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EM Asia: Next weeks discussions

By Stephen Innes Head of Trading Asia @steveinnes123 EM Asia sentiment continues to improve; regional equities were trading very well on a  weaker dollar. ASEAN markets do enjoy a capital inflows bump when the US dollar is broadly weaker. Bloomberg China Calls Off Trade Talks, Won’t Go to Washington Until After Mid-Terms China In addition to the…

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Bring on the FOMC !

FOMC  The FOMC meeting next week has a hike fully priced in so the focus will be on the dot plots and the follow-up presser which has dollar bulls questioning their near-term positions. The meeting will be overly scrutinised to see if there are any changes in the projections, with new Vice-chair Clarida voting for…

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A bullish confluence in oil markets

SINGAPORE (Reuters) – Oil prices slipped on Thursday, although U.S. crude remained above $70 a barrel on the back of falling crude inventories and Brent was still close to $80 because of looming sanctions against Iran. Brent rose above $80 per barrel the previous session for the first time since May, spurred by expectations that…

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Channel one’s confidence

Channel  one’s confidence USDJPY and Emerging markets traded with a more positive tone overnight, although EM is hardly out of the weeds just yet, as US equity markets ignored a shaky start to finish higher on the day led by energy and telecom sectors. When the S&P markets rally in the face of higher global…

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The US is Hiring, and the Dollar is King.

The US is Hiring, and the Dollar is King. The highest year on year print for US Average Hourly Wages since 2009 contributed to the stronger close on the DXY Friday. However, given the USD rally fell short of threatening numerous vital levels, and does suggest the overhang and uncertainty around trade war along with…

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Head fake or breakthrough ??

Head fake or breakthrough ?? China trade concerns are back in the spotlight after the USTR leaked headlines flew in the face of the more conciliatory comments earlier yesterday that suggested both parties are going back to the drawing board and preparing to meet. But this morning China promised a like for like response but…

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Trade ,earnings ,teapots and the US dollar

Trade, earnings, teapots and the US dollar Strong domestic growth and on-target core inflation continue to suggest the US economy is in that happy place,  but this week’s US economic data will begin to shape market expectations for Q2. And equally significant will be Fed Chair Powell’s semi-annual monetary policy testimony before the Senate Banking…

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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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