US Personal Income and Consumption: Can They Extend Positive Data Run?
Personal income and spending numbers will come under investors’ radar on Friday (17:00 GMT) and could upset the recent run of positive data out of the United States amid some concerns that income and consumption growth is moderating. The personal...
Riksbank Hikes Rates To End Era Of Negative Rates, Weak UK Retail Sales Data Played Down
Notes/Observations Soft UK Nov retail sales data was downplayed as it did not contain the Black Friday sales (as it did back in 2018) Sweden Central Bank hiked (as expected) to end its era of negative rates after 5 years...
Oil Market Week Ahead: New Shipping Fuel Regulations to Hit Oil Markets from January 1
Whether the slight shift in the trade balance between the US and China over the last few months represents a sustainable long-term trend remains to be seen, but what is definite is that in September, the US – for the...
OPEC Said To Be Discussing Deeper Production Cuts
Notes/Observations Continued upbeat sentiment on prospects of a phase-one trade agreement providing tailwinds for risk appetite; China noted that both sides were both keeping close contact on trade in US- China talks Unexpected fall in German Oct Factory Orders India...
Market Brief: Oil Catches Fire After Surprise Inventory Drawdown
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this...
Nonfarm Payrolls: An Asymmetric Risk for the Dollar?
The latest US employment data will hit the markets at 13:30 GMT on Friday, with forecasts pointing to yet another solid report. Markets aren’t pricing in much chance of a Fed rate cut in the coming months, so any disappointment...
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...
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...
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...
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...
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