A lot of investing in China this year has depended on trade negotiations with the US, and recent trade talks between the two countries were constructive...
The impressive depreciation of the South African rand observed in the past three months following the July monetary policy meeting amid Moody’s credit downgrade risk due to a growing fiscal deficit risk and trade war fears that triggered a consequent CNY decline, have made the ZAR one of the wors...
For the first time, UK members of Parliament have delivered a majority in favor of a deal to leave the European Union. MPs voted by a majority of 329 to 299 to support Boris Johnson's Brexit deal at its second reading, which paves the way for the UK to complete its departure...
Tomorrow's ECB meeting will probably remain largely ceremonial, as the Governor of the European Central Bank, Mario Draghi, is expected to deliver his last monetary policy meeting after an eight-year term while German Isabel Schnabel is expected to get nominated within ECB board in replacement to...
Brexit Benn Act extension trigger, the follow-up on earnings season and caution over US President Donald Trump expectations of a mid-November phase one trade deal should maintain JPY in upheaval despite disappointing trade data and Typhoon Hagibis damages in October...
British Prime Minister Boris Johnson said: "We have a great new deal that takes back control." The announcement pushed the pound as high as 1.2990 against the US dollar, and EURGBP fell as low as 0.8575. But at the time of writing the pound had given back part of these gains to trade 0...
Aussie traders should be delighted considering the recent downtick in September unemployment rate that allows the currency to rebound from weekly lows, although the consequences of the trade dispute and the continued slowdown in real estate construction should keep the gauge at current level by y...
The year-on-year change in bottom-up consensus earnings per share (EPS) estimates currently stands at -4.1% for the quarter...
GBP optimism appears to turn as traders finally consider that a Brexit “technical extension” is the most likely scenario to be favored by negotiating participants as details of the arrangement would require two additional months...
Asian stock markets are celebrating the latest headlines that the first phase of a potential trade deal agreement is planned to be signed by mid-November 2019. Yet the trend does not support EU equities as the US is expected to announce tariffs of $7...
US September core CPI was lower than expected at 0.1% vs. 0.2% expected. This unexpected read challenges the view that core inflations are rising. This increases our confidence that the 30th October rate cut will move forward...
Sources close to the British PM Boris Johnson have accused German chancellor Angela Merkel of making a Brexit deal "essentially impossible", which prompted an angry reply from the EU Council President Donald Tusk who said that now was not the time to engage in "stupid blame games...
Considering the developing risks, markets are handling the news flow relatively well. Asia equity markets were mixed and European stocks are higher. UK-EU negotiation has devolved into a deadlock (agreements seem unlikely by 31st Oct...
Recent developments have put market participants in a difficult situation, wavering whether the US-China trade war as well as current geopolitical headlines or the publication of Fed minutes in a context of weakening economic activity should prevail...
Our base case is for only modest progress, and given the recent deterioration in economic data, we retain a tactical underweight position in equities while awaiting the result, preferring carry strategies...
The lull of the Turkish lira over the last four months following the G20 summit is likely to break as the country is in the spotlight...
The latest updates on the front of the US – China trade dispute have again given safe haven JPY a boost as China appears willing to narrow down the scope of upcoming trade talks taking place on Thursday and Friday 10 – 11 October 2019 in Washington...
Economic data in Germany continues to deteriorate. Factory orders in Germany declined by -0.6% m/m in August, below the expectations for a -0.3%. The annual rate was nothing had much better rate falling to -6.7% from revised lower by -5.0% in July...
As with most emerging countries seeking to boost economic growth, the members of the Board of Directors of the Reserve Bank of India unanimously voted in favor of a further rate cut. The RBI's repo rate is now at 5.15% (-1.35% year-to-date), a decrease of 0...
