Sun, Oct 20, 2019 @ 11:18 GMT
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UK Prime Minister Boris Johnson's effort to end Brexit drama failed, at least for now, after suffering humiliating defeat in the House of Commons today. MPs passed an amendment tabled by former Conservatives Minister Oliver Letwin by 322 to...
U.S. Highlights The economic data was subdued this week. Retail sales fell 0.3% in September, ending their six month growth streak. Industrial production also fell. Multifamily starts took a step back, but single-family starts fared better. The Fed's Beige...
As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on...
Undoubtedly, the biggest short-term risk event facing investors will be the UK’s parliamentary vote on Saturday. MPs must decide whether to approve Boris Johnson’s Brexit deal or risk plunging Britain further into political crisis. Their decision could shape the...
According to Investopedia, “a gap is an area of a chart where a security’s price either rises or falls from the previous day’s close with no trading occurring in between.”  Let’s look at the logic behind this:  traders don’t...
The British pound is near 5-month highs ahead of Saturday's showdown as the UK parliament is being asked to ratify the deal that PM Johnson and his EU counterparts reached to avoid a hard Brexit on October 31. The...
Polling continues to point to the most likely outcome in Monday’s Canadian federal election being either a Conservative or Liberal minority government (almost 90% odds for one or the other according to the CBC’s poll tracker) with the suddenly...
ECB Governing Council member Robert Holzmann said "in an environment of highly fixed inflation expectations, it becomes too expensive and difficult to reach the (inflation) target, you need too much liquidity to do it." And, "even if you can reach...
Fed Vice Chairman Richard Clarida reiterated that looking ahead, "monetary policy is not on a preset course". FOMC will "proceed on a meeting-by-meeting basis to assess the economic outlook as well as the risks to the outlook." Also, Fed...
It will be relatively quiet on the data front in the coming week with just a handful of top-tier releases, but Mario Draghi’s last ever policy meeting at the helm of the European Central Bank should make for an...
There is a clear need for additional policy support, from monetary and fiscal authorities. China GDP disappointed in the September quarter, annual growth slowing to 6.0%yr rather than the 6.1%yr consensus expectation. This outcome is at the lower-bound of authorities...
The Aussie dollar printed 1 month highs this week, helped by the US-China trade truce, a dip in Australia's unemployment rate and the Brexit deal bounce in risk appetite. Next week's calendar may help AUD extend its gains. Deal or...
A 'phase one' US-China trade deal is on the cards by mid-November. Trump has shown willingness to compromise and we raise the probability of a bigger deal ahead of the 2020 election to 50% (from 40% previously). While...
Dallas Fed President Robert Kaplan said that the US is not yet heading into a "full-fledged rate cutting cycle". He said "the debate we are having around the table is, there is a risk that slowing global growth and...
Sterling remains steady today as traders are all holding their bets ahead of tomorrow's crucial vote on the new Brexit withdrawal agreement. Canadian Dollar follows as second weakest as oil price recovery cannot gather momentum. On the other hand,...
In the previous week, oil prices had ended a three-week losing streak but there was no immediate bullish follow-through as this week got underway. But oil prices have pared their weekly losses, with both Brent and WTI rising noticeably...
Canadians will head to the polls on Monday to vote in a federal election and the race between incumbent Prime Minister Justin Trudeau and Conservative challenger Andrew Scheer could not be tighter. Voters have only failed to re-elect an...
Sterling remains steady today as traders are all holding their bets ahead of tomorrow's crucial vote on the new Brexit withdrawal agreement. UK Prime Minister Boris Johnson will hold a cabinet meeting at 1500GMT in Downing Street today, in...
USDCAD is testing a long-term support trendline drawn from the 2017 trough after repeatedly failing to beat the tough wall around 1.3340. The bearish bias is still intact given the falling MACD and the negative direction in the RSI...
The Best Time To Short Sterling? The devil is in details and Boris Johnson is only trumpeting immature success. The reality is that the current deal is only marginally better than the old deal—if that. This agreement could have been...
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