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The euro has been seeing downward pressure against the greenback since the beginning of this month: (Source: Investing.com) While the Federal Reserve has recently cut rates - the indications are that the central bank is ruling out any further rate cuts for the time being - encouraging emp...
Overview: Global capital markets are calm as investors look for a new catalyst. The MSCI Asia Pacific Index snapped back after posting its first back-to-back decline in a month. All the equity markets were higher, but Australia. The Nikkei, Kospi, and Taiex led the advance with about a 0.8% ...
Macro News Global: In the past few weeks, we have seen that the reversal in central banks' monetary policy since the beginning of the year in addition to the light Chinese credit stimulus has started to have a small positive impact on the global economy. Global manufacturing PMI is still...
Overview: Escalating violence in Hong Kong and the continued fall in Chinese producer prices weighed on equities in Asia Pacific trading. The MSCI Asia Pacific Index has risen nearly 7% during the five-week rally and is off to a weak start this week. Hong Kong's Hang Seng fell around 2.6%, i...
The dollar index has been making higher lows and higher highs since February 2018 when it found a bottom at 88.15. It took one year and one month for the index to drop like a stone from a high at 103.815 in January 2017. The dollar index measures the value of the US currency against other le...
The US Dollar Index (USDX) is practically the most widely used measure of the strength of the US dollar. Investors and traders usually refer to the Dollar Index when they want to know how the dollar is doing. The Dollar Index is also the basis of some derivatives, and traders can hedge on the ...
The US dollar had a solid week as the recovery from the October slide began. We had a high conviction it was coming, but we thought the technical indicators gave scope for one more marginal new low, which in the end did not materialize. It is difficult to say that there had been much new inf...
By Chris Turner, Global Head of Strategy and Head of EMEA and LATAM Research The dollar had its worst month of the year in October, selling off by close to 2%. It is tempting to call this the top, but even if it is, the case for a higher EUR/USD is not particularly strong right now ...
Overview The capital markets are consolidating the recent moves ahead of the weekend. Equities are paring this week's gains, though the Nikkei, which was closed on Monday, extended its advance for the fourth consecutive session. Despite the profit-taking today, the MSCI Asia Pacific Index ro...
(Source: World Economic Forum) Christine Lagarde recently took the reins of the European Central Bank from its seven-year leader Mario Draghi. Like Draghi, Lagarde appears to have an extremely dovish stance when it comes to monetary policy. Though she has yet to make any policy decisions, ...