Blogs

<p>Spot gold gained traction last Friday, after U.S. President Donald Trump’s measures against China. Even though he did not pull out from the phase one trade deal with China, there are still a considerable amount of uncertainty over the future relationship between the world’s two biggest nations. Meanwhile, major U.S. cities from

<p>Key Highlights EUR/USD gained traction and rallied above the 1.1100 resistance zone. A key bullish trend line is forming with support at 1.1010 on the 4-hours chart. The Euro Zone CPI in May 2020 (Prelim) increased 0.1% (YoY), down from the last 0.3%. The Euro Zone Manufacturing PMI could remain well below 50.0 at 39.5 […]

<p>STOCKS Donald Trump’s press conference on Friday focusing more on Hong Kong rather than China (as was feared) has given a breather. But will have to see how the on-going protests in the US is going to impact the US markets today. Dow hovers near the crucial resistance level of 26000 which will need a […]

<p>Asia is off to a rollicking start to the week with equities performing strongly and currency markets rotating out of haven US Dollars. The turbocharging of bullish sentiment this morning has multiple drivers starting with President Donald Trump. Although scenes showing numerous riots across the USA dominated headlines this weekend, it is w

<p>On Friday, U.S. stocks remained firm despite worsening relationship between the U.S. and China. In response to China imposing a controversial national security law on Hong Kong, U.S. President Donald Trump announced that preferential trade treatment for Hong Kong would be ended. Trump also said sanctions would be imposed on Chinese and Hon

<p>Executive Summary Many American industries, especially manufacturing, have become more dependent on foreign suppliers over the past few decades. But the lockdowns that many countries have employed to combat the spread of COVID-19 could lead some of these industries to rethink their supply chains. In the first report in a two-part series, w

<p>U.S. Review The U.S. Economy Appears to Have Bottomed in April The beginning of this week saw some optimism that the economic downturn could be relatively short-lived, but data through the rest of the week provided grim reminder of the economic damage from COVID-19. Jobless claims declined for the eighth straight week, but continuing claim

<p>U.S. Highlights Optimism on economic recovery and new fiscal stimulus measures lifted equity markets this week. Economic data continued to show the plunge in activity due to lockdown. Real personal spending was down 13.2% in April and close to 20% since February. The good news is that fiscal supports more than offset the impact of [&hellip

<p>This week’s data gave us a better understanding of the scale of economic contraction in April when COVID-19 containment measures were at their height. StatCan’s “nowcast” of April GDP showed an 11% month-over-month decline on top of March’s 7.2% drop (slightly better than that month’s -9% nowcast). The cumulative two month slowdown is abou

<p>Two major themes continued to stand out this week:  the first is that global stimulus continues to pour into the world economy in response to the slowdown because of the coronavirus.  Japan approved a JPY 177 trillion supplemental budget and the European Commission proposed grants and loans worth 750 billion Euros.  This week we have [&hel