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The USD has bounced higher today on the back of comments from Governor Powell whose view on monetary policy remains the same with lifting rates steadily overtime and keeping inflation ticking along as well. So for the US economy this has been a positive...
Asian equities fell on Tuesday after Oil prices tumbled by more than 4.6% during the previous session, following reports that Saudi Arabia has offered additional crude supplies to some of its Asian customers and that the U.S. may release some of its strategic petroleum...
US inflation figures were the main focus today for the US economy, as it saw CPI lift in line with expectations to 0.2% m/m. Well this is not a strong hawkish signal it does show that the US economy for the most part is...
There is a feeling of change within the strategy of how OPEC operates. This uncertainty has played a leading role behind the price of Oil coming under relentless pressure over the past couple of weeks, in anticipation of the cartel’s meeting in Vienna this...
The UK economy has come under pressure yet again and the Government is also in the firing line over their current Brexit plans, which now seems like a measure to move it further along, rather than come to any sort of actual agreement due...
Investor fears over Italy’s political turmoil eased on Wednesday, leading to a sharp recovery in Italian assets, the Euro and global equities. Investor confidence that Italy will manage to overcome the current political deadlock was reflected in a bonds auction, where the government managed...
It has been all about Italy today in the markets, as they've completely turned and now taken a risk aversion approach compared to last week. This is not shocking news, but it has led to a lot of concern among the euro-zone members especially...
The USD took a dive today as geopolitical risks increased on the back of Trumps announcement that he would not attend the summit with North Korea in Singapore. There had been speculation of this for some time that Trump would pull out and the...
FOMC minutes were released not too long ago and they reveal that the June rate hike is very likely to happen after FED members were positive about the state of the economy and the recent rise in inflation. It also showed that if inflation...
Matters just continue to go from bad to worse for the Turkish Lira.The currency is in complete freefall and the outlook is still that there is an increased risk of further losses ahead. This is despite the Lira being crippled by meeting new historic...
Trade war on hold  - for nowAsian stocks gained on Monday morning as investors learned that the U.S. and China agreed to drop the tariff threats against each other while they continue to work out an agreement. This was the second round of trade...
In a move that dealt a painful blow to global sentiment, President Donald Trump declared on Tuesday that the United States will be pulling out of the “defective” Iran nuclear deal.U.S stocks ended mixed on the news while oil prices fluctuated in each direction,...
The unprecedented turnaround of fortunes for the US Dollar is continuing to leave a lasting impression on the FX markets, following the Dollar Index’s rise to above 92.80 on Monday, a new milestone for 2018. The emerging market currencies are now playing catch up...
Asian stock markets fell while the Japanese Yen held steady, as investors closely monitored tense trade talks between the United States and China, in Beijing.The chances of a breakthrough trade deal from the two-day meeting are seen as highly unlikely. However, the talks could...
The South African Rand is showing some indications of recovery against the US Dollar in the aftermath of the latest FOMC statement. The Rand is up by 0.5% at time of writing with the Greenback also slipping lower against the Euro, British Pound, Yen...
When oil markets are headed towards rebalancing, any shocks due to supply shortage may lead to a huge spike in prices. Brent prices fell on Tuesday to a low of $73.47, indicating that $75 may be a short-term top. This was before Israeli Prime...
Buying sentiment towards the British Pound was dealt a severe blow on Friday following reports that the U.K economy grew much slower than expected in Q1.U.K GDP growth slowed to 0.1% in the first quarter, much worse than the expected 0.3%, and its weakest...
There is a growing air of anticipation across financial markets ahead of the European Central Bank rate decision and press conference later in the day.Although the ECB is broadly expected to keep monetary policy unchanged in April, the main focus and potential action will...
The story behind the Dollar’s incredible appreciation in recent days continues to revolve around rising U.S bond yields and easing geopolitical risks.Market expectations of higher U.S interest rates have also played a leading role in the Greenback’s resurgence, with the DXY marching to levels...
Wall Street ended mixed on Monday as tech stocks continued to lead the major indices. The S&P 500 finished flat at 2,670, with the 1.07% gain in materials offset by the 0.43% decline in the tech sector. The Dow Jones Industrial Average fell for...
Number 3 has been of crucial significance in 2018. Trump has been predicting that his policies would bring an increase in annual growth to over than 3% a year. The Federal Reserve is expected to raise interest rates 3 times in 2018. However, investors...
The Australian dollar continues to struggle on the global stage as markets have punished it for a weaker than expected employment report. With only 4.9k jobs created in the previous month, compared to the forecasted 20k. This is a drop when you compare it...
Equities in Asia received a boost as a result of higher commodity prices and strong U.S. earnings announcements. Energy and mining stocks are leading the gains this morning, as Brent and WTI traded at their highest levels since late 2014. Oil found support after...
US markets got a boost today from all the economic data that came out, and the USD did an about face and managed to claw back some ground on yesterday. The main driver was of course US building permits which lifted to 1.35M (1.32M...
The strong performance of U.S. equities on Monday and better than expected Chinese GDP failed to inspire Asian markets today. Equity benchmarks in Tokyo were slightly lower along with China’s CSI and Kospi 200, while Australian ASX rose on support from the materials and...
Heading into the new trading week, investors across different asset classes feared that the U.S.-led strike on Syria would become the new catalyst to sell risk assets. However, Saturday’s operation, that also included the U.K. and France was a limited one, and intended to...
The Australian dollar is coming back into focus with the upcoming Reserve Bank Of Australian Stability Report due out shortly. Many traders will be looking to see the viewpoint of the bank on the Australian economy, especially around household debt, as the Australian housing...
Global equity markets are likely to remain firmly gripped by geopolitical risk, as escalating tensions over the conflict in Syria weighed heavily on sentiment.Geopolitical jitters have already punished Asian markets this morning, with Asia Pacific equities under pressure, following a weak lead from Wall...
A touch of risk aversion crept into financial markets on Wednesday, as the sense of relief over easing U.S-China trade tensions was overshadowed by the rising geopolitical risk surrounding Syria.Asian stocks closed mostly mixed due to market caution, with European equities sinking lower as...
Friday’s steep declines in Wall Street driven by weak employment report and a war of words between U.S. & China seem to have been shrugged off in Asia trade. President Trump’s tweets are becoming a little confusing to investors. After threatening to impose tariffs...