Now that Trump and Juncker are friends again, as they pledge to deescalate the trade crisis, the spotlight will inevitably fall on today’s ECB meeting...
US equities had a great deal of relief on news that the US and the EU are holding off from implementing new tariffs and will start negotiations...
Starting today, European Commission President Jean-Claude Juncker and Donald Trump will be holding talks in Washington related to current trade battle between both blocs...
On Wednesday morning, all G10 currencies extended gains against the US dollar, with the exception of the Australian dollar after inflation data fell short of expectations. The Aussie fell as much as 0.75% against the buck as AUD/USD slid to $0.74. Headline CPI printed at 2...
June 24 presidential elections in Turkey gave Erdogan an unambiguous victory, confirming his second mandate as Turkish leader for another five years...
During the Asian session, the US dollar extended yesterday’s gains but quickly lost its advance as risk sentiment continued to improve. After sliding to $1.1655, the single currency bounced back towards the 1.17 threshold...
Rising on Friday due to an OPEC report mentioning that the organization will reduce exports for the month of August, Brent crude and West Texas Intermediate (WTI) closed the week at USD 73.07 and 70.46 respectively amid easing concerns of oversupply in the marketplace...
The week gets off to a slow start as investors continue to focus on trade war developments. Donald Trump did not just sit around over the weekend...
Opening the door for further trade relationships, the EU – Japan trade deal signed on Tuesday is providing a great message against protectionism...
The Chinese yuan printed a fresh multi-month low on Friday amid heighten worries about the stability of the Chinese economy and the potential negative effects of the trade war with the US. The offshore rate fell as much as 0.65% with USD/CNH climbing as high as 6.8367...
Despite May 3-month unemployment data given at 1975 low (4.20%), sterling dropped against its major peers amid disappointing wage growth and mounting uncertainties relating to yesterday’s parliamentary vote...
Cryptocurrencies surged across the board on Tuesday evening as Bitcoin crossed the $7,000 threshold for the first time in the last four weeks. During the Asian session, the largest cryptocurrency by market capitalisation hit $7,543 as it added $780 (+11.60%) in less than 10 hours...
Donald Tusk, President of the European Council, and Jean-Claude Juncker President of the European Commission, recent travel to Beijing for the 20th EU-China summit in Peking was largely worth it...
The New Zealand dollar surged unexpectedly on Tuesday morning with NZD/USD hitting $0.6841, the highest level since July 7th. However, the day had badly start for the Kiwi as headline inflation, which was released a few hours earlier, came in below expectation, printing at 1...
As the USA and China continue to implement punitive duties, trade surplus records are occurring. China’s June surplus is estimated at USD 41.61 billion, its highest rate since the beginning of 2018, with exports slightly higher (+3.10%) and imports substantially lower (+6%; prior: +15...
The King dollar made a remarkable return on Friday after the US and China have signalled their intention to sit at the negotiation table. The New Zealand dollar performed the worst among the G10 complex as it fell 0.60% to $0.6740. The drop of June Manufacturing PMI – down to 52.8 from 54...
The Canadian economy is in good shape. Governor of the Bank of Canada (BoC), Stephen Poloz, is therefore in a difficult situation. With favourable economic data on one side and a potential trade war with its largest commercial partner on the other, economic policy lies in the grey zone...
Asian equities fell across the board on Wednesday after Donald Trump announced tariffs on a further $200bn in imports from China. The Nikkei 225 gave up 1.19% to 21,932 points, while Chinese stocks bore the brunt of the sell-off. The Shanghai Composite fell 1...
May’s cabinet is changing its course. After the departure of David Davis, former Brexit Minister, it is the turn of Boris Johnson, Foreign Secretary to step down later in the afternoon...
