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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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A market bloodbath as Turkey fever spreads

Just when you though it was safe to invest in an asset that made sense, be it forex, bonds or stocks, fear and contagion has suddenly appeared, and in under 48-hours has severely bullied emerging markets into near submission. In six-weeks, the Turkish lira has fallen nearly +45% against the dollar, when President Erdogan won…

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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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USD/CAD plummets on Canadian jobs report

Canadian jobs market is on fire By the numbers: Canada Jul Net Jobs +54,100 From Jun Canada Jul Net Jobs Forecast At +17,000 Canada Jul Full-Time Jobs -28,000; Part-Time +82,000 Canada Jul Jobless Rate 5.8%; Jun 6.0% Canada Jul Jobless Rate Forecast At 5.9% Canada Jul Avg Hourly Wages +3.2% From Year Ago Canada Labor…

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Turkey investors take a bath

Today’s sharp slide in the Turkish lira (currently down -6% at $5.9446, but was down -15% at $6.200 at one point) has obviously seeped through into broader financial markets, causing the USD and JPY to jump on safe haven flows and equities to fall, while the EUR (€1.1469) is stung by concerns over European banks’…

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Global Trade Likely to Slow Down in Q3 Says WTO

Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite. As the World Trade Organization’s head warned that global trade was threatened, its quarterly outlook indicator – a…

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Canada: New Housing Price Index, June 2018

New home prices increased in June, marking the first upward movement since November 2017. New Housing Price Index, monthly change Nationally, new house prices edged up 0.1% in June, largely due to rising construction costs across the country. The cost of softwood lumber, which is widely used in residential construction, has been on the rise.…

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