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Tag: European Union

The trend is your friend.

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]

US and Oil Data Eyed as Italy Nears Populist Rule

US Data in Focus After Encouraging Retail Sales Figures US futures are flat ahead of the open on Wall Street on Wednesday, as we await a number of data points from the world’s largest economy and Italy closes in on a eurosceptic coalition government. We got some interesting retail sales figures from the US on […]

EU Expects to Earn $23.5bn From Financial Transactions Tax

A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate.Derivatives account for more than half of the projected revenue, with 6.2 billion euros coming from exchange-traded contracts and 6.1 billion euros […]

US CPI takes the dollar off the boil

US CPI takes the dollar off the boil Currency Markets U.S. Consumer Price Index increased 0.2 percent in April, less than the 0.3 percent rise projected. Naturally, there was a bit of disappointment from the Dollar Bulls after the critical index fell a notch short of quenching bullish views on the US inflation outlook. Mind […]

Join OANDA in Shenzhen China May 18-19

Stephen Innes OANDA Asia will be speaking at this annual event discussing electronic FX trading  and general Macro Themes The 7th China  Forex Expo will be taking place on the 18th and 19th of May 2018 at Great China International Exchange Square of Shenzhen. It is a two-day event for traders, investors, affiliates, IBs, blockchain, […]

All eyes will be on this week’s US CPI report

All eyes will be on this week’s US CPI report Following a very solid, but softer than expected jobs report; the USD remains in an advantageous position but perhaps short-term speculators are a bit oversubscribed heading into the week. The primary driver of late continues to be data surprise index between the rest of the world (soft) […]

Shaky Shaky

Shaky Shaky Holiday thinned trading conditions in Singapore and the rest of Asia today suggests liquidity will be tight. However, with headline riks evolving,  traders will remain ever so vigilant. Global equity sentiment remains a bit shaky as concerns over rising commodity prices and higher interest rates continue to suggest lower corporate margins for the […]

Currrency markets yield to dollar demand

G-10 and EM currencies yield to dollar demand The recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week’s  US Trade Roadshow to China, which includes the President’s ” champions of trade” Steven Mnuchin, Robert Lighthizer […]

May Faces Difficulties Keeping Cabinet United Over Brexit

Theresa May is braced for her Cabinet to split when the European Union rejects her demands for a sweeping free trade deal, after her senior team agreed to put off the hardest Brexit decisions until later.Despite the Cabinet truce after months of internal division, three senior government officials said May will face her most challenging […]

50 50 Chance of Halting Brexit

Opponents of Britain’s exit from the European Union are preparing a major campaign they say now has close to a 50:50 chance of stopping Brexit by blocking Prime Minister Theresa May’s divorce deal, a leading pro-EU campaigner said.With Britain scheduled to leave the EU in March 2019, opponents of Brexit are exploring various ways to […]