PMI Surprise Not Enough To Support CNY
Markets sentiment improves following the release of upbeat PMI releases in China for November, in line with positive developments globally that flashed earlier globally. Commodity currencies are on the rise, with the kiwi leading the way resulting from the announcement...
Week Ahead: OPEC, NFP and Manufacturing PMIs
There is no doubt that the ongoing US-China trade situation will remain the main focal point next week as investors are becoming worried that China may retaliate after US President Donald Trump signed into law a bill backing Hong Kong’s...
The Weekly Bottom Line: Something To Be Thankful For
U.S. Highlights A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders were a bright...
BoC’s 2019 Holdout Will be Cemented Next Week
Markets will continue to weigh the odds of a “phase one” US-China trade deal next week, with optimism earlier this week (fuelled by yet more reports of progress in trade talks) fading after President Trump signed the Hong Kong human...
Market Awaits China Retaliation on Trade
Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China bowing retaliation. The prolonged...
Australian Q3 GDP, A Preview
Growth lopsided – private demand weakness Real GDP: f/c 0.6%qtr, 1.8%yr Domestic demand: f/c 0.2%qtr, 0.8%yr The Australian National Accounts, to be released on Wednesday December 4, will provide an estimate of economic activity for the September quarter, including any...
Week Ahead – US Jobs Report Could Further Bolster Dollar; RBA and BoC Meetings Eyed
Central bank meetings and the US jobs report will kick off the final month of 2019 next week, energising the markets as many traders return from the Thanksgiving break in the United States. The nonfarm payrolls report will of course...
Investors Expect Counter Measures From China
The US dollar is being traded without significant changes against a basket of currencies. Yesterday, the dollar index (#DX) closed in the green zone (+0.01%). Relations between China and the US are still in the spotlight after D. Trump signed...
Market Brief: Bears Thanksgiving to Trump for a change
Market update at 13:30 GMT: The AUD and GBP were the weakest while EUR was the strongest in another lacklustre session for FX; European stocks were off their worst levels but still lower on the session. Gold and silver were...
Canadian GDP Data: Another Risk For The Loonie?
Third-quarter GDP numbers out of Canada will hit the markets on Friday at 13:30 GMT. Forecasts point to a notable slowdown, but that would still be in line with the Bank of Canada’s (BoC’s) latest forecasts. As for the loonie,...
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