production index also gained to 56 from 54. Employment, on the other hand, dropped to 52.7 from 55.5.

    The employment component is interesting considering that the US employment report will be released on Friday. Consensus currently looks for an increase of 225,000 in July following a gain of 223,000 in June.
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  • Article / Yesterday at 12:00 GMT

    Moving average blips in S&P 500 don't signal doom

    Managing Partner / Spotlight Group
    United Kingdom
    Moving average blips in S&P 500 don't signal doom
    With more and more market participants availing of the 200-day moving average as a technical tool, Stephen Pope wonders whether it's as useful as it once was? But while the S&P 200dma has slipped beneath the spot several times recently, it would be premature to call a bear market. Late Q3 usually sees a selloff and Stephen see this as a chance to buy.
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    8h
    vanita vanita
    Sir Stephen,
    I am still holding dax @11672.
    So please advice your valuable view on Dax.
    I should hold it or if sell than on which levels.
    Regards,
    Vanita.
    8h
    Stephen Pope Stephen Pope
    I am looking a push higher and I have Fibonacci targets set at 11549 and 11707
  • 12h
    Martin O'Rourke Martin O'Rourke
    Brent and WTI continue to plummet. At 1307 GMT, the two benchmarks were at $50.88/b and $46.36/b respectively. Year lows are now most definitely on the horizon....