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When I was finishing my university studies in London in 1981, one fascinating subject in my political science classes was the talks between European nations about a common market. At the time, the EEC was a vision, but at the turn of this century, it became a reality. I remember writing a pa...
Overview: The global capital markets are subdued. There have been few developments to induce activity. Even President Trump's claims that the talks with China are in the "final throes" failed to excite. Equities are extending their advance. Bonds are little changed, and the dollar is mostly ...
Macro News Global: As we are approaching the year-end, it seems that Trump is rushing to get a deal with China after nearly 2 years of intense trade war dispute that has been disrupting global supply chains and significantly reduced growth expectations. Even though some experts have starte...
Overview: Neither optimistic comments from Federal Reserve Chairman, that the economic glass is more than half full, nor a seemingly positive spin on the weekend fall calendar between Chinese and US officials have succeeded in deterring some profit-taking today. Most of the large markets in ...
Overview: The combination of the victory of the pro-democracy movement in Hong Kong and an apparent concession by China on intellectual property rights is helping bolster risk appetites to start the week. Equities are higher. Hong Kong's Hang Seng led Asia Pacific equities with a 1.5% gain, ...
By Darren Williams The UK faces a pivotal election next month that's meant to resolve the long-running Brexit saga. But while the result may end the stalemate between the UK's lawmakers, the eventual fate of Brexit is still uncertain, in our view. One way or another, the UK general elect...
Since I last wrote about the EUR/GBP currency pair in September, in my article entitled EUR/GBP Should Continue To Fall , the pair has indeed fallen. From the market price then of approximately 0.8900, EUR/GBP has plunged below my prior price target of 0.8660, through to as low as 0.8522 mo...
The euro continues to make its way down a long-term downward channel, relative to the Canadian dollar. The chart below illustrates this direction; the EUR/CAD pair currently appears to be in the middle of this channel. (Chart created by the author using TradingView. The same applies to subse...
The US dollar's rally before the weekend ensured a positive week. It gained against all the major currencies but the yen, the Swedish krona, and New Zealand dollar. Its losses against those currencies were minor, less than 0.15%. The rally was spurred by the divergence between the flash PMIs...
Overview: Equities in the Asia Pacific managed to mostly shrug off the drag of the losses in US equities yesterday. China and India could not escape the pull, but most other bourses were higher, led by Singapore and Hong Kong. It was the second consecutive week that the MSCI Asia Pacific Ind...