Sterling The Worst Performer, Aussie Weaker Ahead Of RBA Decision
Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength against a basket of six major currencies, was trading higher by around 0.25%, with euro/dollar being down by 0.20% and trading around the...
‘Respect’ the bond market and what it’s trying to tell us, Fed’s Bullard warns
Federal Reserve member James Bullard told CNBC that changes in the bond market are the main focus point for investors at the moment. In particular, Bullard mentioned that investors are carefully tracking the yield curve to check whether a potential...
Trade Conflict Between The US And China Is Again In The Spotlight
On Friday, economic reports on the US labor market were published. Thus, the number of people employed in the nonfarm sector slowed down to 157K in July, while experts expected 193K. At the same time, the value was revised upwards...
The Japanese Yen Loses Its Safe-Haven Status As China-US Trade Conflict Intensifies
The dollar adds at the start of a new week, despite the weak employment growth in July report. The EURUSD pair is trading near the 6-weeks lows at 1.1550. Despite a poor number of jobs created, market participants felt that...
Germany’s huge trade surpluses are a burden on its EU partners
While few European states can pretend to share Germany’s distinction of being a “country of poets and thinkers,” none can rival German abilities to extract so much wealth from the rest of the European Union. Last year, Germany posted a...
‘They’re protectionist’: Fed’s James Bullard says other countries won’t wipe out tariffs with the US
Countries espousing free trade in response to U.S. trade war threats should just drop all their own tariffs to zero — but they won’t, St. Louis Federal Reserve Bank President James Bullard told CNBC on Monday. “The positioning here is...
Fed member James Bullard challenges the idea that recession is inevitable
Federal Reserve member James Bullard told CNBC that traders should not be waiting for an “inevitable recession” and spoke of a solid outlook for the U.S. economy. “We should always plan for the worse and hope for the best. I...
Dollar Gains Broadly, as the Impact of Chinese Yuan Intervention Fades Quickly
Dollar gains broadly in a rather quiet start to the week. Asian stocks are given a lift by China’s move to stabilize the Yuan. But the impact quickly fades. At the time of writing, Nikkei is nearly flat after initial...
Europe’s largest bank tops expectations with rebounding profit
HSBC, Europe’s largest bank, made a comeback by beating estimates in its financial results for the first half of 2018 — following a surprise fall in profits in the first quarter. The bank said on Monday that reported profit before...
Wall Street angst is overdone but keep your ‘seat belt fastened’, a top market watcher says
It may get messy, but PNC Financial’s Jeffrey Mills believes the market is in a “pretty decent spot.” According to the firm’s co-chief investment strategist, Wall Street angst over geopolitical headwinds is essentially overdone, and strong earnings will ultimately dominate....
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