Markets in Risk Aversion on US-China Tensions, Yen Jumps Broadly
Markets turn into deep risk averse mode on concerns over US-China relations. . It’s not getting more unlikely that the phase one trade deal would be agreed in time to avert tariff escalation on December 15. Political tensions also intensified...
AUD/USD Showing Signs Of Further Upside
Key Highlights AUD/USD started a strong recovery from the 0.6754 low. There was a break above a crucial bearish trend line at 0.6775 on the 4-hours chart. The US ISM Manufacturing Index declined from 48.3 to 48.1 in Nov 2019....
Barbs Fly At North Atlantic Tariff Organisation
President Trump’s comments that a trade deal may not happen until after the 2020 election sent stock markets into a tailspin overnight, and are spilling over into the Asia Pacific this morning. One thing that isn’t clear to me, though...
Stocks making the biggest moves after hours: Alphabet, Salesforce.com, Workday & more
Larry Page, co-founder and chief executive officer at Google Inc. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Google’s parent-company Alphabet edged nearly 1% higher after the company announced...
December Flashlight for the FOMC Blackout Period
Executive Summary Regardless of one’s position on the necessity of three consecutive rate cuts this year, the way the FOMC’s hand was played looks reasonably favorable with the benefit of hindsight. The recession warning from an inverted yield curve has...
USDCHF Breaks Uptrend Line, But Negative Bias Not Confirmed Yet
USDCHF penetrated below a medium-term uptrend line drawn from the August lows, with the bears picking up significant momentum. However, the price structure on the daily charts still appears neutral, with trading action taking place between 1.0000 and 0.9840 in...
Stocks and Dollar Plummet as Trump Say China Trade Deal May Drag On
US stocks futures and Dollar tumble broadly today after US President Trump indicated that he has no deadline for China trade deal, and could even wait until after 2020 election to make it. If the phase one deal is dragged...
BOC to Stand on the Sideline in December, while Noting Possible Rate Cut
Despite the dovish surprise in October, we expect BOC to leave the policy rate unchanged at 1.75% this week. Economic data released during the inter-meeting period stayed firm, allowing the central bank to take more time to monitor the situation....
XAU/USD Reached 1,470.00
On Monday, the XAU/USD exchange rate tried to tested the Fibo 23.60% at 1,462.89. During today’s morning, the rate jumped to the 1,470.00 level. On the one hand, yellow metal could continue to appreciate against the US Dollar within the...
Dollar Sinks On Trump Tariffs And Poor ISM PMI
Trump expands trade war by imposing tariffs on South American metal imports Renewed trade frictions and unexpectedly weak ISM manufacturing PMI dampen sentiment Stocks turn negative; dollar plunge lifts euro Aussie jumps as RBA remains in wait-and-see mode; kiwi rallies...
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