Jiming Huang / Blog
The wait is (likely) over: on Thursday the European Central Bank (ECB) is expected to announce the tapering of its asset purchases. CIO expects it to reduce monthly purchase volumes to EUR 30bn from next January to September, and then keep its balance sheet stable...
In financial terms the word "bubble" is like the word "recession"; often used, but lacking a proper definition. A bubble is more than a market trading above fundamental value. Fundamental models are rarely very precise...
It is Friday and the US dollar is going up. The greenback has been going on a roller coaster over the past five days as the immediate outlook is quite opaque. In the US, the dollar has been able to hold ground so far, thanks to buoyed optimism regarding Trump tax reform...
The deadline for Catalonia to provide clarity on independence declarations has come and gone. In the eyes of Madrid the lack of a response was the same as maintained Catalonia demand for independence. Rajoy and the Spanish government have been unwilling to take their feet off the petal...
The New Zealand dollar took a hit on Thursday, falling more than 1.70% against the US dollar as investors reacted to the outcome of the coalition government. The Kiwi started to tumble around mid-day local time following rumours that the Labour Party was about to form a coalition government...
If markets need further evidence they should fade everything US president Trump say in public we got the semi-annual Treasury report. The most glaring omission was the US treasury against declined to label China a currency manipulator despite very public tough attitude...
Crude oil prices extended gains on Tuesday with the WTI and Brent rising 0.50% and 0.80%, respectively, amid mounting geopolitical tensions and shrinking oil inventories...
Today will be released the US industrial production and is expected to increase to 0.3%m/m from a month earlier at -0.9%m/m. The greenback which has largely weakened since the start of the year is now facing upside pressures since European political worries are accelerating...