Although it should stay in the background looking forward, the Bank of England monetary policy meeting already provided solid arguments that rate cuts could be explored in 2020 as the central bank is becoming more and more dovish in the midst of headwinds from both Brexit, the global economy and...
The move is surprising, yet it seems that the latest rumors confirming that a Sino-American interim deal should not be signed until December does not turn in favor of the greenback and maintains the yuan in advance as market participants decide to take profits on long USD positions...
Globally all eyes are on Germany. The engine of economic growth in Europe is damaged after two years of trade tension taking its toll on global economic activity. Global trade volumes have contracted 1...
Unlike its Australian peer, the situation for the Kiwi appears less appealing following the reading of both inflation and labor data that confirm increased sensitivity of New Zealand from the US – China trade discord, prompting further easing from the Reserve Bank of New Zealand...
Outside of the UK, the world is taking a much need break from discussing Brexit. GBPUSD has settled smack in the middle between 1.2800 and 1.3000. British PM Boris Johnson has formally announced 12th December elections...
The Reserve Bank of Australia's decision to keep its cash rate at the historically low level of 0.75% at today's monetary policy meeting was no surprise...
Equity markets rose for a third straight day on Tuesday amid fading Brexit risk and positive developments in US-China trade negotiations...
The recent Turkish lira development appears quite surprising considering the latest rate cut implemented by the Turkish Central Bank earlier in October following the removal of US tariffs imports as it trades at four-week low...
We are still reeling from Powell’s admission that trade uncertainty is driving policy. The Fed has spent months scripting a communication that avoided becoming partisan and getting caught up in trade hype...
Switzerland’s headline inflation missed widely expectations in October. The consumer price index contracted 0.3%y/y, following a decrease of 0.1% in the previous month, while market participants anticipated a flat reading...
The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering the target range to 1.5–1.75%. This was in line with expectations and left markets little changed. The Fed has now cut rates by a total of 75 basis points since July. The FOMC statement had only subtle changes...
The new challenges facing the Sino-American trade talks following strong anti-government protests in Chile in Santiago casts doubt on the timing of the interim trade agreement that was originally scheduled to be signed between 16 and 17 November 2019 by both US and Chinese Presidents amid the Asi...
The approval by EU leaders of a longer three-month extension until 31 January 2020 finally provided British MPs with good reasons to support early parliamentary elections on 12 December, although Prime Minister Johnson had to find a way around the two-thirds Fixed-term Parliaments Act in order to...
Big day for the US today. First markets will get the first release of GDP then a few hours later the Federal Reserve’s rate decision. But let’s not forget ADP private employment (expectations 110k). US 3Q real GDP is expected to rise 1.5% q/q, decelerating from 2.0% in Q2...
The still unresolved trade tensions between the US and China, slowing global growth and central bank easing continue to drive emerging market (EM) currencies. In its latest update of the asset class, CIO is looking what's in store for Russia, Brazil and South Africa...
It seems that nothing is much of a surprise according to market participants’ view which are betting on a third Fed rate cut tomorrow, in line with last week soft ECB meeting amid Mario Draghi’s departure...
Compared to their global peers, APAC investors are just slightly less optimistic but confidence is holding up. About 73% of them indicate that they are confident about their personal financial situation over the next 12 months, versus 75% of all investors in the survey...
The global average cost of generating electricity from offshore wind energy is on track to fall 40% by 2030, making the energy source competitive with fossil fuels, according to a report by the International Energy Agency (IEA). Investment in offshore energy, which currently only accounts for 0...
Mario Draghi gave his last press conference as president of European Central Bank (ECB) warning that Eurozone economic momentum was slowing...
