Stocks in Free Fall Again as Trump Vows Not to Back Down on Tariffs
Risk aversion took a breath overnight in the US. But selloff in stock markets intensified again after Trump condemned that China “broke the deal” and pledged “we won’t back down” on tariffs. It’s so far highly doubtful if Chinese Vice...
Sterling Tumbles on Brexit Impasse Again, Yen Stays Strong
Sterling suffers steep selling today after the UK Government conceded that there will be no Brexit compromise with opposition Labour any time soon. Thus, UK is prepared to participate in European election on May 23. New Zealand Dollar pared back...
New Zealand Dollar Tumbles on RBNZ Dovish Rate Cut, Yen Firm as Global Stocks Tumble on Trade War
Yen remains the strongest one for today, extending this week’s rally on risk aversion. Following steep decline in the US, Asian markets open broadly lower and stay pressured. Threat of full-blown trade war continues to weigh on investors’ sentiments. New...
Yen and Dollar Take Spotlights on Risk Aversion, Trade War Concerns Stay
Risk aversion remains the dominant theme in the global financial markets on trade war threats. In particular, German 10-year yield turns negative again on safe haven flows. Based on currently available information, the trigger for Trump’s escalation was China’s pull...
The Show of US-China Trade Talks Will Go On Despite Tariff Threats
Markets sentiments stabilized as more information was revealed regarding escalation of US-China trade tensions. The Chinese delegation will still travel to the US, with Vice Premier Liu He remaining as the lead negotiator. While there are still a lot of...
Yen and Dollar Stand Tall on US-China Trade War Threat
Imminent threat of full blown US-China trade war is the dominant theme in the global financial markets today. Chinese stocks were hardest hit, down the most in more than three years. Other Asian markets were generally down while Japan continued...
Sentiments Turn Sour as Trump Decides to Escalate US-China Trade War When a Deal is Very Close
Risk sentiments are knocked down heavily in Asia after Trump confused the markets by announcement to push trade war with China to full blown level. Just as investors were told dozens of times by Trump and his administration that both...
Sterling Surged as UK Politicians Could Finally Drop Differences to Deliver Brexit
Sterling was the star winner last week as boosted by renewed hope of a Brexit deal between the government and opposition. Poor results for both Conservatives and Labours are piling pressure on both parties to end the Brexit standoff and...
Dollar Inaction to Strong NFP, Wage Growth Offsets Strong Job Number
Even though US non-farm payroll report came in much stronger than expected. There is no apparent buying in Dollar as initial reactions. Weaker than expected wage growth seems to be a factor that’s capping the greenback’s strength. On the other...
Dollar Bulls in Hesitation as Markets Await US Non-Farm Payrolls
Dollar turns mixed in Asian session today as markets turn their focus to non-farm payroll reports from US. The greenback has indeed been regaining grounds this gradually this week. In particular, it’s helped by Fed Chair Jerome Powell who talked...
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