After the tweet that was sent yesterday by US President Trump, vowing to impede the missile system in Syria that Russia has in place, the tension and fear of ‘cold war’ now between the US and Russia have escalated. On this note, Trump caught most of his aides’ off-guard on Wednesday by his tweet that […]
With gains of more than 5% against the US dollar, GBP has been one of the best performing this year. After the Brexit-referendum vote, sterling has been trading round 1.4346 in late January and currently it is trading around 1.4200. Further encouragement has been provided by the expectations of BoE raising the interest rates in
As several reports have pointed out the weak start of the year, there has been cautious confidence expressed by the ECB top officials. On Monday we have witnessed signals from President Mario Draghi and his senior colleagues regarding the inflation and its low levels, as well as the new threat of the global trade row.
According to the Chinese President, Xi, a dialogue between the two parties would be the best way to resolve the ongoing disputes. He strongly believes that ‘cold war’ is out of place and opening pup can lead towards progress. While speaking at the Boao Forum, President Xi has expressed a soft stance on the trade
China-US trade war topic still in the agenda; US PPI will be closely watched today Read More »
The market perception of risk across countries has improved over the past year, according to Philippe Dauba-Paanacce, Senior Economist at Standard Chartered. The improvement reflects ‘market-friendly’ outcomes of disruptive elections that were seen as potentially disruptive, along with improving global growth. The analysis conducted on 5Y CDS (relative 5Y CDS spread movements provide a gauge
Forex yesterday was driven by holiday-thinned trades, hence a typical holiday-quiet Asian session was witnessed and left most majors at the mercy of the risk trends and irregular volatility. On the macroeconomic data front, downbeat Japanese Tankan manufacturing and non-manufacturing surveys added to the weight of Yen, while an unexpected drop in Chinese Caixin manufacturing
Another Non-Farm Payrolls Friday looms ahead following Easter weekend Read More »
This week’s US data is expected to continue pointing towards a strong economic picture according to analysts at Nomura. Regarding the nonfarm payrolls (NFP), Nomura analysts are looking for a 115k gain on the heels of a weather-related 313k surge in February. Despite the low March forecast, the expected monthly NFP gains may reach an
The US and Korea managed to strike an important agreement this week and many recognize it as the first success of President Trump’s trade strategy and a turning point in general. The agreement is being offered as an innovative and a visionary development. Far from new, the US trade thrust is seen as a return
The Bank of England has provided some highlights update on the regulatory approach to preparations for EU withdrawal, released yesterday. Namely, BoE presumes that there will continue to be a high degree of supervisory cooperation between UK and EU post-Brexit and believes it will be difficult for all financial institutions to complete all of steps
With the new tariffs and fears of a trade war, after Trump allegedly intends to impose 25% import duty on 60bn worth of imports from China, markets are being shaken again after a short recess. Given how Trump has internalized the development in S&P500 during his presidential reign, we still judge that his appetite for
