Risk sentiment was buoyed last week on news that Washington had invited officials from Beijing to restart trade talks, aimed at dialing back the trade conflict between the two economic superpowers. However, the trade war story took another turn this week as the US administration announced that it had implemented 10% trade tariffs on roughly $20...
Following on from news of the US and Mexico agree to a deal on trade last week, both countries have now suggested that a new tri-country NAFTA deal including Canada is now on the brink of being announced. The rumors come despite Canadian PM Trudeau sticking adamantly to his guns over his priority demands, namely that any deal include an independ...
Two days of talks between a Chinese delegation and US officials in Washington came to a fruitless end last week, resulting in both the US and China enacting a fresh round of tariffs on each other to the tune of $32 billion combined ($16 billion each). [shortcode-variables slug="act_tradeideas"] While expectations of progress in the talks w...
At the end of last week, market attention was focused on new Fed chairman Powell’s speech at Jackson Hole. The speech was predominantly centered on the uncertainty around real-time estimates of the neutral rate of interest, the non-accelerating inflationary rate of unemployment (NAIRU) and the rate of potential growth. Given the increased discus...
US Dollar bulls received yet more good news at the end of last week as Friday’s CPI readings for July came in above expectations at 2.9% on the headline reading, remaining unchanged from June and 2.4% on the core (the measure which strips out food and energy prices). Notably, the headline figure, at 2.9495%, was within a whisker of being rounde...
The political rollercoaster of Donald Trump’s presidency took another wild turn this week as a high-level Washington meeting between Trump and Jean-Claude Juncker, the president of the European Commission saw the pair announcing that they would now work together to resolve differences over trade. This comes just shy of two weeks after Trump labe...
The German Federal Election is almost a month away when German citizens will head to the polls on September 24th, which likely to be the country’s most significant political contest in decades. This election comes after the shocking Brexit referendum outcomes and the US election at the end of last year, which ended up with Donald J. Trump to be...
The US Dollar Index tumbled last week, closing below 94.0 for the first time since August of the last year, which deepened the current bearish outlook. The main reason behind last week’s sharp decline came on the back of the news from the US Congress. Two of the major members of the Republican party noted that they would not back the new health...
During the early morning hours of Monday, the first trading day of the week, the Middle East woke up to a bunch of breaking news, leading Crude Oil prices to rise by 1%. On Monday, many Arab countries decided to cut their ties with Qatar on claims that Qatar is supporting international terrorism. The decisions were tough, as many countries brok...
For the past few days, Donald Trump made history once again, as he signed the single largest arms deal in the US history. Such deal comes amid global geopolitical uncertainty whether in the region or abroad, including the tensions with North Korea. However, Trump’s decisions and the deals that were signed in Saudi Arabia showed a clear sign of ...
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