Tag: CNH

Fed Powell advances the dollar

Wednesday July 18: Five things the markets are talking about U.S assets get another leg up from rookie Fed Chair Jerome Powell who again expressed optimism over the U.S’s economic growth and stable inflation, telling Congress yesterday that domestic data should keep the central bank on track to raise “gradually” short-term interest rates. However, as […]

PM May faces Brexit battle in parliament on trade

British Prime Minister Theresa May faces a battle over trade in parliament on Tuesday, with pro-EU lawmakers hoping to influence her plans to leave the European Union a day after she bowed to demands from Brexit campaigners. May’s vulnerability in parliament, where she lost her Conservative Party’s majority in an ill-judged election last year, was […]

Canada: Monthly survey of manufacturing, May 2018

Manufacturing sales increased 1.4% to $57.1 billion in May, following a 1.1% decline in April. Sales rose in 14 of 21 industries, representing 64% of total manufacturing sales. The chemical, machinery, and wood product industries accounted for most of the gains in May. The transportation equipment industry posted the largest decline. In constant dollars, manufacturing […]

Monday blues or Dog days of summer

Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed to inspire investors. And we might chalk it up to a typical summer afternoon NY […]

Chinese Economic Cool Downs Ahead of Trade War Impact

China’s huge economy is cooling just as trade tensions with the United States are heating up. The world’s second-biggest economy grew by 6.7% in the second quarter of the year. That was slightly lower than the previous quarter and is China’s slowest rate of quarterly growth in almost two years. The official figures released Monday […]

Markets underpricing China risk( OANDA Trading Podcast BFM Kuala Lumpur 89.9)

Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore Stephen reckons markets are “seriously underpricing economic risk in China”. Economists suspect the direct impact from the two sets of US tariffs aimed at Beijing could drag China’s GDP down by 0.3 percentage points in the longer run. Stephen also shares some insights on how China […]

Trade ,earnings ,teapots and the US dollar

Trade, earnings, teapots and the US dollar Strong domestic growth and on-target core inflation continue to suggest the US economy is in that happy place,  but this week’s US economic data will begin to shape market expectations for Q2. And equally significant will be Fed Chair Powell’s semi-annual monetary policy testimony before the Senate Banking […]

Trade War and Trump European Trip Boost US Dollar

The US dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from US President Donald Trump during the week sparked a rally of USD buying. Trump has been outspoken on NATO, trade and the Brexit deal while economic indicators and the US […]

Chinese Firms Exported More to US Ahead of Tariffs

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in […]