S&P 500 Probing 4-Month High Above 2800 On US-China Trade Optimism
After two weeks of constructive trade talks on both sides of the Pacific, we suggested that traders were “expecting the increase in tariffs will be delayed…with some sort of agreement following in either late March or early April.” On Sunday...
Markets Consolidate As Trump Tweets Oil
Markets consolidate as Trump tweets oil The collective sigh of relief as president Trump extended the China tariff deadline was palpable in markets overnight, nowhere more so than China itself, where the Shanghai rose 5.6% and the CSI 300 jumped...
Stocks making the biggest moves after hours: Etsy, Hertz, Shake Shack and more
Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of...
Janet Yellen says Trump has a ‘lack of understanding’ of Fed policies and the economy
Former Federal Reserve Chair Janet Yellen has taken plenty of hits from President Donald Trump. Now she’s delivering a few of her own. In a radio interview Monday,the ex-central bank chief questioned Trump’s comprehension of monetary policy as well as...
Trump Tariff Delay Keeps Risk Party Going Strong
USD – Risk-on as Trump delays tariff increase STOCKS – Rally keeps going GOLD – Holding up nicely despite all the positive trade news OIL – Trump perfectly timed his tweet Bitcoin – Textbook Short-Covering Mov USD Safe-haven currencies are...
CAD Under Attack as Oil Tumbles after Trump Tells OPEC to Relax
Oil have fallen by more than -2% so far today, reversing earlier gains after U.S President Trump told OPEC producers to “relax” as prices were too high. Brent crude oil futures are down -$1.43 at +$65.69 a barrel, having earlier...
EURNZD Opens With Negative Gap; Remains in Downward Sloping Channel
EURNZD opened with a negative gap today continuing the negative movement that started yesterday, following the bounce off the 40-day simple moving average (SMA). Also, the price has been developing within a descending channel over the last couple of months,...
WTI OIL Outlook: US Oil Fell Nearly $2 after Trump Criticized OPEC for Too High Oil Prices
WTI oil price fell nearly $2 on Monday after US President Trump said that oil prices are too high and called OPEC to relax and keep prices steady. WTI contract dipped from $57.48 to the session low at $55.69 after...
Trump Knocks Down Oil Price after Shooting Up Chinese Stocks
Trump is the biggest market mover in an otherwise rather listless day. Chinese stocks surged 5.6% on news that trade truce deadline on March 1 is postponed. He’s now planning a summit in Mar-a-Lago to seal the trade deal with...
The flies in the ointment in Singapore bank results
The full-year results of the three Singaporean banks tell us plenty about the challenges that are facing institutions in the shadow of the US-China trade war. Singapore was always likely to be a bellwether for the impact of issues in...
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