US stocks open slightly lower today while major European indices are trading in red. But it's too early to say if risk aversion in back. US-China trade war is the biggest risks to the global economy and there is...
Possibly in her final attempt, UK Prime Minister Theresa May tries to win the parliamentary approval of the Brexit Withdrawal Agreement with a “bold new plan”. While the most eye-catching ingredient is a green light of a second referendum,...
Direction isn't very clear in the financial markets today as they're generally in consolidative mode. Sterling was lifted briefly overnight by UK Prime Minister Theresa May's new Brexit plan. But it was quickly back to square one after the...
Risk aversion eased mildly today as markets respond positive to US decision to delay the sanctions of Huawei for 90 days. After some initial hesitation, Yen sell-off is picking up momentum in early US session, because of rally in...
Australian Dollar continues to be the spotlight of the week. It's knocked down by RBA Governor's comment that they's going to consider cutting interest rates in June meeting. It's actually slightly earlier than market expectations of an August cut....
RBA turned more dovish, than what was suggested in the meeting statement, in May. As the minutes revealed, policymakers expected to cut the policy rate if inflation remains weak while the unemployment rate climb higher. The latest economic forecasts,...
US-China trade war remains a dominant theme in the global financial markets today. Words from both sides continued to indicate hard line stances. It doesn't quite matter how much close to facts are their rhetorics. What matters most is...
Australian Dollar open generally higher this week as traders cheer election results over the weekend. Canadian Dollar is also firm after USMCA members reached an agreement to remove steel tariffs and retaliations. Risks sentiments are steady in mixed Asian...
OPEC+ stayed put, maintaining the output cut agreed in December last year while pledging to monitor market developments with an option to raise production later. In our opinion, there is no practical need for OPEC+ to officially raise output....
As suggested in the CFTC Commitments of Traders report in the week ended May 14, traders trimmed their bets, on both long and short sides, on futures of US dollar index, euro, Swiss franc, and Canadian dollar. On the...
According to the CFTC Commitments of Traders report for the week ended May 14, NET LENGTH for crude oil futures fell -6 528 contracts to 487 808 for the week. Speculative long positions declined -8 810 contracts while shorts...
Deal, deal, deals. They're the main themes in the markets last week. The cross-party Brexit talks in UK collapsed and a high profile Brexiteer is tipped to lead the Brexit process after current Prime Minister steps down. Tensions between...
Sterling suffers heavy selling today as after Brexit negotiations between the UK government and opposition Labour formally collapsed. More uncertainties lie ahead as Prime Minister Theresa May will lay our the time line for stepping down, whether her Brexit...
Asian markets once again decouple from the US. While US stocks staged a strong rebound overnight, Asian indices are generally mixed. Weakness is indeed seen in China's Shanghai SSE while Yuan resumes recent free fall. There is some negative...
Market sentiments are generally steady today. Better than expected job and housing data lift Dollar mildly higher in early US session. Yen and Swiss Franc are trading of the softer side, paring some of this week's gains. While US...
US stocks recovered overnight on talks that Trump is going to delay auto tariffs decision, due May 18, by up to 6-months. All major stock indices staged mild recovery. German DAX also reversed earlier losses to close higher. However,...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +14.64 mmb to 1270.26 mmb in the week ended May 10. Crude oil inventory rose 5.43 mmb to...
Worries over Italy's budget takes center stage today. Italy 10-year yield hit as high as 2.812. On the other hand, German 10-year yield dived to as low as -0.131. US 10-year yield is also dragged down to as low...
Economic data in April prove that China’s economy is not yet out of the wood. Growth in industrial production , retail sales and fixed asset investment all surprised to downside, suggesting that the rebound in March was only due...
After some initial hesitation, Asian markets picked up some momentum and strengthen broadly, recovering some of this week's losses. Though, strength is so far limited with lots of uncertainty ahead. It's a fact that US-China trade war is dragging...