Markets Consolidate As Trump Tweets Oil
Markets consolidate as Trump tweets oil The collective sigh of relief as president Trump extended the China tariff deadline was palpable in markets overnight, nowhere more so than China itself, where the Shanghai rose 5.6% and the CSI 300 jumped...
Trump Tariff Delay Keeps Risk Party Going Strong
USD – Risk-on as Trump delays tariff increase STOCKS – Rally keeps going GOLD – Holding up nicely despite all the positive trade news OIL – Trump perfectly timed his tweet Bitcoin – Textbook Short-Covering Mov USD Safe-haven currencies are...
CAD Under Attack as Oil Tumbles after Trump Tells OPEC to Relax
Oil have fallen by more than -2% so far today, reversing earlier gains after U.S President Trump told OPEC producers to “relax” as prices were too high. Brent crude oil futures are down -$1.43 at +$65.69 a barrel, having earlier...
USD Weakens As Trump Delays Tariffs
The USD weakened against a number of its counterparts yesterday, while the Aussie strengthened as US President Trump delayed additional tariffs. US President Trump stated that he will delay increasing tariffs on Chinese imports on March 1st, after mentioning “substantial...
Aussie And Chinese Stocks Lifted As Trump Delays Tariff Deadline, Dollar Steady
Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer...
Weekly Economic and Financial Commentary: Signs Point to More Moderate Economic Growth Ahead
U.S. Review Signs Point to More Moderate Economic Growth Ahead Existing home sales dropped 1.2% in January, reflecting continued housing market weakness. The NAHB Housing Market Index rose to 62 in February, as more builders expressed confidence on lower mortgage...
The Weekly Bottom Line: A Reminder on the Limits of Monetary Policy
U.S. Highlights The barrage of negative U.S. data continued this week, with weakness in December durable goods orders and a decline in existing home sales in January. Still, markets were hopeful that progress would be made in the China-U.S. trade...
Stocks Higher As Trade Talks Gain Momentum
European markets bounded higher and Wall Street jumped out of the blocks on the front foot as investors cheered news that President Donald Trump is to meet with Chinese Vice Premier Liu He later this afternoon. After the two powers...
Canadian Dollar Higher on Stronger Oil and Softer Dollar
Canadian Dollar rose 0.47 percent on Friday despite retail sales falling unexpectedly in December. Trade optimism offset the data miss as the US dollar remains on the back foot following lower than expected manufacturing data points published on Thursday. The...
Australia & New Zealand Weekly: RBA to Cut the Cash Rate by 25bps in August and November
Week beginning 25 February 2019 Westpac expects the RBA to cut the Cash Rate 25bps in August and November. Australia: dwelling prices, capex survey, construction work, credit. NZ: retail trade, business confidence, building consents, terms of trade. China: NBS PMI’s....
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