China Weekly Letter: Phase One Deal Hinges on Tariff Cuts by the ‘Tariff Man’
US-China phase one deal challenged by Trump’s reluctance to roll back tariffs and US demand for big Chinese agricultural purchases Economic data is mixed but we still look for a moderate rebound in activity China launches new plan to boost...
The Weekly Bottom Line: Bank of Canada Still on the Sidelines
U.S. Highlights Stocks were volatile this week amid signs that U.S.-China trade talks may be stalling. Cautious optimism briefly returned on Friday on news that the Chinese president was calling for the two sides to “strengthen communication”. The housing data...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry of data may fail to generate much excitement. This could leave investors yet again exposed to...
Market Brief: GBP Hurt by Poor Services PMI
Market update: In FX, GBP and to a lesser degree EUR sold off this morning although both were off their worst lows but still down on the day following the earlier release of poor services PMI data from the UK...
Market Brief: Oil And Poloz Push USD/CAD Back Below 1.33
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...
Euro area PMIs: It’s a struggle
In the euro area, preliminary PMIs for November are due out at 09:00 GMT on Friday. The French and German numbers will be released a few minutes earlier, so any market reaction could begin with those. Forecasts point to an...
Germany’s Producer Price Index Declined More-Than-Expected In October
For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1077. On the macro front, Germany’s producer price index (PPI) fell 0.6% on an annual basis in October, more than market expectations for...
Sterling Slide Flatters Corbyn and Johnson
Thin air at highs accounts for sterling fall more than Corbyn’s debate performance Labour’s Jeremy Corbyn didn’t ‘lose’ the first big TV debate of the election campaign by a big enough margin. Hence the result pretty much qualifies as a...
Asian Equities Retreat As US-China Reconciliation Appears To Stutter
US legislation to support HK protests may complicate trade talks Pound weakens against Asian currencies after Johnson-Corbyn TV debate Gold could rise above $1500 if trade talks come unstuck Asian stocks are a sea of red, as investors grow sceptical...
Fed Minutes: Letting the Economy Run Hot?
The next market-moving release for the dollar will be on Wednesday at 19:00 GMT, when the Fed releases the minutes of its latest meeting, where rates were cut again but the central bank signaled that it will pause its easing...
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