Trade Concerns Continue to Dominate Market SentimentMay 21, 2018 - By Nick Twidale
We are set to see equity markets open strongly in Asia this morning after the US and China came to an agreement which has essentially ‘put the Trade War on hold’ according to US Treasury Secretary Steven Mnuchin. The US has agreed to hold off putting tariffs on Chinese goods for now and China has agreed to buy significantly more goods from the US, which will of course assist in reducing the US’s trade deficit. Although this solution does appear to be a step in the right direction from the markets point of view, investors will need to see proof that the practical aspect of the agreement (i.e. Chinese purchasing of US good increasing) is working, before concerns about global growth recede significantly.
ECB Disappoints Euro Bulls – Dollar Grinds HigherApr 27, 2018 - By Nick Twidale
The dollar continued in its recent bullish trend overnight with the Dollar Index hitting new fresh highs above 91.50, this was helped by the Euro taking another step to the downside as the ECB failed to talk of moves to normalisation and Mario Draghi said momentum had softened in the first quarter of the year.
Dollar Gains as Trump Signs Tariffs, BOJ and Non Farms Payrolls TodayMar 9, 2018 - By Nick Twidale
The US dollar had a strong day yesterday as two major risk events combined to help it drive higher against all the other major currencies with the exception of the Cad. The main reason for the strong rally was President Trumps signing of the tariff proclamation on imported Steel and Aluminium with a crucial caveat that close neighbours Canada and Mexico were excluded.
Markets Steady Ahead of ECBMar 8, 2018 - By Nick Twidale
The markets were actually fairly calm yesterday after wearing the early storm from Gary Cohn’s resignation, White House officials helped steady the ship during the US session by suggesting that there are actually possible exemptions for certain countries with Canada and Mexico topping the list.
Dollar Sentiment Changing at LastFeb 5, 2018 - By Nick Twidale
We saw another good print for the Non Farm Payrolls on Friday night as the headline figure came out 20k better than expectations at 200k.