Tag: SGD

NFP – what to expect

Friday October 5: Five things the market is talking about The granddaddy of economic indicators – U.S non-farm payrolls (NFP) for September – will be released later this morning (8:30 am EDT) along with the Canadian jobs report. Today’s U.S number is ‘big,’ especially with this week’s aggressive backing up of the U.S yield curve. […]

ADP employment increased by 230,000 in September

Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody’s Analytics. Private companies added 230,000 more positions for the month, the best level since the 241,000 jobs added in February and well ahead of the […]

Turkey inflation surges to nearly 25%

Turkish inflation surged to nearly 25 percent in September from a year earlier, official data showed on Wednesday, hitting its highest in 15 years and sharpening focus on whether the central bank will be able to deliver another hefty rate hike. The size of the increase – prices jumped by 6.3 percent from a month […]

Italy: risk on, risk off?

Wednesday October 3: Five things the markets are talking about European markets have so far shrugged off losses in Asia to post gains this morning amid hopes that Italy’s budget deficit could be lowered, but concerns about the country’s debt and budget plans remain. The EUR (€1.1573) has rallied from yesterday’s six-week lows on hopes […]

Euro jumps as Italy revises budget plans

Euro jumps on Italy budget headline Italy is trying hard to convince the rest of Europe that its move to increase the deficit-to-GDP ratio to 2.4% in 2019 is only a temporary move. Today, the Italian press reported that the government aims to get it back down to 2% by 2021. This is contrary to […]

Boris Johnson challenges PM May on Brexit

Former British foreign minister Boris Johnson made what was seen as a blatant pitch to replace Prime Minister Theresa May as Conservative leader on Tuesday, damning her Brexit plans while calling for his party to regain its confidence. In a speech which delighted an audience at the Conservative Party conference, Johnson called for no new […]

Risk sentiment is shifting and headline-driven

Tuesday Oct 2: Five things the markets are talking about Capital markets are in a sombre mood as a number of reasons for caution come to the fore. Brexit rhetoric and the Italian government’s fiscal plans top the agenda, followed closely by trade deals and tariffs and political drama in Washington. Amid the risk-off mood […]

New Nafta supports loonie

Monday October 1: Five things the markets are talking about Canada’s loonie, the Mexican peso, along with North American stock futures have gained overnight after the U.S and Canada confirmed a deal to save the ‘old’ Nafta, now named USMCA – United States, Mexico, Canada agreement. In Asia, trading volumes were below normal overnight, with […]

USD is still very data-dependent , so it will be tricky to trade

For any follow-up, I’m contactable  on Reuters Messenger, via the BBG terminal or my mobile numbers USD is still very data-dependent, so it will be tricky to trade US Rates  The markets are pricing in a higher probability of the terminal rate over 3.5%, signalling a convincingly hawkish view from last week FOMC. Chair Powell’s […]

OANDA Market Insights podcast (episode 33)

OANDA Senior Market Analyst Alfonso Esparza reviews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: US Fed hike s rate, Italians stocks plunge, oil set to spike. OANDA Market Insights podcast (episode 33) Posted 7 minutes ago Emerging market currencies in focus Posted 6 hours […]