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Tag: US Crude Oil Inventories

Another Turkish Lira flash crash

Another Turkish Lira flash crash   A busy start to the session dealing with yet another mini TRY flash crash as the bad Lira news continues to compound. Otherwise, global Forex and fixed income markets remain in neutral  overnight and predictably focused on the upcoming FOMC minutes The Turkish Lira meltdown. As far as I can […]

Commodity currencies are beaming

  Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction for both the USD and US bond yields. After […]

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 […]

USD/CAD – Canadian Dollar Gains Ground on Strong Manufacturing Report

The Canadian dollar has rebounded on Wednesday, after three straight winning sessions. In the North American session, USD/CAD is trading at 1.2819, down 0.45% on the day. On the release front, Canadian Manufacturing Production dropped to 1.4%, but still beat the estimate of 1.1%. In the US, construction numbers were mixed. Building Permits remained steady at 1.35 […]

EUR/USD – Euro Softer, German and Eurozone CPI Match Expectations

EUR/USD has posted losses in the Wednesday session, continuing the downward trend we saw on Tuesday. Currently, the pair is trading at 1.1803, down 0.31% on the day. On the release front, German and eurozone CPI releases matched their estimates. ECB President Mario Draghi will speak at an ECB event in Frankfurt. In the U.S, […]

I’m a believer

I’m a believer The promising US Retail sales data left a resound footprint on global markets as US consumers are loosening their purse strings, but perhaps more important from an investor perspective, the data speaks directly and plainly while providing a linear gauge of the trickle-down effects from fiscal stimulus. Indeed, green shoots start to […]

Yields in focus , again

Equity Markets Equity markets clung on, at least for today, to the easing of trade tensions on the back of President Trumps ZTE reprieve from potentially crushing sanctions. But with US yields again moving higher and the key 10 Year UST nudging above 3 %, it indeed took the wind out of equity investor sails. […]

A crowded tale of the tape

A crowded tale of the tape Global equity markets revelled in their most favourable showing since early March after clement CPI  figures led to hopes of a Goldilocks economy in the US. But as senescent as this view is becoming, with the Federal Reserve Board looking to remove emergency accommodation, it’s perhaps not the best narrative to […]

EM Asia :Let the chips fall where they may

EM Asia: Let the chips fall where they may Malaysia  Attention will be focused on the Malaysian onshore markets this morning after PM Mahathir coalition triggered the circuit breakers and imposed a cooling off period for cash markets by declaring the two-day public holiday. Without cash markets and critical Malaysian pension fund support, it’s difficult to take […]

A Box full of surprises GE14

A Box full of surprises GE14 Malaysia Historical events unfolded overnight as in stunning fashion Pakatan Harapan(PH) won the hotly contested election which is creating quite the stir with foreign investors trying to decipher the PH new mandate. The thinly traded one-month NDF markets have shot up on the election results above 4.05 in response […]