Pound shoots up on hopes for a Brexit deal this week Brexit optimism lifts stock markets too, but trade concerns linger Trump hits Turkey with tariffs and sanctions, yet lira climbs Barnier says Brexit deal still possible this week, pound charges higher The Brexit saga remains the dominant theme in the FX market. Investors are holding their breath to see whether a deal will be reached, after the negotiations intensified in recent days. This morning, chief EU negotiator Barnier said [..]
US and China reach ‘mini’ trade deal, but markets remain skeptical Pound pulls back as DUP signals it might not support Boris’s deal Loonie soars after Canadian jobs data beat estimates Trade truce lifts stocks, sends yen lower Global risk appetite got a boost on Friday, with stocks edging higher while safe havens like the Japanese yen surrendered ground, after the world’s two largest economies reached a truce in their fiery trade battle. This ‘limited’ trade agreement will see China [..]
Monthly reports on inflation, retail sales and employment will get into full swing next week, but China is likely to steal the limelight as it will have the busiest calendar. All eyes will be on the third quarter GDP estimate as China battles to prevent a hard landing of its economy amid a deepening trade dispute with the United States. But the ongoing trade war isn’t the only thing that will be causing fatigue for investors as the Brexit drama [..]
Risk sentiment boosted after Trump says negotiations were “very, very good” Safe havens retreat along with US dollar, but caution keeps gold elevated Pound skyrockets after UK and Irish PMs say they see “pathway to possible deal” Renewed optimism that US and China can de-escalate tensions Signs that the US and China were making much-needed progress in their long-running trade dispute lifted market sentiment on Friday, leading to a broad-based risk-on mood. President Trump told reporters the talks are “going [..]
Risk sentiment improves slightly on hopes US and China can reach limited trade deal Stocks, aussie and kiwi up, but most majors stuck in sideways ranges Pound under pressure as EU lists objections to Johnson’s Brexit plan Trade talks resume but little chance of breakthrough US and Chinese negotiators resumed trade talks in Washington on Monday amid a tense environment as the Trump administration added another 20 Chinese public security bureaus and 8 tech companies to its trade blacklist. Although [..]
Yen climbs, dollar drops as dismal ISM non-manufacturing survey stokes recession worries Risk sentiment recovers by end of US session however, on stimulus hopes US nonfarm payrolls may also disappoint today; Fed chief Powell speaks too Market havoc continues as weak ISM PMI keeps investors wary The US services sector is starting to catch the cold that’s been tormenting the manufacturing sector in recent months, according to the latest ISM data. The non-manufacturing PMI for September fell by more than [..]
NZDUSD bulls reemerged, overtaking the resistance of 0.6268 and the 50-period simple moving average (SMA) on the four-hour chart. However, the rally which commenced on October 1 off a multi-year low of 0.6200 soon came to a halt at the lower boundary of the Ichimoku cloud presently at 0.6298. The short-term oscillators suggest that positive momentum is picking up. The MACD has distanced itself above its red trigger line in the negative region, while the RSI has inclined off the [..]
Investors back on recession watch; all eyes on the ISM non-manufacturing PMI today Speculation for Fed rate cuts no longer supports stocks – paradigm shift? Sterling yawns as markets say Brexit proposal is not a needle-mover Equities dive, yen roars back as investors grapple with recession worries Wall Street recorded substantial losses on Wednesday, with the S&P 500 (-1.8%) falling sharply and Asian markets being a sea of red today, as traders continued to cut their risk exposure amid worries [..]
Markets stay in risk-off mode as US considers financial sanctions against China Kiwi drops to new 4-year low after weak business confidence numbers Pound tumbles on hints of BoE rate cut, but may get some relief from politics Sentiment turns sour on fears trade war may spread into finance The main story on Friday was that the Trump administration is examining whether to restrict US financial flows into China. According to reports, Washington is considering delisting Chinese companies from [..]
More central bank meetings will follow in the coming week, this time with the Reserve Bank of Australia, while things will heat up a little on the data front as September PMIs are on the agenda, as well as the all-important US jobs report. Although investors have recently pared some of their bleakest outlook for global growth and recession risks have receded somewhat, the incoming data will nevertheless be watched closely as trade tensions could flare up at any moment. [..]
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