China Weekly Letter – Will the Tech War Threaten a Trade Deal?
US-China ceasefire off to a rocky start – but we still look for a deal in 2019 The US-China trade deficit at a new high in October as China cuts imports China PMI surprised to the upside but we see...
Chancellor Merkel’s CDU Party To Elect New Leader Today
German politics is in flux. The Grand Coalition of the CDU, CSU and SPD parties has weakened following regional elections in October that saw CSU leader Horst Seehofer having to step down. Now, Chancellor Angela Merkel’s party, the CDU, is...
OPEC Deal May Fail Due To Moscow’s Position
OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding. After six-hour meeting in Vienna, Saudi Energy Minister...
NFP Jobs Report Expected to be Solid but Fed May Need Something Stronger
The last time US nonfarm payrolls were released, investors turned more positive that the Fed would raise interest rates at least twice next year as wages recorded their largest increase in 9 ½ -years and employment growth bounced back. This time,...
Canadian Jobs Numbers Up Next as Loonie Awaits OPEC Outcome
Canada’s latest employment figures will hit the markets on Friday, at 1330 GMT. Forecasts and gauges of the labor market point to another solid report, which may help the loonie recover some of its latest losses. In the bigger picture...
EUR/USD – Euro Quiet Ahead Of OPEC Meeting, U.S Job Data
EUR/USD is almost unchanged in the Thursday session. Currently, the pair is trading at 1.1337, down 0.07% on the day. On the release front, German Factory Orders posted a gain of 0.3%, beating the forecast of -0.4%. In the U.S,...
Bitcoin (BTC) Is Likely To Drop To $ 1,500
On the back of a grueling quarter, the bitcoin price could still see tougher times ahead. One analyst over at Bloomberg sees the flagship cryptocurrency possibly heading toward $1,500. Indeed, bitcoin had a dismal November, as part of a difficult...
BoC: A Hold, Probably a Pause
The Bank of Canada kept its overnight rate unchanged at 1.75% this morning. The decision met both market and economists’ expectations. The statement released alongside the decision struck a dovish note. One of the biggest stories since the Bank’s October...
Japanese Yen Retracts, Household Spending Next
The Japanese yen has lost ground in the Wednesday session. In North American trade, USD/JPY is trading at 113.15, up 0.33% on the day. There are no data indicators in Japan or the United States. On Thursday, the focus will...
Markets Tumble After US Sell-Off
Traders fret about yield curve ahead of market closure Another major sell-off on Wall Street on Tuesday is dragging on markets across the globe on Wednesday, as traders continue to fret about the meaning behind the inverted US yield curve....