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Tag: Markets News

Weekly Review: Complacency Returns to Markets Even With the Trade Talk

This week, with little economic data coming through, the biggest news was on trade. Trade has continued to dominate the financial markets as the two biggest economies flex their muscles. On Wednesday, the Chinese government announced fresh tariffs on US imports such as cars and crude oil. The total tariffs announced were worth more than […]

Options For the Turkish Lira as it Falls to an All Time Low

Turkey is an important country in Europe and Asia with a GDP of more than $850 billion. The country has in the past applied to join the European Union in a bid to become more Western. The country is known for its vehicle, machinery, and refined petroleum products. It is also known for its large […]

Japan Q2 GDP Grow Faster Than Expected as UK GDP Meets Expectations

Earlier today, the Japanese statistics office released the preliminary numbers for the second quarter GDP. The numbers showed that the economy rose by an annualized rate of 1.9% in the second quarter. This was higher than the expected 1.4% annualized rate and the Q1 contraction of 0.9%. The growth in the GDP in the quarter […]

What Next After the Recent GBP/USD Sell-Off?

In June 2014, the GBP/USD pair reached a high of 1.7185. After that, the pair started moving down, with the descend accelerating in June 2016 after the Brexit vote. Yesterday, the pair continued to move lower, reaching a low of 1.2840, the lowest level since August last year. The current descent is because of the […]

Kiwi Slumps After a Dovish Statement By Reserve Bank of New Zealand

The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]

EU GDP Slides to Lowest Level in 2 Years as Inflation Rises

The Euro is rising against the dollar and other pairs as the data from the EU point to a stable economy. Earlier today, data from France showed that the consumer prices rose by an annual rate of 2.3% in June. This was higher than the expected 2.2%. In the EU area, the CPI rose by […]

Why an Upside is Likely For Silver

Silver is having a bad year. Like other metals, silver has declined by more than 8% this year. It has moved from a YTD high of $17.6 and on Monday, it reached the YTD low of $15.1. Silver is a different metal than gold. While the two metals are found deep inside the earth’s crust, […]

Japan Manufacturing Slows as European Manufacturing Soars in July

It seems like the earliest impacts of the new trade order are here with us. Earlier today, data from Japan showed that the country’s manufacturing sector recorded the slowest growth in 20 months in July. The data from Nikkei showed that the manufacturing PMI for July was at 51.6, which was lower than the expected […]

Week Ahead: Focus to Remain on Politics, Trade, US GDP, and ECB

After weeks of gains, the US dollar continues its losing streak against its peers. The decline on the dollar comes after the US president criticized the Federal Reserve for raising interest rates. This year, the bank has made two rate hikes and traders expect it to perform two more hikes. In addition, the current issue […]

Weekend Review: US-Iran Relations on a Tipping Point

On Sunday, the Iranian leader, Hassan Rouhani issued a major warning to the US president. In a speech to Iranian diplomats, the president asked the US president not to continue destabilizing his country. He said, ‘Mr Trump, don’t play with the lion’s tail, this would only lead to regret. America should know that peace with […]