Wednesday , October 16 2019
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Tag Archives: Europe

Brexit Deal in Sight. Which Currencies are Set to Rally?

Brexit Deal in Sight. Which Currencies are Set to Rally? Daily FX Market Roundup October 16, 2019 With 16 days to go before the UK is scheduled to leave the European Union, a Brexit deal is finally in sight but its still important for investors to tread cautiously because of the inevitable resistance from the DUP and reports from “senior EU officials” that its “way too premature” to assume that a Brexit deal is imminent. Nonetheless sterling and many other major currencies traded...

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Brexit: The Ticking Clock

This is Naked Capitalism fundraising week. 1696 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, more original reporting.. As most UK and Irish readers have likely read by now, things...

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What Does US-China Phase 1 Deal Mean?

What Does US-China Phase 1 Deal Mean? Daily FX Market Roundup October 11, 2019 The sentiment in the markets shifted from gloom to hope this week on the prospect of breakthroughs in US-China trade and Brexit negotiations. Currencies and equities surged as policymaker tease the possibility of a deal and by the end of the week USD/JPY rose to its strongest level in 2 months and GBP/USD rose to its highest level since June. On Friday President Trump announced a “Phase 1 Deal” with China and...

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EU Adopts Right to Repair for Household Appliances

This is Naked Capitalism fundraising week. 1537 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, more original reporting. By Jerri-Lynn Scofield, who has worked as a securities lawyer...

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Will Monetary or Fiscal Stimulus Turnaround the Next Recession?

A recession is emerging with interest rate curves inverted, the end of the business cycle at hand, world trade falling, and consumers and businesses beginning to pull back on spending.  The question is: will monetary or fiscal stimulus turn around a recession?  In this post, we find both stimulus alternatives likely to be too weak to have the necessary economic impact to lift the economy out of a recession. Finally, we will identify the key characteristics of a coming recession and the...

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Dollar, Risk Soars as Trump Trade Tease

Dollar, Risk Soars as Trump Trade Tease Daily FX Market Roundup October 10, 2019 It’s been a rollercoaster ride in FX this week with currencies reacting to every positive and negative headline. Overnight, investors were worried that the Chinese delegation would leave after only one day of talks and even in early morning every one was unclear as to how the primary talks would go. The uncertainty is so high that market watchers resorted to dissecting the body language of every one...

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FX Goes on a Rollercoaster

Market Drivers October 10, 2019 Contradictory headlines create a rollercoaster ride in risk UK data continues to miss Nikkei 0.45% Dax +0.06% UST 10Y 1.58% Oil $52/bbl Gold $1508/oz BTCUSD $8578 Europe and Asia: GBP UK GDP -0.1% vs. 0.0% GBP UK MP -0.7% vs. 0.1% North America: USD CPI 8:30 Major pairs went on a wild rollercoaster ride in Asia session trade today driven by a series of contradictory headlines regarding US-China trade talks. Risk-off flows dominated the start trade when...

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Dollar Rallies but No One is Betting on a China Deal Just Yet

Dollar Rallies but No One is Betting on a China Deal Just Yet Daily FX Market Roundup October 8, 2019 As China’s delegation arrives in the US for trade talks, the greenback extended its gains against all of the major currencies. This is the largest and broadest team that China has sent in the 13 rounds of trade negotiations since 2018. Investors saw this as a strong commitment on behalf of the Chinese to secure a deal before they return to Beijing. But don’t bet on a China deal just...

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FX Sentiment Sours on US-China and Brexit News

Market Drivers October 8, 2019 US-China retaliation turns market risk negative Enthusiasm on Brexit deal wanes Nikkei -0.16% Dax -0.10% UST 10Y 1.55% Oil $53/bbl Gold $1499/oz BTCUSD $8173 Europe and Asia: EU GE Industrail Production 0.3% vs. -0.1% North America: USD Core PPI 8:30 After a positive risk session in Asia FX flows flipped completely on news that China may retaliate against US companies after the US announced that it would blacklist eight Chinese high tech companies on human...

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Dollar Pops, China is Ready to Deal. Is the Rally Durable?

Dollar Pops, China is Ready to Deal. Is the Rally Durable? Daily FX Market Roundup October 7, 2019 There are 3 events that could trigger a major rally for the US dollar this week. US-China trade talks, the FOMC minutes and comments from Federal Reserve Chairman Jay Powell. This morning, investors were skeptical about trade because Vice Premier He suggested that China would not relent on their industrial policy and state subsidies. While that remains the case, by the end of the day, the...

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