Tag: APAC Market Corner

For the USD , it’s all about this week’s CPI.

For the USD, it’s all about this week’s CPI. Markets dismissed the opening salvo of the  US -Sino trade war as dated news. However, after another Goldilocks NFP,  US stock markets traded positively in the green while the US dollar bears begrudgingly came out of hibernation after US  bond market yields knee-jerked lower. The NFP […]

The trade war is finally upon us

The trade war is finally upon us Traders returned from the 4th of July holiday with few if any convictions ahead of President Trump’s first tariffs that are scheduled to hit $34 billion of Chinese imports later today and Beijing plans to respond with levies on an equal amount of goods swiftly. The Trump administrations […]

Big Trouble in Big China ?

Big Trouble in Big China? A very typical July 4th with a whole lot of nothing going on due to the US holiday and prices virtually stopped dead in their track once NY took over the trading books from London. But this sense of calm belies the nervous undercurrent of unease as traders continue to […]

The Yuan airbrake

The Yuan airbrake Thankfully for regional risk, the PBoC engaged the Yuan airbrake yesterday afternoon and at least for the time being, with the help of Chinese state-owned banks who were seen selling dollars to prop up the Chinese currency, is restoring a sense of calm in regional markets. China remains at the epicentre of […]

Risk is in the air

Risk is in the air Despite global risk mounting with hurdles abound, US equity markets managed to eek out small wins after spending most of the session struggling in the red. The major indexes struggled to find traction as the ongoing slowdown in global growth data, escalating trade war rhetoric, and a nervy Brexit meeting […]

Confusion reigns supreme

Confusion reigns supreme Uncertainty and confusion around trade war are slowly but surely leading the markets down the road to financial horror. Global equity markets continue to fray at the edges on the streams of negative headlines and none more so damning than a report from a Chinese government think tank. The leaked note warned […]

Apple pie and Harley Davidson

Apple pie and Harley Davidson US equity markets are slightly higher as Trade worries subsided despite a volley of tweets from President Trump threatening Harley Davidson’s with import taxes on any motorbikes built in Thailand. And the  US dollar reasserted itself as the dollar bulls ran wild in the china shop overnight. While oil prices […]

Not out of the weeds yet

Not out of the weeds yet After yet another Monday morning equity meltdown in Asia and an equally poor showing across global equity markets. President Trump’s lieutenants Mnuchin & Navarro issued an unequivocal denial the  US is considering investment restriction on China.  US equity markets have subsequently bounced off session lows were the S&P was […]

Risk barometer in the red (OANDA Podcast)

Stephen Innes, Head of Trading in the Asia Pacific, OANDA, Singapore Stephen analyzes how Recep Tayyip Erdogan’s triumph in the Turkish presidential elections could affect the lira, and how OPEC’s latest production deal could impact the ringgit. BFM Radio Kuala Lumpur

No rest for the weary

No rest for the weary No rest for weary as the markets will get bombarded by events risk from virtually every angle this week. Trade war, elections, US data, Fedspeak, Eurozone inflation and the Bank of Canada (BoC)Business Outlook Survey all wrapped up in month end portfolio rebalance to add more confusion to the fray. […]