Euro Lower Despite Stabilization Signs, Risk Appetite Continues on Trade
Global stock markets are generally higher today, continuing to ride on trade optimism. White House economic adviser Kevin Hassett added to the positive mood and said US Trade Representative Robert Lighthizer has made a lot of progress with China. And...
Stocks in Strong Rally as US-China Trade Deal Close in, Currencies Tread Water
Strong risk appetite dominates Asian markets today on trade optimism after WSJ said a deal could be sealed by the end of the month. In particular Chinese Shanghai SSE surged through 3000 handle for the first time since June 2018....
Treasury Yield Surged on Abating Global Risks and Bets on Bottoming in Economic Slowdown
There were so many high profile events last week. In the end, the positive ones were more than enough to offset the negative ones. US-China trade truce was extended indefinitely and it looks closer than ever to have deal. MSCI’s...
Markets Cheer Positive News from China, Yen Drops Further
The financial markets are back in full risk on mode today. China Shanghai SSE jumped 1.8% to 2994.01, just missed 3000 handle. Optimism of bottoming in the slowdown is a factor as Caixin PMI manufacturing rebounded to 49.9, just missed...
Yen Decline Accelerates on Widening Yield Spreads
Yen’s decline continues today and remains the weakest one for the week. Widening treasury yields is seen as the main driving force behind Yen’s selloff. German 10-year yield at 0.186 is now heading back towards 0.2 handle. The rebound on...
Dollar Surges as US Q4 GDP Grew 2.6%, Eyes on Treasury Yields for More Strength
Dollar regains some ground in early US session after stronger than expected Q4 GDP report. But at the time of writing, it’s still trailing behind Euro and Swiss Franc. The common currency is boosted up by strong rally in German...
Yen and Treasury Yields Await US GDP for Inspirations
The finance markets turned mixed in Asian session today. Yen was sold off overnight, following the strong rebound in US treasury yields. In particular 30-year yield staged the biggest rise in a about a month and looks completed the consolidation...
Stering Extends Unstoppable Rally, Swiss Rises on Pakistan-India Tensions
After taking a brief Brexit, Sterling’s rally extends again today on optimism that risk of no deal Brexit is fading. Also, key figure of Brexiteer also expressed condition support for UK Prime Minister Theresa May’s Brexit deal. For now, with...
Yen & Dollar Recover as Markets Turned Cautious, Trump-Kim Summit & USTR Testimony Watched
Yen and Dollar trades mildly firmer today as markets turn cautious ahead of Trump-Kim summit. But the biggest risks could lie on US Trade Representative Robert Lighthizer’s testimony at the House Ways and Means Committee. After Trump postponed trade truce...
Sterling Breaks Key Resistance as UK Moves a Big Deal to Avoid No-Deal Brexit
Sterling rises broadly today and takes out key resistance against Dollar and Euro. UK has moved a big step in avoiding no-deal Brexit. Prime Minister Theresa May announced to hold three separate votes on Brexit deal, no-deal Brexit and delay....
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