2019

The US and China trade war took a new turn yesterday. President Trump tweeted that Chinese delegation would be coming to the US to make a deal. This kept the risk-off sentiment in check. However, the Washington administration was also…
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The Labor Department will be releasing the monthly producer prices index report later today. A poll of economists shows that the median estimates point to a somewhat weaker pace of increase in the PPI. Economists expect headline PPI to…
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With the large amount of stimulus that the Chinese government has been putting into the economy, we ought to expect some impact on the inflation rate. So analysts are going to be keen to see what happens with the upcoming data. Also, as…
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In the world of fiat currencies, any small regulatory changes impacting gold create a major buzz in the market. Gold bugs, among others, remain of the view that the global economy could one day revert to the gold standard. The latest Basel…
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The Reserve Bank of New Zealand held its monetary policy meeting earlier today. In a surprise move, the central bank lowered the official cash rate by 25 basis points. This brought the RBNZ’s interest rates to 1.50% from 1.75%. In its…
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Now that the RBA meeting is over, and concluded with what is being called a "dovish hold'', attention is moving on what we can expect out of New Zealand later today. Because of how connected the two economies are, their monetary policy…
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We have a Gap open at 111.07 from 03/05 to 06/05. Bespoke resistance is located at 111.07.
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The risk-off sentiment strengthened as the markets digested the renewed threats of trade wars between the US and China. President Trump’s threat to impose tariffs on China by the end of the week sent investors seeking safe haven assets.…
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Canada’s Ivey PMI report will be coming out later today. Economists forecast that the index will ease to 51.5 in April. This follows a strong performance in March where the index rose to 54.3. This marked a rebound in activity as the…
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