Meandering Trading, Oil Prices Deflate
Meandering Trading Markets are mixed with clear drivers lacking. S&P 500 rebounded marginally on positive trade news. Yet Asian trading has been more tentative. Thursday Chinas top diplomat stated that China was willing to purchase additional US products and trade...
Market Brief: A Trade Headline a Day Keeps the Bears Away
At 13:00 BST, the NZD was the strongest and GBP among the weakest, while stocks were sharply higher in Europe, led by the FTSE 100. The Dollar Index edged further higher after posting a bullish pattern the day before as...
US Open – Trade Optimism, Impeachment Analysis, Fed’s Evans, Oil Sinks, Gold Steadies
US stocks are attempting to open higher on trade optimism and after most impeachment analysis sees equities possibly soaring higher, like President Clinton’s rally in 1999. Impeachment proceedings are the markets new Brexit, with President Trump leaving office being similar...
Asia Morning: Chicken Kiev For The Soul
The much anticipated ‘transcript’ of President Trump’s phone call with Ukrainian President Zelensky was released overnight. Having read it, there was an element of Biden-bashing going on, no doubt, and an offer to get in touch with the U.S. Attorney...
Is It Time to Start Watching USD/CNH Again?
With traders’ attention jumping from the ECB’s “QE Infinity”, to the seizing up of the repo markets, to the Federal Reserve’s “hawkish cut”, to Parliament’s resumption, to fears about impeachment (and that’s just over the last two weeks!), developments on...
Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride
FX Brief: RBNZ held rates as expected, although scope for further fiscal and monetary stimulus remains “if needed”. Data since their August MPS (Monetary Policy Statement) didn’t warrant a significant change to their outlook and RBNZ are “pleased” with their...
EUR/USD: New 2019 Low Likely Despite Disappointing US Data
The EUR/USD has been limping since it made a post-ECB high of 1.1110 nearly two weeks ago. After rallying on the back of ECB’s expected decision to re-introduce QE and cut rates to negative, rates have struggled to show any...
The World Now Needs Weakening Dollar
Markets are in a state of precarious balance between good and bad news. China and the US continue to argue that they are moving forward in trade negotiations, which supports a mostly positive tone of Asian bourses. Besides, the markets...
EU Data Rings More Alarm Bells for Global Economy While Thomas Cook, WeWork and Netflix Remain in Headlines
Major European indices trending lower on the back of weak economic data out of Europe 178-year old travel company Thomas Cook collapses WeWork IPO shelved Netflix stock continues its decline since July Volatile week ahead for Oil as geopolitical tensions...
Stocks: Investors Weigh German Recession Odds Against Central Bank Support
Recession fears are back in town following this morning’s publication of very poor manufacturing data from the Eurozone’s largest economy. Dr Copper was not happy; stocks and EUR/USD dropped, and haven flows into bonds caused yields to weaken, which in...
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