Tag: SGD

Mexico hits back with pork, bourbon tariffs

Mexico imposed wide-ranging tariffs on American products ranging from steel to pork and bourbon on Tuesday, responding to President Donald Trump’s metals tariffs and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s retaliation further raises trade tensions between the two countries, which have been echoed in dealings between Washington and […]

Dollar Moves Confined as Investors Look for Clues

Tuesday June 5: Five things the markets are talking about The risk rally remains afloat despite last week’s geopolitical concerns and pending global tariff fall out. Capital markets seem content to regroup after recent developments. However, with President Trump stepping up his aggressive trade policies and the ‘populists,’ who are poised to start, governing in […]

U.S. Factory Orders Fall

New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector. Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show […]

‘Bumpy road’ ahead of Korea summit

US Defence Secretary James Mattis has warned of a “bumpy road” to the negotiating table with Kim Jong-un, as nuclear talks with North Korea, tentatively scheduled for June 12, still appear to hang in the balance. He cautioned against high expectations, days after US President Donald Trump had announced that the previously cancelled meeting in […]

U.K PM Plans Trade Talks with Trump this week

The prime minister is planning further talks with US President Donald Trump about a looming trade war over steel and aluminium tariffs. Theresa May’s spokesman said on Monday that the two leaders would discuss the issue again later in the week. “The prime minister has discussed this with President Trump on a number of occasions […]

China warns US sanctions will void trade talks

China has warned that all trade talks between Beijing and Washington will be void if the US sets up trade sanctions. After talks between Vice Premier Liu He and US Commerce Secretary Wilbur Ross, China said it was ready to boost imports from many countries. Mr Ross’s China visit comes days after Washington threatened to […]

Dollar Dips on Trade Worries

Monday June 4: Five things the markets are talking about Last week, geopolitical events again captured the attention of capital markets even though critical economic data had been released. With political concerns about the eurozone having somewhat eased by week’s end – in Italy, nationalist parties finally took power, while in Spain, the Socialist led-opposition […]

Dollar Rises as US Jobs Outperform Despite Trade Fears

The US dollar is higher against major pairs on Friday after a strong US jobs report was published. The U.S. non farm payrolls (NFP) report showed the economy added 223,000 jobs last month driving the unemployment rate to a 18-year low of 3.8 percent. Wage growth surprised to the upside with a 0.3 percent gain […]

May Non-farm Payroll (NFP) by the Numbers

It’s another strong U.S employment report US Labor May Nonfarm Payrolls +223K; Consensus +190K US May Unemployment Rate 3.8%; Consensus 3.9% US May Average Hourly Earnings +0.3%, or +$0.08 to $26.92; Over Year +2.7% US May Private Sector Payrolls +218K and Government Payrolls +5K US May Average Workweek Unchanged at 34.5 Hours US May Labor-Force […]

Trade War On, but Non-farm Payroll (NFP) up next

Friday June 1: Five things the markets are talking about U.S fire the first shot in trade war Euro equities are looking to close out this wild week in the ‘black,’ a week in which Euro politics and escalating trade tensions have shook markets. U.S Treasuries have edged lower and the ‘big’ dollar trades somewhat […]