Whither the dollar? Dips are recurring in EUR/USD: these are opportunities to reload long positions. Trader are unlikely to hold risky trades over this weekend, although we anticipate a strong USD close today. Positive sentiment from midterm elections has worn-off...
China is ideally positioned, but needs improvement on US trade tensions to stage a solid recovery. We continue to position for a strong China equity bounce. China's inflation has weakened slightly to 2.4% yearly in October from 2.5% in Sept due to weaker food prices...
As US election risk fades, so does risk aversion. However, the risk rally has been weak. High beta, trade sensitive emerging market currencies INR, ZAR, TRY and CLP have seen heavy buying in the past week...
EUR/USD is expected to expand further, approaching the 1.1535 range, as German industrial production continues to grow at a constant pace, 0.80% annually and 0.20% monthly in September, strongly supported by the automotive sector. Factory orders continued to progress, with a monthly rise of 0...
Reaction to the US elections was limited but expected. The Shanghai Composite was down 0.68%: Trump is free to continue his trade war. USD was lower, as combative US politics will head toward gridlock and disorder. Crude prices fell to USD 61...
The US midterm elections could be a critical event. Especially should the result deviate from consensus. Tomorrow election results will be viewed as the first major electoral test of President Donald Trump's policy including trade policies and tax relief...
EUR/USD is currently bouncing off a 1.1312 low (31 October), heading toward 1.1430 short-term. Italy’s deficit budget proposal of two weeks ago has pushed the single currency down against major currencies...
Benefitting from Chinese regulator support via policy measures, Asian shares have been benefitting from a positive trend, stimulated by the bounce in Wall Street. But uncertainties seem to take the ascendant, as trade talks between US and China taking place from 30. November 1...
The US economy is in gear: wages rose 3.1% and non-farm-payrolls climbed by 250,000 in Friday’s report, increasing speculation the Fed will hike more than previously thought. 10-year Treasuries are back above 3.25...
Монета Sakura Bloom (SKB) зарегистрирована и доступна для трейдинговых операций в режиме реального времени на виртуальной бирже криптовалют CoinBene. Пользователи SKB могут обменивать SKB на BTC (биткойн), ETH (эфириум) или USDT (Tether...
The Hang Seng and Shanghai composite rose 4.21% and 2.70%, capping for a strong week. The surge is due to reports that US President Donald Trump is looking to reach an agreement with China’s President Xi Jinping about their trade dispute. We believe dealmaker Trump has over-played his hand...
There are reasons for optimism and for pessimism. On the plus side, GDP grew 3.2% in Q2, well above its recent average. But growth seems to be slowing, and the risks of a trade war are weighing on exports...
USD has been broadly weaker against a stronger sterling. UK Brexit Minister Dominic Raab says he can reach a deal by 21 November 21, but that seems likely to be on EU terms. We remain negative on “soft” Brexit developments and view the pound’s recovery as an opportunity to short...
The Japanese economy is facing a difficult slowdown. So the Bank of Japan revised its estimates downward, starting with inflation: now not expected to reach the long-maintained target of 2% by year-end. Economic growth is now forecast at 1.40% (prior: 1...
Yesterday’s UK budget presentation by Chancellor of the Exchequer Philip Hammond took some steam out of sterling. His spending deficit of GBP 15 billion amounts to 1.40% of GDP in 2019, with boosts in healthcare, housing and fuel...
CNY fell to its lowest level against the USD since 2008, reaching 6.9641 on news that America is preparing new tariffs on all remaining Chinese imports, if talks on 30 November between US President Trump and China’s President Xi Jinping fail...
It has been a slow start to the week in the FX market as most currency pairs were little changed during the Asian session. With the exception of the New Zealand dollar that rose 0.70% against the buck. NZD/USD jumped back to 0.6550, up 1.30% from yesterday’s low...
The appointment of Tito Mboweni, former SARB Governor two weeks ago was a welcome message for investors. However key challenges remain. Although his rapid role taking, Tito Mboweni struggled convincing investors during the mini budget meeting on Wednesday as the outlook appeared gloomy...
