TAG Bank of England (BoE)

Phew! Turkey bashing takes a break for now

Tuesday August 14: Five things the markets are talking about Tuesday sees a tentative reprieve for global equities in the wake of Turkey’s induced turmoil and the forex market has managed to stabilize a tad, aided by reports this morning that the Turkish Finance Ministry has scheduled an investor call for Thursday, Aug 16. The…

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OANDA Market Beat Risk Aversion Boosts Dollar

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week…

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OANDA Market Insights podcast (episode 27)

OANDA Senior Market Analyst Alfonso Esparza reviews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s biggest stories: US sanctions against Iran, Turkish lira collapse after steel sanctions and market reaction to UK GDP data Big revisions offset July miss on payrolls Another strong US jobs report expected…

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Dollar Higher as Risk Appetite Vanishes

The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week. Tense trade developments between China and the US and Friday’s drop in the Turkish lira dragged emerging and developed markets lower as US sanctions…

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Turkish lira loses another 3%

Thursday August 9: Five things the markets are talking about The geopolitical tension theme continues to dominate capital markets, now that China has responded to the U.S’s tariff onslaught with additional tariffs of its own. In currencies, the market is again focused on sterling (£1.2852) as it encroaches on its new 12-month low as politics…

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Politics takes down the pound

Wednesday August 8: Five things the markets are talking about Trade concerns continue to hover over capital markets. Yesterday, the U.S indicated that it will begin imposing another +25% duties on an additional +$16B in Chinese imports beginning in a fortnight. On the first go around, China swore to retaliate, they have yet to give…

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Cannot keep the ‘big’ dollar down

The European and Asian sessions were happy to book ‘long’ dollar profits, but North America has decided to renew their acquaintance with the dollar bulls. A lack of major economic data releases and a stabilizing Chinese yuan overnight provided a temporary reprieve for risk assets and EM currencies. Another strong JOLTS jobs opening report (+6.66M)…

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Dollar rally takes a time out

Tuesday August 7: Five things the markets are talking about Most global equities found traction overnight as earnings season continues, helping support investor sentiment against a backdrop of trade worries and geopolitical concerns. The trend for a rising U.S dollar is taking a pause, with the dollar edging lower against G10 currency pairs. A lack…

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NFP could lift dollar higher

Friday August 3: Five things the markets are talking about President Trump’s unpredictability on trade is keeping capital markets on the back foot and a theme that is not expected to change anytime soon. The ‘big’ dollar remains better bid ahead of this morning U.S jobs report (08:30 am EDT), supported mostly by the markets…

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