The current global economic uncertainty all over the world could be intensified in the week ahead as the market will be paying close attention to the FOMC meeting minutes for further updates on...
Yesterday, the US core retail sales and retail sales reports came out very positive surpassing expectations. Retail sales increased to +0.7%mom compared to previous +0.3% mom and Core Retail Sales...
Yesterday, the European and UK stock markets along with Wall Street posted losses after market participants observed data indicating to a recession. In the US and the UK, the 2 year treasuries...
Yesterday the US announced the delay of 10% tariffs on some Chinese products including cell phones and laptops until mid-December 2019. According to reports the US reached out to China this time...
According to IEA, growth estimates for 2019 and 2020 have been revised downwards. Oil demand has already dropped significantly globally with minor increase by the US, India and China. Production...
Compared to last week’s somewhat muted action, analysts suggest that this week could have unexpected turns and traders could move in. In the previous days, the US accused China as a currency...
Last week uncertainty was one of the main characteristics for the financial markets and we would not be surprised to see the same pattern being maintained into next week. It should be noted that...
JPY maintain most of the gains made in the past days as friction are being maintained in the US-Sino relationships.
Economists seem to worry that the US-Sino trade war may have entered unchartered...
The nerves of the market calmed a bit after the People’s Bank of China set its daily reference rate at 7.0039 Yuan per USD. Albeit the rate is higher than the previous fixing of 6.9996 USD/CNY, it...
RBNZ proceeded with a 50 basis-points rate cut during the Asian session today and the NZD weakened across the board, as the bank’s decision was more dovish than market expectations. RBNZ’s Cash...