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...
Bulls made their great return on Monday on the back of disappointing wage growth on Friday that should ensure the Fed would act less aggressively than anticipated. The Dow Jones Industrial Average rose 1.31% to 24,776 points, while S&P500 added 0.88...
Eight months before the UK leaves the EU, it appears that the British government is facing a difficult task. After convincing Ministers on Friday concerning her Brexit plan, Prime Minister May is facing an additional challenge...
The US dollar continued to lose ground on Monday after mixed economic data and escalating trade tensions. Investors reacted strongly to the last job report as they put the trade war story on the backburner...
At 14.00 Washington DC time today, the US Federal Reserve will publish the minutes of its June meeting on monetary policy. This will drive the USD and US yield curves. Economic growth continues to accelerate, despite expectations of a cyclical slowdown...
After years of hype, Tesla finally did it. CEO Elon Musk reached his goal of making 5,000 Model 3s in a week: signalling that Tesla has become a “real car company...
The FX market had slow start on Wednesday as US traders take a day off for Independence Day. The Dollar Index eased to 94.50, down 0.10% on the session, as the euro edged up 0.05%, the yen 0.15% and the Swissie 0.15%. However, most currency pairs have been range-bound as trade tensions stabilise...
Want volatility? Look no further than the Turkish lira. As European markets opened, TRY took off on a roller-coaster worthy of Brighton Beach Cyclone, because investors are struggling with the meaning of President Erdogan’s re-election...
The Australian dollar added more than 0.50% on Tuesday after the PBoC announced it would keep the yuan stable at an equilibrium level...
Dear Matthew Todorovski, We are writing to give you advanced warning of potential volatility on the back of significant economic announcements. You may want to consider these announcements and factor them into your trading decisions...
In Europe the focus is on German politics and economics. Purchasing data should show a small increase. While Chancellor Angela Merkel managed to float a refugee resettlement deal, partner-party CSU Chairman and interior Minister Horst Seehofer vetoed...
The US economy is firing on all cylinders with net exports above expectations, which defies the backdrop of protectionism. Q2 GDP growth could hit 4.5% annualised; new jobs may top 200.000 t as well. 10-year T-Bills fell to 2...
Germany went out of the soccer World Cup in the first round for the first time in 80 years, busting many a bracket, including the UBS analysis which gave the defending champions a 90% chance of emerging from the group stage, and a 24% chance of retaining their title...
Turkish elections of Sunday closed as widely expected with a majority of 53% for President Tayyip Erdogan AK party, out of a 99% counting. Erdogan’s main opponent, Muharram Ince from Republican People’s Party gained 31% of the votes, remaining the second largest political party of the country...
Tensions escalated another notch over the weekend as the Trump administration undertook new retaliatory measures against China...
Tensions escalated another notch over the weekend as the Trump administration undertook new retaliatory measures against China...
Today in Vienna, OPEC and non-OPEC oil producers will discuss ramping up oil production. The stars seem to be aligned: discord with Iran has eased, while Russian and Saudi Arabia are supporting the move. Accordingly, the market reacted, as Brent and West Texas Intermediate (WTI) fell by -2...
