TAG China

All eyes on OPEC

Oil edges higher ahead of OPEC meeting All eyes today will be on the OPEC meeting as producers discuss whether and how much to increase production by now that the targets of its previous 1.5 million barrel a day cut have been achieved. There remains some disagreement between some members on how much to increase,…

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GBP rallies on hawkish BoE

Risk aversion remains on trade fears We’re continuing to see risk aversion in the markets on Thursday, as the trade spats between the US and others ramp up. The week started with the US and China announcing tariffs against one another which will come into effect on 6 July, and it will end with the…

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Live FX Market Analysis – 19 June 2018 (Video)

In this week’s webinar, Senior Market Analyst Craig Erlam discussed last week’s G7 summit, the trade spat between the US and China, the Federal Reserve decision, European Central Bank decision and upcoming Bank of England announcement, among other things. Craig also gives his live analysis on EURUSD (14:37), GBPUSD (16:56), EURGBP (18:00), AUDUSD (18:39), USDCAD…

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Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced…

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Trump Tariffs Undo Positive Impact of Tax Cuts

President Donald Trump has embarked on an unorthodox follow-up to cutting the taxes American families pay: raising the prices of goods they buy. Higher prices will result directly from tariffs the White House plans to impose on steel and aluminum imports from allies such as Canada, Mexico and the European Union as well as other countries. The White House…

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China PMI Data Flash

With both China’s Manufacturing and Servies PMI’s coming in above consensus it suggests manufacturing remains resilient and domestic growth is chugging along. And amid trade and tariff tensions, this should be interpreted positively. at least for the next 20 minutes !!. However, trade fears are up front and centre again following news that the Trump Administration…

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