After extending gains on hope that the RBNZ would adopt a more positive on the inflation outlook, the Kiwi fell sharply on Thursday morning and reached its lowest level in more than two years (lowest since March 2016). After climbing as high as $0.6762 yesterday, NZD/USD slid 1...
US sanctions on Iranian exporting goods have pushed oil prices higher since the beginning of the week...
If there is a “trade war” no one told China importers/exporters. China’s exports growth unexpectedly rose above expectations despite U.S tariffs and heavy media rotation of protectionist rhetoric. Imports also accelerated indicating solid domestic demand...
The network of popular Starbucks coffee houses will offer its customers the opportunity to buy their favorite beverage for bitcoins, as part of a partnership with Microsoft and ICE, a New York Stock Exchange operator...
A truce seems to have been found between the EU and the US – at least for now. But this positive news has to be converted into facts, and this will certainly take time. For now, the German economy provides economic figures, which tell us that the economy was already slowing down in June...
The Australian dollar rose more than 0.60% on Tuesday morning after the Reserve Bank of Australia left the Official Cash Rate unchanged at record low 1.50%. Overall, the tone of the stamen hasn’t change much since the July meeting...
rade tensions are intensifying, as China takes retaliatory measures, announcing additional tariffs on USD 60 billion of US imports ranging from 5% – 20% following latest threats from US side to implement a 25% tariff on USD 200 billion Chinese imports...
USD continued to dominate the FX markets. The greenback has been benefit from aggravated stress points in other currencies. Whether is trade tensions, sanctions, Brexit concerns, European politics, exposure to oil prices or interest rates etc, the USD look to be the safe haven of choice...
Global inflation has changed a lot in the last 40 years. In the mid-1970s, G7 countries' inflation was over 14%. Since 1993, G7 inflation has almost never been above 3%. What caused this? It was not globalization...
If the USD needs any more evidence of economic acceleration, it should come today. US payrolls are expected to increase by 193,000 for July, unemployment will fall to 3.9% from 4.0% and, potentially most important, average hourly earnings are expected to advance 2.7...
Signs of risk aversion are everywhere. With a mixed read from Asia equities, FX and bonds mirror investors’ worries. CNY and TRY lost ground against the safe haven USD, thanks to trade concerns...
Today’s monetary decision is tough for the Mexican central bank. Inflation remains largely above the 3% target on one side but the economy still remains in shape on the other, and the peso already recovered this year amid optimism on the front of NAFTA talks with the US (USD/MXN year-to-date: -4...
An interest-hike of 0.25% expected later today from the Bank of England is already priced in. Unchanged at 0.50% since 2 November 2017, the hike is being pushed by hawks in majority in the Bank’s Monetary Policy Committee...
As already mentioned in Fed’s minutes and during Jerome Powell’s testimony to the Senate, we expect the Chairman of the Federal Reserve to maintain a positive economic outlook for the US economy...
Today’s schedule of Eurozone economic data publications is heavy. The big question is whether this will prompt large moves in the single currency or not...
During today’s monetary policy meeting, the Bank of Japan (BoJ) confirmed it will maintain its short-term policy interest rate at -0.10% “for an extended period of time”, unchanged since 29. January 2016...
US second quarter GDP growth estimates at 4.10% (expected: 4.20%) annualized q/q from 2% previously, its fastest pace in four years. The strong US growth numbers in Q2 are mainly explained by Trump’s USD 1...
US and Asian stocks market were in risk-off mode recently as central bank decisions are approaching and despite impressive growth numbers from the US economy. The dollar index is falling while US treasuries are declining following recent rise on Friday...
Brexit negotiations continue with Theresa May taking control of discussions. As communicated on Tuesday in a ministerial statement, PM May has taken full responsibility for the negotiations with the EU, accompanied by Dominic Raab, her new Brexit Secretary, who replaces David Davis...
