Trade talk optimism, trade pessimism, drove markets up and down last week. In the end, Presidents of US and China decided to give markets some lip service and boosted stocks towards weekly close. Words, rather than substance, are enough to make investors happy. Yen and Swiss Franc ended as the weakest ones on late rally…
Trade talks end on an upbeat note The high-level trade talks in Washington this week were a litmus test of the ability of US and China to make a deal. It was time to put the tough questions on the table regarding intellectual property rights, forced technology transfer, industrial policy and non-tariff barriers. However, the…
Liu He heading big delegation for decisive trade talks in the US After a long period of mostly positive comments on the trade talks, this week we saw more mixed signals . Commerce Secretary Wilbur Ross said to CNBC on 24 January that the US and China were ‘M iles and miles’ away from a…
Risk sentiments continued to recover last week as Fed officials indicated they would be patient before making the next rate move. Positive developments of US-China trade talks also helped. One notable development was the rebound in US treasury yields as 10-year yield reclaimed 2.7 while 30-year yield is back above 3.0. Japan 10-year JGB yield…
Sentiments Saved as Fed Powell Turned Cautious, China Stepped Up Supporting Measures There were big roller coaster rides in the financial markets last week. Apple’s sales outlook downgrade heightened the concerns over serious slowdown in the Chinese economy. There was the “Currency Flash Crash” which sent through all key technical resistance levels while Australian Dollar…
China’s Monetary Policy Outlook in 2019 – Easing While Refusing to Admit So Ongoing trade war with the US is accelerating the slowdown in growth in China. As such, the monetary policy adopted by PBOC would continue to be accommodative. Echoing the rhetoric of the annual Central Economic Work Conference, PBOC affirmed that its policy…
It was only a few weeks ago that there was nearly a universal agreement among analysts that the Federal Open Market Committee (FOMC) would hike rates at its December 19 monetary policy meeting. But softer-than-expected data in recent weeks and volatility in financial markets led some analysts to expect that the FOMC might refrain from…
Sterling and Brexit was the center of focus during the early part of last week. The parliament vote on Brexit was postponed to at least January. UK Prime Minister Theresa May survived leadership challenge but her position is shaky with more than one-third of her MPS voted against her. The visit to EU was seen…
Trump sees ‘good possibility that a deal can be made It’s finally crunch time for Donald Trump and Xi Jinping as they face off at the dinner scheduled for Saturday evening after the G20 gathering. While signals from Trump have been mixed over the past week, the latest message before he left for Buenos Aires…
Dollar Higher but Trump-Xi Meeting is a Wild Card Last week with multiple theme happening at the same time. Swiss Franc ended as the strongest on risk aversion. Oil’s free fall could be that extra lift the the Franc. Dollar ended as the second strongest, but that’s mainly due to relatively smaller problems in the…
Subscribe to receive all news and offers
The Company
Partnership
IB Program
Money Managers
Regional Program
Become A Partners
