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Overview: Equities in Europe and the US look to extend their six-week rally, while the MSCI Asia Pacific Index gets back on the winning way after stumbling last week. Despite the escalation of the conflict in Hong Kong, the Hang Seng rose 1.35% to lead the region and recoup a chunk of last w...
By Evan Peterson At a Glance The financial industry is watching what Brexit will mean for London, a major center for derivatives and swaps markets New York has surpassed London in the index of top global financial centers London has for decades been recognized as one of the ...
The euro seems to have established a new, short-to-medium trading range against the U.S. dollar, in the vicinity of 1.0880 to 1.1170. The chart below delineates this range with the shaded area. The horizontal red line is set at 1.1025, being the midpoint of this range. (Chart created by the...
The US dollar was little changed for most of last week and then weakened against most of the major currencies ahead of the weekend. The consensus narrative is that comments by the US Administration fanned optimism on a trade agreement with China, and that encouraged a rally in risk assets. W...
The dollar index hit its most recent high in early September at 99.33. Since then, the index corrected to a low at 96.885 and recovered to around the 98 level at the end of last week. The index has made higher lows and higher highs since reaching a bottom at 88.15 in February 2018. The dolla...
Overview: Comments by US presidential adviser Kudlow playing up the prospects of a trade agreement between the US and China, with other reports suggesting a key call be held today, is helping to underpin sentiment into the weekend. The MSCI Asia Pacific Index pared this week's loss today, wi...
The SEK/EUR has been rising significantly since the beginning of this month. Source: investing.com As I argued in a previous article, a significant driver behind the rise in the Swedish krona has been the fact that the Riksbank is raising rates at a time when other central banks around...
Overview Rising trade anxiety and disappointing economic reports from the Asia-Pacific region helped unpin the profit-taking mood in equities, while bond yields continued to pull back. The MSCI Asia Pacific Index and the Dow Jones Stoxx 600 are in the red for the fourth time in the last five...
Overview: The recent rise in equity markets and backing up in yields spurred many observers to upgrade their macroeconomic outlooks rather than the other way around. Yet, we continue to see many worrisome signs. It is not just trade, though, of course, that is part of it. Sentiment itself is...
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...