The US Federal Reserve Bank yesterday released minutes of its August monetary policy meeting: a 0.25% interest rate hike is signalled for September. Markets have reacted with confusion. Was the tone hawkish or dovish...
Mexico’s new President, Andres Manuel Lopez Obrador (AMLO), has restarted talks with the USA on the North American Free Trade Agreement. US and Mexican officials have particularly covered how much North American content should be included in cars...
The Reserve Bank of Australia confirmed in its August Meeting Minutes that it is not expecting to raise its Official Cash Rate, given at 1.50% since 8 February 2016. The RBA sees improvement in unemployment, income growth and inflation. Inflation and unemployment forecasts are estimated at 2...
Risk in trading continued to push asset higher in low liquidity. Heck even commodities and bitcoin has taken a slightly bullish tone...
After a selloff from July to mid-August, the cannabis industry is facing risk-off sentiment. The industry benchmark, the North American Marijuana Index, fell as much as -10.16% during that time. But fundamentals remain intact...
Over the last days, the Swiss franc made a solid comeback in the wake of worsening crisis in Turkey and mounting worries of emerging market contagion...
Despite mounting geopolitical risks, gold has done the opposite of what would have been expected and slumped, falling 5% from USD 1,228 to USD 1,162 per ounce during the Turkish currency crisis. Could it have been Turkish President Erdogan’s plea to his own people...
Trading sideways against the greenback since June in the 1.16 range, EUR fell most during last week’s Turkish lira collapse. Despite growth and improving sentiment indicators, the single currency continues to weaken against the USD while USD/TRY trend goes in the opposite direction...
American economic developments are as critical as US-Turkey relations. Today’s report on retail sales is expected to show a 0.4% monthly rise in July. Consumer fundamentals continue to improve, while businesses are driving on domestic demand...
UK unemployment should fall further toward 4% (expect 4.1%). Wage growth should stagnate at 2.7%. Rising inflation should give the Bank of England confidence to raise rates in August. However, European growth concerns and Brexit uncertainty should keep the BoE sidelined for the rest of the year...
As emerging-market currencies quake, now could be an opportunity to bargain hunt. Turkey has bounced back: the market has lost its appetite for pushing TRY further, as USD/TRY 1 month at-the-money volatility stands at a whopping 60...
As contagion continues in emerging markets, the South African rand is no exception. Depreciating by 16% against the greenback since the beginning of the year, USD/ZAR’s steep rise from last Thursday (7...
Crisis and contagion are loose, with equities weaker across the board in Asia and European and US futures pointing to a weak open. The wild swings, elevated volatility and speculations is based on FX. Traders are picking off nations exposed to USD obligations...
Trading at the weakest range since mid-July 2018, the single currency is facing difficult times. Rumors surrounding a spill over on European banks of the Turkish lira situation being the main driver of the steep decline...
Mounting uncertainty in Europe has driven investors back into CHF. This, after steady Euro appreciation and EUR/CHF reaching the psychological 1.2 threshold, after the Swiss National Bank shifted its comment from “highly overvalued” to “highly valued” and slowed its FX intervention...
API estimates and lower inventories from EIA (-1.35 million barrels vs consensus: 2.16 million) for the week ending in 3...
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...
