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German manufacturing sector remains in recession territory since January 2019. The release of April manufacturing PMI of 44.4 is part of a downward trend that began last July and which is expected to last, as German factory orders signal a drop in industrial production for the coming quarter...
Market News
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Jiming Huang, 7 May 2019, 13:48
The Australian dollar stood amongst the best performers on Tuesday morning after investors have been wrong-footed by the Reserve Bank of Australia’s (RBA) monetary policy decision. Indeed, Governor Lowe acted contrary to the expectations by maintaining the Official Cash Rate at record low 1...
Market News
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Jiming Huang, 7 May 2019, 13:47
Resisting the steady increase in US oil inventories over the past two weeks, oil prices are losing momentum, as headlines about the year-long trade dispute between the United States and China has prompted investors to divest themselves of risky investments...
Market News
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Jiming Huang, 6 May 2019, 14:03
After months of waiting Donald Trump finally dropped a hint suggesting that Chinese negotiators have been dragging their feet in meeting US demands. On Saturday, the US president threatened to enforce higher tariffs as trade talks stall...
Market News
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Jiming Huang, 6 May 2019, 14:02
The Fed finally sounded less concerned than many market participants had thought initially. The buck has been surging against most peers while safe haven JPY and CHF also appreciated following the announcement...
Market News
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Jiming Huang, 2 May 2019, 13:39
After losing as much as 1 % against the greenback following the Bank of Canada (BoC) meeting, the loonie has been retracing back, bouncing by 0.70%. Yet major questions arise as both today’s FOMC rate decision as well as Canadian manufacturing PMI come into play...
Market News
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Jiming Huang, 1 May 2019, 14:24
It is going to be a very a slow day as most markets are closed for Labour Day. Only Australia, New Zealand, Denmark, Israel, the United Kingdom and the US are open for trading today...
Market News
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Jiming Huang, 1 May 2019, 14:23
After showing a series of upbeat PMI figures last month, it seems that today’s data is running short of expectations...
Market News
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Jiming Huang, 30 April 2019, 14:50
Now that the US slowly enters into election season, time is running out to ratify trade agreements...
Market News
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Jiming Huang, 29 April 2019, 14:30
FX markets are slowly waking up at the start of this trading week. With limited news flow no one is rushing to get out of bed (end of the week brings, BoE MPC, FOMC, US jobs reports, and local UK elections...
Market News
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Jiming Huang, 29 April 2019, 14:29
FX markets are slowly waking up at the start of this trading week. With limited news flow no one is rushing to get out of bed (end of the week brings, BoE MPC, FOMC, US jobs reports, and local UK elections...
Market News
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Jiming Huang, 29 April 2019, 14:29
After plunging more than 1...
Market News
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Jiming Huang, 26 April 2019, 13:49
FX markets have paused their aggressive demand for USD. Perhaps there is trepidation ahead of today’s release of the first estimate of US 1Q GDP...
Market News
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Jiming Huang, 26 April 2019, 13:46
Recent monetary policy meeting statement made by the Bank of Japan (BoJ) had a muted reaction on the marketplace...
Market News
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Jiming Huang, 25 April 2019, 14:12
After reporting a loss of CHF 14.9 billion for the year 2018, the Swiss National Bank comes back in the green for the first quarter of 2019 as it reports a profit of CHF 30.7 billion...
Market News
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Jiming Huang, 25 April 2019, 14:10
A flood of better-than-expected corporate quarterly earning was a wake-up call to overly pessimistic investors. Snap and Twitter posted solid 1Q results triggering a broad-based rally in large-cap tech, propelling the S&P 500 to new all-time highs...
Market News
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Jiming Huang, 24 April 2019, 13:00
It’s a bullish start of the week for Australian equities and a good kickoff on public holidays. The Reserve Bank of Australia (RBA) policy minutes have already had an effect, but the recent quarterly inflation data releases is a confirmation that the RBA next step will be a rate cut...
Market News
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Jiming Huang, 24 April 2019, 13:00
Losing close to 0.75% against the buck since last week, the indian rupee is facing further difficulties. The latest policy minutes of the Reserve Bank of India (RBI) provide a good insight of where monetary policy is heading while risks over oil and food prices make committee members worried...
Market News
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Jiming Huang, 23 April 2019, 14:26
Investors remained on the sidelines after a long weekend. Markets were still closed in numerous countries yesterday (Easter Monday...
Market News
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Jiming Huang, 23 April 2019, 14:25
The day started out quietly with limited trading action during the Asian session. The last employment report from Australia didn’t rock the boat as it came in line with market expectations. In March, the unemployment rate stabilised at 5% as the employment change increased by 25...
Market News
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Jiming Huang, 18 April 2019, 13:45