Dollar Higher as Trade War Concerns Fuel Risk Aversion
The dollar is higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single...
Black Friday Sale for Crude ahead of Busy Next Week
This holiday shortened trading week did not put off speculators from being heavily engaged in the markets, as volatility remained elevated. It was literally a “Black Friday sale” for crude oil, which fell more than 6% at one stage with...
Chile on course for a higher credit rating
High five: Chile’s reaching new heights, even in the isolated centre of its copper-mining industry Chile’s risk score has improved this year, rising to 77.37 points out of a maximum 100, to its highest level in three years. That puts...
Trump is cheering for lower oil prices, but here’s why American drillers might be less enthusiastic
After a stunning plunge in the price of oil over the last seven weeks, President Donald Trump has rooted for oil prices to fall even further. Yet the U.S. oil and gas industry, a pillar of Trump’s political base, might...
Trump’s quest to drive down oil prices turns the screws on American drillers
President Donald Trump is rooting for oil prices to fall even further after a stunning plunge over the last seven weeks. The U.S. oil and gas industry, a pillar of Trump’s political base, is likely less enthusiastic. This year’s oil...
Bank of America sees market decline next year: ‘There is now an alternative to stocks’
There is a good chance stocks stall out next year as credit conditions tighten and earnings growth slows, according to Bank of America Merrill Lynch. “We believe the peak in equities is likely before the end of 2019,” wrote Savita...
Bitcoin tumbles again, loses a quarter of its value during Thanksgiving week
Bitcoin continued its move lower Friday, struggling to find footing after a week of pain for the world’s largest cryptocurrency. The digital asset hit a low of $4,119 Friday, according to data from CoinDesk, bringing its seven-day losses to more...
China Weekly Letter: All Eyes on the Xi-Trump Meeting
Cautious optimism ahead of the Xi-Trump meeting APEC meeting underlines long-term US-China rivalry Chinese economy gets worse before it gets better Cautious optimism ahead of the Xi-Trump meeting All eyes are on the Xi-Trump meeting at the G20 and the...
Australia & New Zealand Weekly: RBA’s Forecast for Wages Casts Doubt on Their Confidence of a Hike by End 2020
Week beginning 26 November 2018 RBA’s forecast for wages casts doubt on their confidence of a hike by end 2020. RBA: Governor Lowe and Assistant Governor Kent speak. Australia: capex survey, construction work done, private credit. NZ: RBNZ Financial Stability...
Week Ahead – Brexit and G20 Summits to Take Centre Stage; Fed also Under the Limelight
European and world leaders’ summits preceding and concluding the upcoming week will be the most closely watched events as the market tone will be tied to how much progress is made with Brexit arrangements and in easing Sino-US trade tensions....
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