Tue, Oct 15, 2019 @ 06:13 GMT
A quick recap on the trade war developments. US announced the list of 1300 Chinese product lines included in the Section 301 tariff. Total of product value adds up to USD 50b. Products are broad based but technology related, centered...
Reactions to the US announce on Section 301 tariffs and China's retaliation tariffs so far: Hong Kong HSI closed down -2.19%. China SSE closed down -0.18%. However, note that the announcement of Chinese Ministry of Finance was done 30 mins...
Eurozone CPI accelerated to 1.4% yoy in March, up from 1.1%, and met expectation. Core CPI, however, was unchanged at 1.1% yoy, missing expectation of 1.1% yoy. Unemployment rate dropped to 8.5% in February, met expectation, and hit the...
Investors are likely to have breathed a sigh of relief after the US stock markets’ worst start to the second quarter since the 1929 Great Depression failed to encourage a widespread selloff across the global markets, as traders returned...
EURJPY remains under pressure in the medium-term and risk is still to the downside as prices continue to drift lower from the 137.50 strong resistance level. Over the last two months, the price has no clear tendency as it...
In a quick response to US Section 301 tariffs, China announced to impose additional tariffs of 25% on 106 US products. The total value of the products will add up to around USD 50b, matching the size of the...
AUDUSD has been creating a short-term bearish movement since the end of January when it challenged a more than 2 ½-year high of 0.8135, pausing this downtrend at 19-week lows of 0.7640 over the previous week. Also, the price...
Upcoming at 16:30 Beijing time, 0830 GMT, China's commerce and finance ministries will hold a press briefing regarding the US Section 301 tariffs. It believed that retaliatory measure will be announced during the briefing. China has pledged to take...
The US finally announced the list Chinese products to be tariffed in its Section 301 actions. China responded with strongly worded statement. But so far, market reactions are muted. After limited volatility, both Japan Nikkei and Hong Kong HSI...
China responded to the Section 301 tariff list quickly with a strongly worded statement through the Embassy in the US. China said it "strongly condemns and firmly opposes the unfounded Section 301 investigation and the proposed list of products and...
The Office of the United States Trade Representative finally released the list of products regarding the Section 301 tariffs against China. Market reactions are so far very muted. Nikkei opened with slight gain following 1.65% rebound in DOW overnight...
Key Highlights The Euro faced a lot of selling interest near 0.8780-90 against the British Pound and declined. There are two crucial bearish trend lines forming with resistance near 0.8770 on the 4-hours chart of EUR/GBP. The UK Manufacturing...
Australia retail sales rose 0.6% mom in February, beating expectation of 0.3%. But building approvals dropped -6.2% mom, worse than expectation of 54.5. AUD is responding well to easing of risk aversion. But it's not totally out of the dark...
Crude oil prices climbed higher for the second consecutive day as a report showing unexpected expected decline in US inventory. Meanwhile, Russia pledged that it would fully comply with the output cut deal this month. However, caution is advised...
What a difference a day makes, 24 little hours US equity markets, at least for today, put tech sector regulation and the fear of an escalating trade war behind them. Investors were in buy the dip mode but unwound Monday’s...
Wednesday’s economic calendar might bring somewhat positive news to the European Central Bank, with figures on Eurozone’s inflation and unemployment rate bringing policy normalization closer in sight. Preliminary consumer prices for the month of March will attract the most attention...
USD/CAD's selloff accelerates as the US session goes on, as supported by NAFTA news. The break of 1.2814 support now raise the chance of a head and shoulder top reversal pattern. (ls: 1.3000; h: 1.3124; rs: 1.2942). But for...
The UK will see the release of March PMI figures for the construction and services sectors on Wednesday and Thursday respectively, both at 0830 GMT. The figures, especially the one for the dominant-for-the-UK-economy services sector, have the capacity to...
Both CAD and USD seem to be lifted by news regarding NAFTA as American traders get up in the morning. Bloomberg reported, citing unnamed sources, that Trump is pushing for a preliminary NAFTA deal to be announced next week....
EUR/USD finally breaks 1.2285 support with some momentum in early US session. That could be seen as a sign that the forex traders are finally back from holiday, and starting to commit on a position. Events earlier today were...
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