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Tag: People’s Bank of China (PBoC)

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 […]

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 […]

All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next […]

Dollar rises to new heights against G10 and EM pairs

Thursday June 28: Five things the markets are talking about Global equities remain on the back foot as investors continue to come to terms with the U.S Whitehouse’s strategy towards Chinese investments. After some confusion, the Trump administration has re-established its hardline stance on trade. The U.S dollar has again found traction against its G10 […]

Winds of Trade War Howling ( OANDA Bloomberg Radio)

Stephen Innes, Head: Trading Asia Pacific, Oanda, discussed the war of attrition we are seeing on trade tariffs between the U.S. and China with Bryan Curtis and Paul Allen. He goes onto look at haven demand, how U.S. goods could face a broader international backlash and finally explains why he sees the Malaysian ringgit as […]

Dollar rises on falling risk appetite

Monday June 18: Five things the markets are talking about Global trade is again top of capital markets agenda, as dealers and investors are now officially worried about the intensifying confrontation between the U.S and China. Global equities are trading under pressure over the escalating protectionist standoff between the two largest economies, along with crude […]

Mario Draghi , the master of the dark art of central bank communiqué

Mario Draghi, the master of the dark art of central bank  communiqué After last week’s dramatic price action dubbed “the biggest week of the year” we have another potpourri of events to side-track from the World Cup games this week. There’s more than enough risk events to keep things exciting with a plethora of central […]