Trade war

Closing out the week for Australia, we have the first potentially market-moving economic data after the RBA meeting. As expected, the bank cut interest rates. But that only leaves open the question as to when it will cut them again.…
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The final revised GDP figures for the second quarter will be due today with no changes expected. Economists maintain that the second-quarter GDP will rise by 2.0%, unchanged from the second estimates released a few weeks ago. From a…
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The Institute for Supply Management's monthly manufacturing index gauge, the manufacturing PMI, is due today. Economists forecast that the manufacturing activity, as measured by ISM will tick modestly higher. After the index fell to 51.2…
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Over the weekend and on Monday we have a couple of important economic events coming out of the Far East. The Purchasing Managers' Index (PMI) is a survey of company executives, asking how they see the current business situation and how…
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Commodity currencies have been in for a bit of a roller coaster lately. And there are some signs in the economic data that show it's likely to continue! For the Aussie and it's Kiwi counterpart, there are quite a few indicators pointing…
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Equity markets got a boost on Tuesday after news emerged that the Trump administration was delaying the tariffs on some Chinese products until December this year. The Washington administration also cut down on the items that were to face…
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Following the last meeting of the US Federal Reserve, talk on the street brought up mentions of currency intervention. This is because President Trump was noticeably unhappy with the result of the meeting, leading to speculation that he…
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Contrary to other countries, this week is relatively quiet on the Chinese economic calendar. The most important event coming up is the release of the official PMI and the private Caixin PMI survey. Both of these releases could likely…
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China's trade balance tends to rock markets everywhere! So even if you don't follow the Yuan, this is still an important bit of data to keep track of. The Chinese government has recently been talking up the issue of services exports. And…
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Gold Bulls React to Policy Guidance and Geopolitical risks Gold climbed above $1,400/oz today, perhaps for a false weekly break. It set up for the fourth weekly winning streak on the back of a dovish Fed and increasing geopolitical risks.…
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