Jovana Pribic

The prospects of a trade war have increased due to the US tariffs on steel and aluminum. However, at the last minute, President Trump shifted and opened the door to exemptions, including for Canada and Mexico. Australia experiences a bilateral trade deficit with the US and cooperates in military matters, and may also be in […]

Forex today in Asia this Monday was mainly driven by the risk sentiment, with the Asian equities tracking their Wall Street counterparts higher, in the wake of disappointing US wage growth numbers. Therefore, we saw the USD/JPY reaching for a test of the 107 handle before coming under aggressive selling pressure, as uncertainty over the

The March Beige Book maintained that US economic growth continued at a modest to moderate pace, but some of the language regarding wage growth and prices have changed. The March report notes that wage and price pressures picked up between January and March in many districts, where employers have raised waged and expanded benefit packages

As it is known, U.S. President Donald Trump restated his attention to place big tariffs on imports of steel and aluminum, warning the European Union of the impact of ‘big tax’ for not treating the United States well in terms of trade. On his comment, the International Monetary Funds’ Managing Director, Christine Lagarde, said on

Yesterday we saw a bundle of news coming from Australia, where most traders were concentrating on the RBA and the decision regarding the cash rate. As the Reserve Bank of Australia decided to keep the rate unchanged at 1.50%, Aussie fell of daily high. In addition, the Australian retail sales rose less than expected, increasing

Growth in the UK service sector picked up pace and signaled the strongest rate of service sector output growth for four months, the latest report from Markit Economics showed yesterday. UK services PMI was up from 53.0 in January and better than forecasted (53.3) coming at 54.5. The business activity rose at the fastest pace

The Euro witnessed a mixed start to the week, initially having received a boost following the weekend’s German SPD’s vote in favor of the coalition deal. However, the upside was short-lived as sentiment soured on the Italian election’s projected outcome of a hung parliament, with both the anti-establishment 5-Star Movement and the far-right League party

The UK Markit PMI for manufacturing held a pleasant surprise despite the fact that it did not rise, but it held better than expected (55.1) coming at 55.2 down from 55.3. Still, it is the third consecutive decline and compares with the 56.9 average in Q4 17 and 55.9 average for all last year. The

February 2018 has proven to be one of the most volatile and tumultuous months for equity markets, witnessed in many years. The month has closed out with the largest fall in the main equity markets (DJIA and SPX), seen in two years. The February fall for the DJIA is -4.28%, the SPX has registered a