Thu, Oct 17, 2019 @ 05:19 GMT
Hopes of a Brexit deal have once again lifted sterling. The latest optimism came after the “breakthrough” meeting between UK PM Boris Johnson and Irish PM Taoiseach Varadkar. The latter suggested he saw a“pathway to a deal” which could...
As suggested in the CFTC Commitments of Traders report in the week ended October 8, NET LENGTH in USD Index declined -3 169 contracts to 39 859. Speculative long positions fell -3 591 contracts and short positions slipped -422...
British pound plunged on news that EU members would unlikely accept the new Withdrawal Agreement proposed by UK PM Boris Johnson. Market anxiety intensified as a report by The Times suggesting that German chancellor Angela Merkel demanded for Northern...
Uncertainty about US-China trade war continues. While negotiations are schedule to resume next week, chance of reaching resolution is low. While some have warned that ‘when China sneezes, the world catches cold’, there are economies that benefit from the...
As suggested in the CFTC Commitments of Traders report in the week ended October 1, NET LENGTH in USD Index added +1 089 contracts to 43 028. Speculative long positions rose +2 255 contracts and short positions added +1...
As the anti-extradition protests enter the fourth month, the market is increasingly concerned about the liquidity and economic slowdown in Hong Kong. Goldman Sachs' report has unnerved investors about the financial stability in Hong Kong. However, we believe the...
British pound recovers modestly in light of the news that UK PM Boris Johnson would discuss a new Withdrawal Agreement (the deal) with the EU. We are not hopeful that the new proposal on Irish border would be accepted...
As suggested in the CFTC Commitments of Traders report in the week ended September 24, NET LENGTH in USD Index added +165 contracts to 41 939. Speculative long positions added +687 contracts and short positions slipped -522 contracts. Concerning...
On the 100th day of Hong Kong’s anti-extradition movement, Moody’s downgraded the territory’s outlook to negative from stable. Although the credit rating stayed unchanged at Aa2 (two notches above China's A1), a negative outlook signals that a rating downgrade...
As suggested in the CFTC Commitments of Traders report in the week ended September 10, NET LENGTH in USD Index added +296 contracts to 32 032. Speculative long positions ell -4 927 contracts and short positions also declined -5...
As suggested in the CFTC Commitments of Traders report in the week ended September 3, NET LENGTH in USD Index added +1 839 contracts to 31 336. Speculative long positions rose +6 308 contracts and short positions also added...
The Brexit drama continues. The bill that allows MPs to take over the parliamentary business on September 4 was passed with a 328-301 vote. This has paved the way for debate on whether MPs reject a “no-deal” Brexit. This...
As suggested in the CFTC Commitments of Traders report in the week ended August 27, NET LENGTH in USD Index added +398 contracts to 29 897. Speculative long positions dropped -961 contracts while short positions fell -1 359 contracts...
japan's inflation has stayed very weak. Despite hopes that the upcoming increase in consumption tax could boost the general price levels, the impact this time is likely limited. Tokyo CPI signals that Japan’s inflation outlook remains dismal.Although consumption tax hike...
As suggested in the CFTC Commitments of Traders report in the week ended August 20, NET LENGTH in USD Index slipped -343 contracts to 29 499. Speculative long positions gained +1 189 contracts while short positions rose +1 532...
Ongoing massive protests in Hong Kong against extradition to China have raised concerns about a rapid deterioration in the city’s economy and, more importantly, the collapse of the HKD-USD linked exchange rate system (LERS). This report suggests that the...
As suggested in the CFTC Commitments of Traders report in the week ended August 13, NET LENGTH in USD Index declined -1 487 contracts to 29 842. Speculative long positions dropped -1 457 contracts while short positions added +30...
Risk to Canadian dollar is skewed to the downside in the near term. Disappointing economic data since the July BOC meeting have raised speculations of a rate cut, although the consensus remains no change in the monetary policy for...
Matteo Salvini, the Deputy Prime Minister of Italy, announced last Friday that he would submit a no-confidence motion against Prime Minister Giuseppe Conte. This marks the collapse of the M5S- League coalition government. Two possibilities arise after Salvini’s move:...
As suggested in the CFTC Commitments of Traders report in the week ended August 6, NET LENGTH in USD Index added +1 046 contracts to 31 329. Speculative long positions added +26 contracts while short positions dropped -1 020...
- advertisement -