Trade War

While the main market focus over recent months has been on trade wars, fears have been building this week over potential currency wars following comments by President Trump. Speaking with CNBC, the President commented that he feels the Fed is undermining his efforts to strengthen the US economy by raising interest rates. When asked whether he wa...

2018-07-20 James Harte Read more

Has Trump finally gone too far? During a Presidency which has become characterised by controversy and spectacle it appears that Donald Trump might finally have gone too far. Trump’s opinion poll ratings have been rising over recent months given his high-profile trade dispute with China which the President has labelled a noble crusade in defence...

2018-07-18 James Harte Read more

While a proud footballing nation mourned another harrowing defeat there was still plenty to be excited about as England received its prize for coming fourth in the World Cup yesterday: a visit from US President Donald Trump. Arriving with a security convoy which looked like it had been plucked straight from the set of a Hollywood movie, the Pres...

2018-07-13 James Harte Read more
usa china tradewar

Another week and another new chapter in the trade war saga has been written. Following Trump’s recent implementation of tariffs on $34 billion worth of Chinese goods and China’s subsequent retaliation of equal measure, the US has now announced plans for another import tariff on a list of Chinese goods totalling $200 billion to be implemented as ...

2018-07-11 James Harte Read more

 EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...

2018-07-02 James Harte Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more

While recent market focus has been centred around the growing trade wars between the US and China and the US and Europe, there are other key events taking place which require consideration. The leaders of the European Union will meet later this week with the European Council meeting on Thursday and the EU summit on Friday to discuss financial re...

2018-06-27 James Harte Read more
opec meeting

All eyes were on Vienna last week as the OPEC nations and Russia met over two days for the semi-annual OPEC meeting. The main focus of the meeting was whether the OPEC nations and Russia could agree to reaching a deal to plug the void left by Iran. Iran was cut off from the Oil markets following the U.S. Trump administration pulling out of th...

2018-06-27 John Benjamin Read more
china feeds

China Cuts RRR A Further 0.50% As the trade war between the US and China heats up it seems that neither side is showing any sign of backing away from the conflict. Instead, China has made moves to shore up its economy in order to continue its battle with the US as the PBoC has once again cut the requirement reserve ration by 0.50%. This move ha...

2018-06-26 James Harte Read more