After a brief flirtation with “normalization” global central banks are now decidedly dovish. Likely to re-embark on a global easing cycle, starting with FOMC July 31st meeting...
The free fall in GBP is difficult to ignore as GBP/USD and GBP/CHF pairs are trading at early 2017 ranges while the situation in GBP/JPY is less rosy as the pair trades at late 2016 levels, confirming that GBP weakness is heavily skewed towards Brexit headlines, while upside moves are particularl...
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Despite a rate cut from the RBA at the beginning of the month July, the Australian dollar reversed momentum following Jerome Powell testimony before the Congress. In fact, G10 commodity currencies outperformed their peers since then with the Kiwi, the Aussie and the NOK rising 1.83%, 1.46% and 1...
Optimistic outlook took a hit today as China's economic growth showed to have slowed to 6.2% y/y in 2Q from 6.4% y/y in 1Q. This was the slowed pace in 27 years (1992). Markets took a bit of comfort in China's decent retail sales, capital spending, and industrial production data...
There seems to be certain market contradictions happening right now after Chinese data beat estimates this morning. Asian equities are in green territory, with Hong Kong Hang Seng, China mainland CSI 300 and Nikkei 225 rising up to +0.29%, +0.41% and +0...
Driven by expectations for rate cuts following dovish testimony to Congress from Federal Reserve Chair Jay Powell, the S&P 500 is at a record high...
The US dollar fell for a third straight day on Friday. The effects of Fed Chair Powell testimony before the Congress on Wednesday continued to be felt. Amongst the G10 complex, the buck felt the most against commodity currencies such as the Aussie (-0.36%), the Kiwi (-0.35%) and the Loonie (-0...
The world was watching Fed Chair Powells appearance before congress. By all accounts, Powell provided a clear signal for an imminent reduction of the Feds fund rate. The USD reacted by losing value against all G10 currencies...
On Wednesday, the US dollar consolidated recent gains ahead of a speech by Fed Chair Powell before the House of Representatives. The dollar index stabilised around 97.48, trading flat on the session. The single currency stayed above the 1...
Market participants will likely take some time to consider the global impact of Saturday’s headline relating to the dismissal of Turkish Central Bank Governor Murat Cetinkaya, in office since April 2016...
European markets have walked into Asian equity markets in the red. Fridays strong, US labor reports has put speculation of a 50bp Fed cut in July on hold. The market had fully priced in a 25bp cut this month but talk of additional easing has slowed...
Japan's Government Pension Investment Fund (GPIF), the world's biggest pension fund, invests heavily in green bonds...
Despite a setback in May, the S&P 500 is up nearly 20% year-to-date heading into the July 4 holiday. After notching up all-time highs on both Monday and Tuesday, the index closed Wednesday's shortened trading session at a new record of 2,996 points...
