Jiming Huang / Blog
The single currency tumbled at market opening on Monday amid rising political tensions in Germany. The euro fell 0.60% against the US dollar and slid as low as 1...
Next week’s calendar brims with sentiment data releases. The Conference Board and the University of Michigan in the US, the IFO Business Climate indicator in Germany and, of course, preliminary PMI releases worldwide will shed light on the prospects of major economies...
Recent changes in Saudi Arabia have not caused big market moves. Even so, Saudi politics could impact the rest of the world in one of three ways, explains Global Chief Economist Paul Donovan. Saudi Arabia can have a global impact through the oil market...
I remain bearish on commodities: improving demand will not yet cover a supply glut. Oil is in a loop where higher prices trigger higher production that sends prices swiftly lower. CAD economic outlook remains highly influenced by oil prices – as they decline, USD/CAD has room to appreciate...
Rising growth, increasing inflation and lower unemployment are building a groundswell for the European Central Bank to tighten the euro. Last month the ECB said it will cut quantitative easing from €60 billion per month to €30 billion, beginning in January, and wind down to nil by September 2018...
The House of Representatives passed a bill for the largest overhaul of the US tax system in 31 years. The text provides for reducing the corporate tax to its lowest level since 1939 and to reduce the personal tax in 2018...
$8000 before end of the week? (By Yann Quelenn) • Bitcoin is back to recent its highest levels after a profit-taking period. The technical structure shows a tremendous positive short-term...
UK inflation has come in at a strong 3% per annum, which is weighing on the pound, because an interest rate hike in 2018 looks likely. The pound is trading sideways at 1.30-1.32 USD. Why is the Bank of England so cautious about raising rates...
Inflation is back, especially in the US, where the US Price Producer Index has broken its downtrend of nearly a decade. In the next few months, this will explode volatility and the bond-market bubble, when investors start unwinding their bonds – along with the US Federal Reserve doing the same...