Wed, Oct 16, 2019 @ 04:35 GMT
Fed's dot plot indicates two rates hike next year, down from three Bank of England to hold rates steady amid Brexit drama EU and Italy find common ground on budget plan Fed not as dovish as expected Shares in the...
Canadian Foreign Minister Chrystia Freeland will fly to Washington on Tuesday to continue NAFTA negotiations. Her spokesman Adam Austen said she will be there on Tuesday and Wednesday. And he added that "we've said all along we are ready...
USD – Powell in no hurry to change policy Trump – 2020 budget to request $8.6B for wall Oil – Saudi keeps on over-delivering on supply cuts Stocks – Dow taken lower by Boeing Gold – ETF outflows...
Friday June 15: Five things the markets are talking about This was always going to be a big week for capital markets and it has not disappointed. Bond prices continue to rally and global equities trade under pressure as Sino-U.S trade...
Markets firmed up their pricing that fed will stand pat throughout 2019 after yesterday's FOMC statement that adopted the "patience" language. Fed funds futures are pricing in 82.5% chance of federal funds rate staying at current 2.25-2.50% after December...
Key Highlights The Euro tested a major resistance area near 1.1740-50 against the US Dollar and declined. There is a major bullish trend line in place with support at 1.1620 on the 4-hours chart of EUR/USD. The US Gross...
The Swiss government announced today that they recommend business to continue to pursue ties despite US sanctions. Fabian Maienfisch of the State Secretariat for Economic Affairs said that "U.S. decisions on sanctions do not affect the legal situation in Switzerland...
BoJ board member Goushi Kataoka criticized the central bank's recent move to allow 10 year JGB yield to fluctuate in a larger range of -0.1% to 0.1%. He said in a speech that "there's no need to allow long-term interest...
Despite Friday’s sharp recovery on Wall Street, the new week has started with sharp falls for global equity markets, including US index futures, the yuan and other emerging market currencies. Once again, the common denominator behind all this is...
The US 500 stock index (cash) is eyeing the 3,000 mark again after the violation of the tough 2,940 resistance-turned-support level put the market back into the bullish game. Yet, traders could reduce buying exposures in the short-term as the...
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank almost certain to make no changes to its policy, price action will be dictated by any changes in the phrasing...
NZDUSD surged to a 7-week high of 0.7387 during today’s European session following the aggressive buying interest that started after the rebound on the 40-day simple moving average of 0.7240 last Friday. The technical indicators, though, are sending neutral...
New Zealand BusinessNZ manufacturing index rose 0.3 to 48.4 in August, indicating slightly slowing pace of contraction. However, the details are not too encouraging. The sub-index of new orders (45.6) dived further into decline, at its lowest point in...
Ifo institute maintains 2019 German growth forecast at 0.6%, but revised down 2020 growth forecasts by -0.1% to 1.7%. Private consumer pending is expected to drive the economy, rise 1.4% in 2019 and 1.3% in 2020. Investments are expected...
China's State Council release a "White Paper on China-US Economic and Trade Frictions and China's Position" today. This 36000 words paper consists of six sections, detailing the benefits of the bilateral trade, the economic and trade relations, US protectionism...
US Treasury announced that nine countries are put in the "monitoring list" on currency manipulation, but no major trading partner is named as manipulator. The nine countries include China, Germany, Ireland, Italy, Japan, Korea, Malaysia, Singapore, and Vietnam. That...
Richmond Federal Reserve President Thomas Barkin said in a speech that the "national economy appears great". Unemployment rate is at 50-year lows and GDP growth is solid. Consumers also "feel confident and are spending". However, "international economies are weaker",...
Australian Dollar remains the strongest one today as boosted by US-China trade war ceasefire. And it's still extending rally. RBA rate decision tomorrow is unlikely to alter the Aussie's path. Canadian Dollar follows as the second one on strong...
CPI likely rose a trend-like 0.2 percent in June amid steady gains in the core index. Consumers may have caught a little respite in travel costs last month, but solid demand and rising input costs point to inflation firming. Carrying...
Yen and Dollar are pressured for the whole day, and remain so in early US session. Risk appetite in Asian markets was boosted by optimism over US-China trade talks. There is hope that the meetings in Washington this week...
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