In Europe, however, more monetary stimulus gave a decent boost to the single currency. Though the worse-than-expected slump in German factory orders triggered a soft kneejerk sell-off this morning...
There is finally some questioning among investors that the latest equity rally may have gone too far and a part of gains may be unfounded due to weak economic data, rising political unrest in US and Hong Kong and tenser trade relations between the US and China...
In the currency markets, the US dollar is better bid against its major counterparts. The latest US dollar rebound is more of a correction of past week’s sharp losses than a trade for safety. The EURUSD consolidates gains above the 1...
Tensions between the US and China escalate as China blocks American shippers from reentering China and Donald Trump suspends Chinese airline passenger flights to the US...
In the US, the ADP employment figure is expected to reveal an additional 9.5 million job losses during last month – much better compared to April’s 20 million decline, but still very much worrying for the health of the US labour market...
Chinese services PMI printed the first extension since January and the fastest since October 2010, the Australian GDP contracted 0.3% in the first quarter, slightly less than -0.4% penciled in by analysts and the US oil inventories fell 500’000 barrels last week according to the API data...
The trading week started on a mostly positive note, despite the growing tensions between the US and China, rising political unrest in the US following George Floyd’s death and mounting pressure from Facebook employees on company’s inaction faced with President Trump’s comments...
WTI crude sputters following the surprise buildup in US oil inventories last week. The latest EIA data showed that the US stockpiles increased by 7.9 million barrels last week, versus a 2.5-mio barrel decrease penciled in by analysts, denting the appetite on lower-supply / better-demand dynamic...
The US stock indices turned negative in Thursday’s session as the rising tensions around Hong Kong’s new national security law and Donald Trump’s attacks on social media companies led to some profit taking after American stocks advanced to highest levels in almost three months...
The US dollar is weaker across the board on the back of a resilient risk appetite, but a worse than expected US GDP read could change the appetite for dollar. Demand in other safe haven assets, such as US treasuries and gold, remains solid...
US equities remained resilient to escalating US-China tensions, but trading was mixed in Asia. The Nikkei (+1.00%) and ASX (+1.40%) extended gains, while Shanghai’s Composite (-0.35%) and Hang Seng (-1...
US equities followed up on Asian and European gains on Tuesday. Major US indices rallied to highest levels since March. The S&P500 (+1.23%) traded above the 3000 mark, but closed a touch below this level...
Released this morning, the Gfk German consumer climate printed a slightly lower figure than expected in June, but the kneejerk retreat in the euro remained almost imperceptible. The single currency is capable of pulling out 1...
Asian equities gained as investors shrugged off worries regarding the escalating US-China tensions and raised their hopes on a potential Covid vaccine proposed by the American biotech company Novavax, which has just started human tests. The Nikkei and ASX 200 rallied 2.63% and 2.32% respectively...
Gold remains bid near the $1725 per ounce, as investors believe that the upside potential could be unlocked with a renewed landslide across global equities. Yet, anything less than a sizeable and durable risk sell-off should maintain the top-sellers in place approaching the $1750 mark...
Indeed, speculations of further stimulus actions from the Bank of England are rising after the batch of negative releases that started this week. Attention to labor data was not much on the unemployment rate for March, which held at 3...
The lack of positive catalysts finally seems to get the final word following the impressive bullish rebound seen on Monday globally...
What's the CAD (Canadian Greenback )? CAD, nicknamed the "loonie", is the forex abbreviation or forex image used to indicate the Canadian greenback...
