The 2020 Election and the Economy: Part I
The 2020 U.S. Election: A Snapshot of Where We Are Today In this report, which is Part I in a series on the U.S. presidential election and its implications for the U.S. economy, we examine some of the key facts...
USD/TRY Outlook: Lira Extends Weakness Despite Solid Turkish Data
The pair rose further on Monday and broke above 200DMA, as weakening lira failed to benefit from better than expected Turkish data, released earlier today. Fresh advance left temporary base at 5.6850 zone with return above 200DMA (5.7192) and extension...
Dollar Rises on Trade Hope, Yen Back Under Pressure
Global equities strengthen mildly today on some trade optimism. China’s announcement to tighten up intellectual property protection rules might boost the chance of finally an agreement with the US. Also, even the hawkish tabloid Global Times said they’re close to...
Stocks Higher on Promising Trade Headlines
European stock markets are posting decent gains at the start of the week as trade sensitive investors continue to react to the flurry of headlines. It seems there’s now cause for optimism again after reports that China is open to...
AUD/USD Outlook: Limited Recovery Keeps The Downside At Risk
The pair weakened towards session low after recovery attempts in Asia stalled on approach to psychological 0.6800 barrier, but near-term action remains supported by daily cloud which twisted today and ascends (cloud top lays at 0.6785). However, near-term risk remains...
Dollar and Yen Retreat as Hong Kong Stocks Lead Asia Higher
Yen and Dollar trade mildly lower in Asian session today. Hong Kong stocks lead Asian markets higher, as the landslide pro-democracy victory in Sunday’s election would give China more pressure to end the city’s unrest. Meanwhile, New Zealand and Australian...
Market Morning Briefing: Pound And Aussie Are Mixed
STOCKS Equities continue to remain mixed and seem to need some fresh trigger for a fresh rally. Dow, DAX and Nikkie have bounced but has to surpass their immediate resistances in order to gain momentum and move further higher. Shanghai...
Three Monday Talking Points: A Week For Everyone
Where are we at with US-China talks? US-China. Risk overall continues to ebb and flow on US-China trade uncertainty and looks somewhat asymmetric, tilted to the downside, based on our view that the HK Bill if passed through the House...
Recession risks are abating, top economist says
A top Wall Street economist is lowering his recession forecast. But Barclays’ Michael Gapen warns it’s too early to give the U.S. economy the all-clear. “We do need to get over some of these hurdles that are a problem for...
Absa sets sights on New York for Africa CIB drive
Absa’s new CIB representative office in New York will be open before the end of the year, according to James Gregory, chief representative for the bank in New York. This follows the opening of its London representative office in September...
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