DAX Points Higher after Dismal Week
The DAX has posted considerable gains in the Monday session. Currently, the index is at 12,078, up 0.56% on the day. On the release front, there are no German or eurozone events. On Tuesday, Germany releases Ifo Business Climate. The...
Markets Face The End Of Mays
Markets face the end of Mays Global markets will be happy to see the back of May on several fronts as the central-bank led global recovery play ran into severe turbulence with the unexpected disintegration of the US-China trade talks....
May’s Resignation Means Brexit is Back to Square One
One word perfectly sums up the events of this week. Disappointing. For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders...
China Weekly Letter – US Pulls Out the Heavy Weapons by Targeting Huawei
The US blacklisting of Huawei is a clear escalation of the trade war; Xi-Trump meeting in June could be at risk Xi Jinping prepares people for a new ‘Long March’ and calls for self-reliance Poor US manufacturing data challenges Trump’s...
Weekly Economic and Financial Commentary: Global Economy Pauses, But Will It Refresh?
U.S. Review Housing Looking Up as Dark Trade Clouds Gather Durable goods orders slipped 2.1% during April. The grounding of the 737 MAX led to a 25.1% drop in commercial aircraft orders. However, core capex orders also fell 0.9%, a...
The Weekly Bottom Line: Trade Woes Weigh on Markets
U.S. Highlights Pessimism dominated markets this week, as negative headlines about U.S.-China trade relations continued. UK PM Theresa May announced her resignation after repeated attempts to get her negotiated Brexit deal through parliament failed. The pound fell this week as...
Week Ahead: May Quits, EU Elections and Trade Wars
This week has been a volatile one for the markets, with stocks and especially crude oil taking a nose dive after a sharp escalation in the US-China trade dispute the week before, while in the FX markets haven currencies such...
Investor Angst Boosts Safe-Haven Yen
USD/JPY is almost unchanged on Friday. In the North American session, the pair is trading at 109.60, up 0.01% on the day. On the release front, Japanese National Core CPI improved to 0.9%, matching the forecast. The All Industries Activity...
USD/CAD Canadian Dollar Falls With Lower Oil And US-China Trade Anxiety
The Canadian dollar lost 0.25 percent on Thursday. The loonie was under pressure as oil was down and it forced the currency to miss the other majors gaining on the US dollar. The greenback is on the back foot as...
US Durable Orders Eyed as Dollar Remains ‘King’
The next highlight for the dollar will be the release of US durable goods orders for April, on Friday at 12:30 GMT. Forecasts point to a soft set of data, possibly due to weakness in demand for commercial aircraft. While...
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