Jiming Huang / Blog
Markets will look towards the US today as a set of data is expected to be released with Q1 GDP likely showing decent growth. Markets estimate a GDP increase of 0.9%. But when looking deeper at the fundamentals, the economic recovery may not be as strong as it seems...
The Japanese yen gained momentum on the last trading day of the week as it rose 0.85% and 0.63% against the pound and the Aussie respectively. USD/JPY fell as much as 0.53%, down to 111.25, as investors switched to risk-off mode ahead of the weekend. Gold inched higher and rose $5.5 to 1,262...
Today will be released the FOMC meeting minutes. Traders will monitor carefully any further hint about the Fed rate path until the end of the year. For the time being, markets are expecting an optimistic tome from May’s FOMC policy meeting...
As expected, Moody’s has downgraded China’s sovereign credit rating to A1 from Aa3 with revised outlook stable. According to Moody’s, the cut was due to growing leverage and the fact indirect liabilities will be pressured as economic growth decelerates...
Volatility continued to decline as political concerns fade into the background. VIX is now at levels seen before the James Comey memo rocked equity markets...
Swiss trade data came on the soft side in April, highlighting the negative effects of a high level of political uncertainty that stemmed from the French elections and Brexit talks. Exports contracted 2.5% m/m in April compared to a downwardly revised reading of 1.8% in the previous month...
Markets have refocused on fundamentals yet are keeping one eye on the political risks. With US President Donald Trump - the lone source of market volatility - now traveling in the world’s most unstable region, even the most bullish investor is skittish...
Sterling went under renewed pressure on Monday morning with Brexit negotiations expected to make a comeback this week. The pound was the worst G10 performer as it slid 0.50% against the greenback with GBP/USD easing as low as 1.2967. Over the last few days, the pound has been testing the 1...
Strong demand. • Crude oil continues to bounce on shortsqueeze move. Support is given at a distance 43.76 (05/05/2017 low). Demand is very strong and the road is wide-open for further increase. • In the long-term, crude oil has recovered after...