Aussie Slips Below 70 on Trump Comments, Markets Brace for RBA Rate Cut
AUD/USD has started the week with losses, dropping below the symbolic 70 line for the first time since mid-December. In the North American session, the pair is trading at 0.6994, down 0.41% on the day. On the release front, MI...
More Oil and Gas Mergers to Come after Anadarko Deal Finalized
Latest update on OXY latest offer for Anadarko Occidental’s higher $38 billion offer for Anadarko just got a little better. Over the weekend, Occidental increased the cash part of the bid from 50% to 78%, adding they would cover the...
Blindsided Reminder To Expect The Unexpected From Trump’s Twitter Feed Wakes Up Period Of Historic Calm In Volatility
The period of historic calm across global financial markets is staring at the prospect of a rude awakening after US President Donald Trump unexpectedly raised the stakes in trade talks with China by threatening to increase tariffs even further as...
Currencies: Dollar Doesn’t Profit From Strong US Payrolls Nor From Rising Trade Tensions
Rates: US President Trump jeopardizes US-Sino trade talksUS President Trump unexpectedly upped the ante in US-Sino trade talks by threatening to raise existing tariffs and introduce new levies on Chinese imports. China considers to walk away from this week’s scheduled...
Weekly Economic and Financial Commentary: The Economy is Not in Danger of Stalling Anytime Soon
The Economy is Not in Danger of Stalling Anytime Soon Employers surpassed expectations, adding a whopping 263,000 jobs in April. The unemployment rate trended lower to 3.6%, but that was due entirely to a drop in the labor force participation...
The Weekly Bottom Line: Inflation Undershoots, Jobs Overshoot, Fed Stays Put
U.S. Highlights Apart from vehicle sales, recent data paint a positive narrative for consumer-related industries at the start of spring. Real consumer spending and pending home sales surged in March, while consumer confidence improved in April. Payrolls were up 263k...
Dollar Softens on Wage Focus; RBA and RBNZ Easing Eyed
The US dollar reversed earlier gains on a blockbuster headline employment number as market participants focused on the slightly lower than expected wage growth. The nonfarm payroll report showed April employment created 263,000 new jobs, well above all estimates. Wage...
Week Ahead: RBA, RBNZ and US CPI
The week ahead features two key interest rate decisions from the Reserve Banks of Australia and New Zealand, as well top-tier data from the Eurozone, China and the US. Speculators will be hoping that the pickup in volatility will continue...
China Weekly Letter – 75% Chance We Have a Trade Deal by the End of Next Week
If everything goes right we expect to see a trade deal by the end of next week. Economic data are still in line with a moderate recovery. USD/CNY is stable ahead of the trade war endgame, EUR/CNY is lower on...
Week Ahead – Aussie and Kiwi Braced for Dovish RBA and RBNZ Meetings; UK Q1 GDP also Eyed
Central bank policy meetings in Australia and New Zealand will be the main focus next week with investors anticipating a further dovish tilt. Out of all the central banks that have turned dovish this year, the Reserve Bank of New...
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