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Tag: EUR-USD

Copper melts

MANILA, Sept 18 (Reuters) – London copper drifted lower for a third session running on Tuesday as China vowed to respond to the latest U.S. tariffs on about $200 billion of Chinese goods, exacerbating the trade war between the world’s two biggest economies. In imposing the new tariffs, U.S. President Donald Trump warned that if […]

Seeing the forest for the trees

Seeing the forest for the trees With trade war dominating the landscape, even more so after this morning’s US tariff headline, it’s easy to focus on markets from a one-dimensional perspective. But cross-asset trading is multidimensional and observing the more granular details can offer much-needed clarity in these difficult times. US Markets Certainly, Trade war […]

Battered and bruised

Battered and bruised It was a tough week for the markets leaving many participants battered and bruised, but the great thing about this industry, is we get to do it all over again next week. US 10y yields went on to test 3.0% Friday after a string of constructive  US data, and Fed speaks supported […]

A bullish confluence in oil markets

SINGAPORE (Reuters) – Oil prices slipped on Thursday, although U.S. crude remained above $70 a barrel on the back of falling crude inventories and Brent was still close to $80 because of looming sanctions against Iran. Brent rose above $80 per barrel the previous session for the first time since May, spurred by expectations that […]

Edge of the seat type stuff !

Edge of the seat type stuff! US Markets After wobbling most of the day in extremely choppy markets, the US equity market finished mostly higher supported by higher oil prices and news that the US has formally sent an invitation to China to resume trade talks. But festivities were tempered as the market gave a […]

Will we get fireworks from BoE and ECB?

What to expect from a not-so-super Thursday Thursday has the potential to be another interesting day in the markets, with interest rate decisions due from both the Bank of England and the European Central Bank. It’s not often that we hear from two major central banks on the same day, let alone around the same […]

A complex matrix of confusion.

A complex matrix of confusion. Establishing views on cross assets classes on Monday morning is becoming increasingly difficult. The tricky environment I am looking at today Emerging market issues are still lingering and incredibly shaky outlook, the S&P remains robust stable and seriously sturdy, US yields continue to march higher, and US economy continues to […]

Euro touches lowest in more than a year as Turkey effect continues

Turkey says it has an action plan The EUR touched a 13-month low versus the US dollar as trading got underway this week, with markets preparing for more turmoil involving the Turkish lira. The seemingly unstoppable downward spiral in Turkey’s currency and economy is raising concerns about European banks’ exposures to the country helped spark […]

Aussie moves higher as RBA holds rates at record low

AUD/USD breaks above 0.7400 The RBA held rates steady for the 21st time, a move that had been unanimously expected, keeping them at record lows as it targets sustainable growth and achieving the inflation target over time. The Bank’s growth forecast for the economy remains unchanged, seeing GDP growth averaging slightly more than 3% in […]