Tag: US Unemployment Claims

The sky hasn’t fallen just yet

Trade War Escalates, but the sky hasn’t fallen just yet as optimism crept back into the market on reports of fresh bilateral trade negotiations between China and the US coupled with a slightly firmer RMB scrim. “Where there is a will, there is a way”. But when it comes to backroom negotiations, one can only […]

A tenuous and unstable state of affairs

A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality. But the most damning signal is that dialogue between the […]

When the going gets tough, the tough get going

When the going gets tough, the tough get going U.S. stocks are trading off their intraday highs late in the NY session weighed down by financials profit-taking ahead of the deluge of bank earnings reports on Friday, robust US economic data had temporarily overshadowed fears over global trade disputes. That was until a late NY […]

All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next […]

Trade war -will cooler heads prevail ?( OANDA Trading Podcast with BFM Radio KL )

Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore On July 6, the US imposed a 25% import tariff on US$34 billion worth of Chinese goods. China has since retaliated, and accused the US of igniting ‘the largest trade war in economic history’. Stephen comments on how trade tensions are affecting market sentiment, versus the economic […]

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 […]

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 […]

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. […]

USD/CAD – Canadian Dollar Steady as Markets Await Fed Rate Hike

The Canadian dollar is subdued in the Wednesday session. Currently, USD/CAD is trading at 1.3019, up 0.03% on the day. On the release front, there are no Canadian events. PPI is expected to rise to 0.3% and Core PPI is forecast to remain pegged at 0.2%. The Federal Reserve is expected to raise the benchmark […]