Tue, Sep 22, 2020 @ 14:11 GMT
Tuesday May 7: Five things the markets are talking about Global equities were mixed overnight as a slew of trade headlines continued to batter markets. U.S Treasury yields have managed to back up a tad while the U.S dollar confines...
Personal income advanced by 0.6% month-on-month in February, above market expectations (+0.4%). Subtracting inflation and taxes, real disposable income growth was also strong, rising by 0.4% in the month. According to the Bureau of Economic Analysis, the rise...
European Commission Vice-President Jyrki Katainen complained that the prospects of British candidates getting into European Parliament just months ahead of Brexit creates a "messy" situation. He said "the UK has been given a deadline (to leave the EU) which...
UK PMI Manufacturing rose to 51.9 in February, up from 50.0, beat expectation of 49.7. That's also the highest level in 10 months. PMI Services, however, dropped to 53.3, down from 53.9, missed expectation of 53.4. PMI Composite was...
Pound Jumps as US 10-year yield drops On Wednesday, the pair is trading at 1.3202, down 0.27% on the day. The British pound roared on Tuesday, as the US dollar was the pound’s punching bag for the day. GBP/USD jumped...
Payrolls rose 157,000 in July, while gains in May and June were revised up. Along with a pickup in wages and lower unemployment, the labor market continues to strengthen and supports the Fed's plan to hike next month. Revisions Take...
Australia NAB Business Confidence dropped to 0 in September, down from 1. On the other hand, Business Conditions improved to 2, up from 1. Looking at some details, Trading Condition rose from 3 to 4. Profitability Condition rose from...
The European Central Bank (ECB) will announce its policy decision at 12:45 GMT on Thursday and even though markets have fully priced in a 10 basis-points rate cut, economists disagree. Indeed, with the central bank nearly out of ammunition...
DOW tumbled sharply overnight by -1861.82 pts or -6.90% to close at 25128.17, near to day low. A short term top was formed at 27580.21 without a doubt. Our preferred view is that rebound from 18213.65 is the second...
Bloomberg reported that a Chinese deputy ministerial delegation is traveling to Washington on Monday to start preparation for the meeting between Vice Premier Liu He and US Trade Representative Robert Lighthizer on January 30-31. The delegation include Vice Commerce Minister...
The US 500 cash index has been developing within a narrow range over the last two weeks with upper boundary the 38.2% Fibonacci retracement level of the down leg from 3,396.64 to 2,173.95 at 2,646 and lower boundary the 2,440...
China stepped up its rhetoric against US threat of tariffs through an English editorial in the official China Daily. There it warned that "faced with this heightened intimidation from the US, China has no choice but to fight back...
The Reserve Bank of Australia (RBA) meets this week at the September Interest Rate Decision meeting. At the meeting in August, the RBA left rates unchanged at 0.25%. However, the Central Bank decided to start buying 3-year bonds, something...
Trump confirmed his intention to escalate tariff war with EU. In a tweet, he echoed the USTR statement that WTO found EU subsidies to Airbus has "adversely impacted" the US. He also blamed that "EU has taken advantage of the...
Minneapolis Fed President Neel Kashkari said the US economy is "fundamentally healthy". While "we at the Fed cannot control if Europe has a crisis, or if China has a hard landing", "we can control our own mistakes". He added that...
Retail Sales out of the US and CPI out of Canada were released earlier today, and both were big misses. Question: Who do most economists say is the driver’s seat of the US economy? Answer: The US Consumer “Don’t bet against the...
BoJ announced further enhancement on monetary easing after shortening the two-day meeting to just three hours. Short term interest rate is held at -0.1%. Meanwhile, BoJ will purchase JGBs to and T-bills "without setting an upper-limit" to keep 10-year...
The pair bounces above 107 on Monday after last week's fall was strongly rejected at 106.63 on Friday and failed to close below cracked Fibo support at 106.87 (61.8% of 106.07/108.16). The action is supported by rising bullish momentum...
The political turmoil in Italy is now solved, at least in the near term, after a week of roller coaster ride. The anti-establishment 5-Star Movement and eurosceptic League agreed to form a political government again, averting a re-election. Law...
It's been an interesting start to the week in financial markets, with the usual themes continuing to dominate. There's a huge question mark hanging over the stock market recovery , with investors seemingly not currently pricing in the prospect of...
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