TAG Bank of Japan (BoJ)

‘Footy’ dented U.K retail sales and pounds sterling

Thursday July 19: Five things the markets are talking about Yesterday, the dollar retreated from a three-week high as the market cashed in on gains the currency made after two days of testimony by U.S Fed Chair Powell reinforced a strong economic outlook. In congressional testimony on Tuesday and Wednesday Powell said he believed the…

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Fed Powell advances the dollar

Wednesday July 18: Five things the markets are talking about U.S assets get another leg up from rookie Fed Chair Jerome Powell who again expressed optimism over the U.S’s economic growth and stable inflation, telling Congress yesterday that domestic data should keep the central bank on track to raise “gradually” short-term interest rates. However, as…

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The sky hasn’t fallen just yet

Trade War Escalates, but the sky hasn’t fallen just yet as optimism crept back into the market on reports of fresh bilateral trade negotiations between China and the US coupled with a slightly firmer RMB scrim. “Where there is a will, there is a way”. But when it comes to backroom negotiations, one can only…

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A tenuous and unstable state of affairs

A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality. But the most damning signal is that dialogue between the…

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All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next…

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For the USD , it’s all about this week’s CPI.

For the USD, it’s all about this week’s CPI. Markets dismissed the opening salvo of the  US -Sino trade war as dated news. However, after another Goldilocks NFP,  US stock markets traded positively in the green while the US dollar bears begrudgingly came out of hibernation after US  bond market yields knee-jerked lower. The NFP…

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