Economist tells newspaper he was forced out from Chinese bank because he’s a Hong Konger
Buildings along Victoria Harbor at night in Hong Kong, on April 29, 2019. Justin Chin | Bloomberg | Getty Images Law Ka-chung stepped down as chief economist at the Hong Kong unit of a Chinese state-owned bank and has alleged...
RBA Left Cash Rate Unchanged but Hinted To Ease Further
As widely anticipated, RBA left the cash rate unchanged at 0.75% in December. The central bank was cautiously optimistic about domestic economic development. While seeing turning points on the economic in general and the housing market in particular, the members...
Dollar Tumbles on Poor Data and Tariff Threats, Risking More Downside
The US markets were sold off deeply overnight after after poor ISM manufacturing data and renewed tariff threats. Dollar also suffered deep selling pressure, together with Canadian. Though, there was no clear fund flows into the Japanese Yen, as risk...
GBP/USD Holding Key Support, Likely To Rise Further
Key Highlights GBP/USD remained well supported above the 1.2880 area. A major bullish trend line is forming with support near 1.2875 on the 4-hours chart. The UK Manufacturing PMI increased from 48.3 to 48.9 in Nov 2019. The UK Construction...
Jack Dorsey’s planned move to Africa divides Square and Twitter investors
Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during an interview in New York, U.S., on Monday, May 1, 2017. Michael Nagle | Bloomberg | Getty Images Jack Dorsey’s stated plan to move to Africa for up...
RBA Meeting and GDP Data Up Next, as Aussie Licks its Wounds
The Reserve Bank of Australia (RBA) will complete its latest meeting at 03:30 GMT on Tuesday, and markets expect no action this time. The aussie’s reaction will therefore depend on the signals for future rate cuts. Judging by the deterioration...
EUR/USD Slowly Growing
Early in December, the major currency pair is trading calmly – everything is getting back to normal after a pause on the occasion of Thanksgiving Day in the USA. On Monday, December 2nd, EUR/USD is mainly trading around 1.1020. Investors...
Dollar Tumbles after Trump Restore Steel Tariffs on Brazil and Argentina
Market sentiments are generally weighed down by renewed trade concerns after US President Donald Trump’s decision to restore steel and aluminum tariffs on Brazil and Argentina. Additionally, China formally started some form of retaliation against US on its support on...
GBPAUD Hits Fresh 3 ½-Year High; May Flatten in Short-Term
GBPAUD stretched to a fresh 3 ½-year high of 1.9150 on Friday ahead of the Reserve Bank of Australia policy meeting early on Tuesday. The bullish action could take a breather in the short-term according to the RSI which is...
Small business confidence rebounds on optimism about US-China trade deal
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces an initial trade deal with China at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP...
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