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...
After a more than disappointing reading in ISM manufacturing last Tuesday (47.8 versus 50 median forecast and 49.1 in August), the non-manufacturing gauge received more attention than ever yesterday as market participants struggle to whether the US economy is heading towards a recession...
The foreign exchange markets may be thrilling and profitable for buying and selling should you completely perceive how you can purchase and promote currencies. For those who're drawn to this space, you would possibly even wish to make it your profession...
Global stocks fell on Wednesday as investors reacted to further signs of an economic slowdown. The immediate catalyst for the decline was the release of weaker US jobs data. September private payrolls rose at the slowest pace in three months and August job growth was revised lower...
Things seem to converge in favor of the Swiss National Bank when it comes to FX valuation. One might wonder why the safe-haven CHF depreciated in the past few days when demand for JPY only increased due to a broad risk-off sentiment...
The September 14 aerial attacks on Saudi oil facilities Abqaiq and Khurais triggered a spike in oil prices, with Brent crude jumping to around USD 69 per barrel...
On the economic data front China Sept manufacturing PMI recovered but remained in contraction territory. An official gauge of China's factory activity manufacturing PMI rebounded to 49.8 in September from 49.5 in August. New export orders, a reliable indicator of external demand, increased to 48...
Risk assets pulled back modestly at the start of the trading week. Political turbulence in US, China, UK and Middle East has come at a time when the global growth outlook appears fragile. Asian equity markets are mixed although skewed slightly to the downside...
Markets are mixed with clear drivers lacking. S&P 500 rebounded marginally on positive trade news. Yet Asian trading has been more tentative. Thursday Chinas top diplomat stated that China was willing to purchase additional US products and trade discussion would yields results...
As was widely expected the Reserve Bank of New Zealand (RBNZ) held the Official Cash Rate (OCR) at 1.00%. The press conference seemed slightly less dovish then past meetings. The language introduced conditionality for providing further easing...
Commodity traders must probably be delighted to notice the steep rise in soybean futures bolstered by the new tariffs waivers granted by Chinese authorities to state and private companies as well as China’s shipment deals amounting to as much as 600’000 tons of US soybeans...
The focus today will be on the UK Supreme Court ruling on whether PM Boris Johnson acted unlawfully when he prorogued parliament. The key point is whether the five-week suspensions of Parliament was an abuse of power or standard political business...
Last weekend’s attack on Saudi Arabian oil production generated a significant crude price spike. While the initial price's highs have moderated slightly crude prices remain elevated...
