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Overview: There is one overriding driver today, and that is the incorporation of CAT scan diagnoses of the virus in Hubei, ground-zero. This follows the arrival of WHO officials into China a couple days ago. Not only have the cases jumped, but so did the number of deaths. It plays on fears t...
The fourth anniversary of the Brexit referendum in the UK is only four months away. Meanwhile, the anniversary of the official separation of the UK from the EU is only a few short weeks ago. Three Prime Ministers stood at the head of the British government since a majority of the electorate de...
Worries about the European economy emerged on Wednesday as the euro fell to its weakest level against the dollar since 2017, dropping as much as 0.4% to $1.0877. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iPath EUR/USD Exchange Rate ETN, Stocks on...
Overview Investors appear to be increasingly looking past the latest coronavirus from China as new afflictions slow. Despite the soggy close of US equities yesterday, Asia-Pacific bourses are nearly all higher, led by more than 1% gains in Singapore and Thailand. The Dow Jones Stoxx 600 is a...
The EUR/JPY currency pair, which expresses the value of the euro in terms of the Japanese yen, tends to correlate positively with risk sentiment in global markets. This is because, generally speaking, European equities (and other assets; notably bonds) have been attractive to international i...
Overview Investors are taking solace from reports indicating that the increase in the new coronavirus at ground zero (Hubei) is slowing. The S&P 500 reversing early losses yesterday to close at new record highs helped keep the bullish sentiment intact. Benchmarks in Hong Kong, South Kore...
The EUR/USD currency pair, which expresses the value of the euro in terms of the U.S. dollar, has fallen sharply recently. In my last article published at the end of 2019 (on December 31), I anticipated that the euro would fall as a result of end-of-year rebalancing which favored flows back in...
Overview The global capital markets have begun the new week on a cautious tone as investors seek to assess the latest news on the new coronavirus. Nearly all the markets in Asia fell but China. European bourses are lower as well, with the Dow Jones Stoxx 600 off about 0.3%. US shares are sof...
O verview A more cautious tone is evident today in the markets, which seem to have run well ahead of macro developments and evidence that the new coronavirus is not yet contained. After a roughly 3.5% advance in the past three sessions, the MSCI Asia Pacific index pulled back with nearly a...
The Canadian dollar has fallen in recent times, alongside oil prices. The currency of Canada is correlated positively with oil prices, by virtue of Canada's export exposures to oil-related products. The chart below indicates that mineral products (i.e., including crude petroleum and refined pe...