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Special Report – The “winners” and the losers of a potential trade war

Posted on March 9, 2018 at 1:52 pm GMT

Talks of a trade war have been dominating headlines in recent days, with investors being spooked that the latest US tariffs could spark retaliation from other major economies. The “good news” is that recent price action has given us a taste of what to expect in financial markets should the situation escalate from here. Blink and you missed it. That is how quickly trade-related headlines have been hitting the wires recently, and how sharply markets have been responding to them. [..]

US Open Preview – Dollar enjoys support from risk appetite ahead of NFP report; European stocks weaker

Posted on March 9, 2018 at 12:37 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt the US’ close trade allies Canada and Mexico from hefty import tariffs on steel and aluminum yesterday, while leaving the door open to other countries, and the announcement that he has accepted the invitation to meet the North Korean leader, Kim Yong Un, continued to support the dollar during the European trading session. The dollar index retained its gains from yesterday, last trading at 90.24 (+0.07%), whilst dollar/yen was enjoying gains at 106.77 (+0.54%) ahead of [..]

European Open Preview – Yen falls as possible US-North Korea talks spur risk appetite; US jobs report firmly in focus

Posted on March 9, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The yen was recording significant losses versus other major currencies on the back of elevated risk sentiment spurred by a possible meeting between US President Donald Trump and North Korea’s Kim Jong Un. STOCKS: US markets closed higher on Thursday, as the imposition of “watered down” US tariffs amplified expectations that the tensions will not escalate into a trade war, but may instead remain relatively contained. The S&P 500 led the [..]

US Open Preview – Dollar waits for tariff ceremony; European stocks inch up ahead of ECB rate decision

Posted on March 8, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index found the opportunity to crawl up to 89.81 (+0.19%) and dollar/yen climbed to 106.13 (+0.08%) in early European afternoon as investors were waiting for more details on Trump’s import tariffs and were particularly eager to hear if any countries would get exemptions. Euro/dollar traded lower at 1.2370 (-0.34%) ahead of the ECB rate announcement where any clues on the ECB’s plans to change its forward guidance on monetary policy could [..]

European Open Preview – Dollar recovers from 2-week low as trade concerns ease; ECB decision looms

Posted on March 8, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies after recovering somewhat from a two-week low hit on Wednesday. The recovery came on the back of abating worries over a trade war occurring, as well as optimism on the strength of the US labor market. STOCKS: US markets traded in a turbulent manner yesterday. They opened lower on trade concerns following Gary Cohn’s resignation, but managed to recover most of [..]

US Open Preview – EU warns of retaliation to US tariffs, BoC rate decision pending

Posted on March 7, 2018 at 12:49 pm GMT

Here are the latest developments in global markets: FOREX: The resignation of Trump’s economic adviser and free-trade advocate, Gary Cohn, late yesterday, spurred speculations that the President’s plans to impose hefty import tariffs on aluminum and steel were more likely than analysts previously thought. The dollar index touched a fresh two-week low at 89.40 (-0.14%) and dollar/yen continued to trade near 16-month lows reached yesterday, last seen at 105.46 (-0.46%). Pound/dollar extended losses to reach 1.3858 (-0.17%) after the EU’s Brexit guidelines stated that a future trade deal [..]

European Open Preview – Dollar falls as trade war fears rise; Bank of Canada decision eyed

Posted on March 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close higher yesterday, with the Nasdaq Composite gaining 0.6%, the S&P 500 climbing 0.3%, and the Dow Jones rising, though only marginally so. However, a few [..]

US Open Preview – Dollar climbs as North Korea considers denuclearization; European stocks rise further

Posted on March 6, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen rallied significantly towards 106.34 (+0.13%) during early European afternoon, reversing earlier losses on news that North Korea was willing to begin negotiations with the US and abandon its nuclear program if regime’s safety is guaranteed according to South Korean officials. Sources also stated that the South and North Korean leaders will meet for a summit at the end of April along the border. The dollar index, though, dived to 89.72 (-0.45%) [..]

European Open Preview – Dollar little changed as equities rebound; trade considerations still in focus

Posted on March 6, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was slightly down on Tuesday after gaining less than 0.2% on Monday, in an environment where concerns for a trade war following the Trump administration’s decision to impose tariffs on imported steel and aluminum were easing. STOCKS: US markets closed markedly higher yesterday, recovering some of their latest losses, as concerns over a potential trade war receded somewhat. The gains came after US House Speaker Paul Ryan urged [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

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