Blogs

<p>A “high-level” meeting on Brexit is scheduled for today, involving top officials from UK and EU. But expectations are relatively low regarding the meeting. It’s reported that UK Prime Minister Boris Johnson would push for a post Brexit agreement by Autumn at the latest. He would demand a high quality FTA that is consisten

<p>Dallas Fed President Robert Kaplan said the US is “on our way down right now” with unemployment. “We’re going to get positive job growth in June, July and from here,” he added. However, “even with that growth, we’re going to end the year with an elevated unemployment rate.” He expected unempl

<p>NIESR said the UK is set to lose a quarter of output in Q2. It expected GDP to decline by-20% to -25% in Q2, a “significantly steeper decline than the first quarter, reflecting the full impact of lockdown measures. “As we have suggested, around a quarter of GDP is lost when the lockdown is fully […]

<p>Eurozone industrial production dropped -17.1% mom in April, better than expectation of -20.0% mom. That’s the largest monthly decline record since the start of the series. And the contraction was significantly larger than the 3-4% since in 2008/2009 during the global financial crisis. Production of durable consumer goods fell by -28.

<p>Risk aversion remain a major theme today on concern over coronavirus second wave. DOW futures point to sharply lower open and the index could lose 25k handle. NASDAQ might also have another take on 9500 too. In the currency markets. Swiss Franc, Yen and Dollar are taking turns to the strongest for today. But all […]

<p>Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Meanwhile, disappointing economic data from China also weigh on sentiments. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower. But major pairs and crosses are staying inside Friday’s ra

<p>The second wave of coronavirus pandemic had finally become a main theme in the markets last week. Or, investors could have just waited for Fed to confirm its done with more easing for moment, and started profit taking. Either way, massive selloff was seen in the stock markets towards the end of the week. In […]

<p>Risk markets recover mildly today after yesterday’s sharp decline. DOW future is currently up over 500 pts ahead of open, but well short of yesterday’s -1800pts decline. Yen and Swiss Franc turn softer today, followed by Dollar, while commodity currencies recover. For the week, though, Yen and Swiss Franc remain the strongest o

<p>As suggested in the CFTC Commitments of Traders report in the week ended June 9, NET LENGTH in USD Index fell -3 569 contracts to 4 689. Speculative long positions increased +2 999 contracts and short positions rose +6 568 contracts. Concerning European currencies, NET LENGTH in EUR futures soared +14 409 contracts to 95 […]

<p>Recent strength of HKD has triggered the territory’s de facto central bank, HKMA, to defend the currency system. The key reasons for strong HKD are broad-based USD weakness, HIBOR-LIBOR spread, semiannual settlement and IPO activities in Hong Kong. Policy uncertainty has taken a backseat as the US government is ridden by mass scale protest