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Overview The S&P 500 lost less than 0.3% yesterday, even as the first case of the Wuhan virus was found in the US. The relative subdued US reaction may have helped stabilize the capital markets today. Nearly all the major markets in the Asia-Pacific regions rose, including a more than 1%...
The EUR/NZD currency pair, which expresses the value of the euro in terms of New Zealand dollars, is currently stabilizing in the region of 1.66 to 1.69. The chart below shows the pair's price action using weekly candlesticks since 2015. Shaded areas have been added to indicate potential areas...
Back in December, I argued that the EUR/USD would continue to fall further – with the currency expected to hit the 1.05 mark in a matter of months. However, we see that the EUR/USD has rather shown a strong trend to the upside since October: Source: investing.com With the greenb...
Overview The spread of a new respiratory illness in China has spurred a wave of profit-taking in equities and risk assets more generally. All of the markets in the Asia-Pacific region tumbled, with Hong Kong hit the hardest (-2.8%) after posting a key reversal yesterday. The sell-off continu...
The US dollar gained against the major currencies, except for the Swiss franc, which strengthened to its best level against the euro since April 2017. It has risen for six of the past seven weeks, and the week that it fell, it slipped less than 0.1%. The franc's strength could be a sign of f...
The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, seems to have stabilized more recently following downside that has resulted mostly from GBP optimism. In a prior article , I identified the level of 0.8062 as a potential target for the pa...
Overview The global capital markets are calm today as investors await fresh trading incentives. New record highs in the US equity indices gave Asia-Pacific stocks a lift, though China and Taiwan were notable exceptions. Europe's Dow Jones Stoxx 600 is firm at new record highs set last week. ...
Macro News Global: The US dollar strength we observed in the past two years has caught many participants by surprise as higher uncertainty globally has been favoring safe assets such as the greenback. This year, market sentiment is still bearish on the US dollar and the favored currencies ...
By Owain Johnson The European repo markets navigated the traditionally challenging end-of-year funding cycle in an atmosphere of relative calm. But repo market participants are unsure whether that calm will persist throughout 2020. A potential change of direction from new leadership at t...
Overview News that US tariffs on China will remain until through at least the November US election and continued US attempts to stymie China (e.g., more curbs on Huawei under consideration and stepped-up efforts to force it to cut subsidies to business) have taken some momentum from the push...