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Tag: European Central Bank (ECB)

It’s War – Trade and Currency

Friday July 20: Five things the markets are talking about Euro equities start the day on the back foot despite most Asian bourses finding a little traction to close out their week. Nevertheless, a weaker Chinese yuan and trade uncertainty continues to weigh on global markets. The manipulation of the yuan’s value, considered by many, […]

‘Footy’ dented U.K retail sales and pounds sterling

Thursday July 19: Five things the markets are talking about Yesterday, the dollar retreated from a three-week high as the market cashed in on gains the currency made after two days of testimony by U.S Fed Chair Powell reinforced a strong economic outlook. In congressional testimony on Tuesday and Wednesday Powell said he believed the […]

Fed Powell advances the dollar

Wednesday July 18: Five things the markets are talking about U.S assets get another leg up from rookie Fed Chair Jerome Powell who again expressed optimism over the U.S’s economic growth and stable inflation, telling Congress yesterday that domestic data should keep the central bank on track to raise “gradually” short-term interest rates. However, as […]

Monday blues or Dog days of summer

Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed to inspire investors. And we might chalk it up to a typical summer afternoon NY […]

Markets underpricing China risk( OANDA Trading Podcast BFM Kuala Lumpur 89.9)

Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore Stephen reckons markets are “seriously underpricing economic risk in China”. Economists suspect the direct impact from the two sets of US tariffs aimed at Beijing could drag China’s GDP down by 0.3 percentage points in the longer run. Stephen also shares some insights on how China […]

Trade ,earnings ,teapots and the US dollar

Trade, earnings, teapots and the US dollar Strong domestic growth and on-target core inflation continue to suggest the US economy is in that happy place,  but this week’s US economic data will begin to shape market expectations for Q2. And equally significant will be Fed Chair Powell’s semi-annual monetary policy testimony before the Senate Banking […]

A tenuous and unstable state of affairs

A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality. But the most damning signal is that dialogue between the […]

When the going gets tough, the tough get going

When the going gets tough, the tough get going U.S. stocks are trading off their intraday highs late in the NY session weighed down by financials profit-taking ahead of the deluge of bank earnings reports on Friday, robust US economic data had temporarily overshadowed fears over global trade disputes. That was until a late NY […]