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Tag: CNH

Bring on the FOMC !

FOMC  The FOMC meeting next week has a hike fully priced in so the focus will be on the dot plots and the follow-up presser which has dollar bulls questioning their near-term positions. The meeting will be overly scrutinised to see if there are any changes in the projections, with new Vice-chair Clarida voting for […]

Canada retail sales climb, inflation falls, CAD rallies

Canadian retail sales climbed in July following a decline in June, led by demand for food and higher gas prices. Stats Canada said retail sales rose +0.3% in July to a seasonally adjusted C$50.9B. Note: In June, retail sales fell by a revised -0.1%. Ex-autos, July sales rose by a robust +0.9%, despite a decline […]

Central Banks up the ante to normalize interest rates

Friday September 21: Five things the markets are talking about Aside from trade, tariff and retaliation, central banks are upping the ante to “normalize” interest rates. This week, Norway’s Norges Bank has joined the BoE, and the central banks of the Czech Republic and Romania in withdrawing some of its stimulus, while Sweden’s Riksbank has […]

US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy […]

U.S weekly jobless claims fall

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong. Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is […]

U.S safe-haven appeal diminishes

Thursday September 20: Five things the markets are talking about It’s not been easy, two and two do not add up when trading these Twitter directional asset classes. Fundamentals have been temporary ignored as the ‘lemming’ trades takes a grip. Fading market fears over a Sino-U.S trade row has the U.S dollar trading within striking […]

OANDA Trading Asia market closing note : Irrational exuberance ? YUAN

Irrational exuberance? YUAN EM Asia currencies The Yuan Could be little more than a case of irrational exuberance as the markets have completely latched on to Premier Li Keqiang comments which, at the World Economic Forum, said China would not devalue the currency to stimulate exports and as one would expect the Australian dollar is […]

The morning after

The morning after US equity market has wholly shrugged off yesterday’s back and forth on US-China trade, as the robust US economy continues to sway investors. However, when we look back at the 2018 stock market run, a lot of ink will be spilt about the benefits of US repatriation flows which are keeping balance […]

China Retaliates to US Tariffs With $60B Tariffs on US products

China is to slap tariffs on an additional $60bn (£46bn) of imports from the US in retaliation against $200bn of new trade sanctions on Chinese goods announced by Donald Trump. The latest moves represent a new step towards a full-scale trade war between the world’s two biggest economies. Further escalation is deemed likely because Trump […]

Trump Leaves Door Open to Deal with China

President Donald Trump on Tuesday left the door open for China to negotiate an end to the trade war between Washington and Beijing, a day after imposing new tariffs on nearly $200 billion Chinese imports and threatening more if China retaliates. Speaking to reporters during a visit with Polish President Andrzej Duda, Trump said that […]