Germany went out of the soccer World Cup in the first round for the first time in 80 years, busting many a bracket, including the UBS analysis which gave the defending champions a 90% chance of emerging from the group stage, and a 24% chance of retaining their title...
Turkish elections of Sunday closed as widely expected with a majority of 53% for President Tayyip Erdogan AK party, out of a 99% counting. Erdogan’s main opponent, Muharram Ince from Republican People’s Party gained 31% of the votes, remaining the second largest political party of the country...
Tensions escalated another notch over the weekend as the Trump administration undertook new retaliatory measures against China...
Tensions escalated another notch over the weekend as the Trump administration undertook new retaliatory measures against China...
Today in Vienna, OPEC and non-OPEC oil producers will discuss ramping up oil production. The stars seem to be aligned: discord with Iran has eased, while Russian and Saudi Arabia are supporting the move. Accordingly, the market reacted, as Brent and West Texas Intermediate (WTI) fell by -2...
The World Cup is on, it’s sunny and it’s Friday. Don’t expect a lot of action in equities or in Forex. Still, markets have a lot going on in the background. Yesterday saw a profit warning from Daimler – highlighting the risk of a US-China-EU trade war...
As commercial tensions between US and China continue to strengthen due to additional USD 200 billion tariffs (total stated: USD 450 billion), worries from investors in Asian equities have led the Asian market into turmoil. Indeed, the Shanghai Composite Index fell by -3...
Canada has become the first developed nation to legalize Cannabis! On Tuesday the Canadian Senate passed Bill C-45, the Cannabis Act, which was already approved by the House of Common and so will become law. Canadians will be able to purchase and use cannabis legally as early as September 2018...
(19 JUNE 2018)DAILY MARKET BRIEF 2:Italy’s trade balance drops in April as further uncertainty looms
Under strong uncertainties with regard to recently formed coalition of both the League and the 5 Star movement at that time, Italy’s April trade balance strongly decreased, given at EUR 2’938 million (prior: EUR 4’531 million), due to a strong increase in imports (+0...
On Thursday, the SNB will meet to broadcast their monetary policy strategy. In the light of higher domestic inflation, ECB “normalization” signal and mounting political risk in Europe, this generally sleepy meeting should get additional attention...
Andrew Barnett: LTG GoldRock https://www.ltggoldrock.com/todays-key-market-drivers-18th-june-2018/ "US China trade tensions continue to keep markets on edge." The Aussie Dollar is toast...
The US dollar started the days off to wheel as investors cheered the successful conclusion of the Trump-Kim summit. During the Asian session, the dollar index bounced to 93.89 as the single currency fell as low as 1.1741, USD/JPY rose to 110.49 and USD/CHF hit 0.9884...
On the surface, risk is building, yet underneath, volatility continues to compress. The VIX volatility index at 12.33 is at levels not seen since January. Financial markets are less concerned about geopolitical hype and more focused on fundamentals...
The European Central Bank meeting next Thursday will indicate the end of asset purchases. Council members say that if inflation remains stable, bond buying should be taper. We think that markets are focused on the pure economic data...
Global equities took a hit on the last trading day of the week as investors reallocates their portfolio toward less risky assets. The move was similar in the FX market with the US dollar extending gains against most of its peers, with the exception of the Japanese yen (up 0...
In a surprise move Switzerland consumer price inflation rose higher then forecasts. The move will certain triggers speculation of quicker normalization of extreme policy. Swiss May CPI came in at 0.4% m/m vs. 0.3% m/m exp (1.0% y/y vs. 0.9% y/y) while core CPI climbed 0.1% m/m and 0.4% y/y...
The single currency extended gains on Wednesday with EUR/USD finally breaking the 1.1745 resistance to the upside and EUR/CHF climbing towards 1.16...
