Five Things the Markets are Talking About: Monday, December 3

Five Things the Markets are Talking About: Monday, December 3

Global equities have rallied overnight, alongside U.S. Treasury yields, while the ‘big’ dollar trades under pressure after the U.S. and China declared a temporary truce in their Sino-U.S. trade war.

No progress was made on key differences regarding intellectual property and forced technology transfers. 

Dollar Looking for Economic Guidance Ahead of Busy Week

Dollar Looking for Economic Guidance Ahead of Busy Week

The U.S. dollar is higher against most major pairs on Friday ahead of the G20 meeting.

The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the central bank.

Canada Presents Human Rights Activist Viola Desmond as the Face of the New $10 Bill

Canada Presents Human Rights Activist Viola Desmond as the Face of the New $10 Bill

With the launch of a new $10 bill on November 19, Canada has ushered in an era of firsts: the first Black woman on a Canadian bank note, and the first Canadian bank note with a vertical, not horizontal, orientation.

The bill features social justice icon Viola Desmond(1914–1965) who was refused entrance to a whites-only section of a Nova Scotia movie theatre in 1946.

Five Things the Markets are Talking About: Monday, November 26

Five Things the Markets are Talking About: Monday, November 26

Aside from the FAANG share liquidation to the tune of $1Trillion in face value last week, capital markets have been grappling with the expected pace of the Fed rate hikes for 2019.

A December Fed hike has already been priced in, but with weaker U.S. data and an ongoing trade war, between the world’s two largest economies, dealers are reducing their bets on a three-cycle hike from the Fed next year.

Dollar Higher as Trade War Concerns Fuel Risk Aversion

Dollar Higher as Trade War Concerns Fuel Risk Aversion

The dollar was higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency.

Five Things the Markets are Talking About: Friday, November 16

Five Things the Markets are Talking About: Friday, November 16

Earlier this week U.K PM Theresa May agreed a draft Brexit withdrawal agreement with Brussels. Her cabinet backed it on Wednesday – but there have since been resignations.

Six government ministers, including Brexit Secretary Dominic Raab, one of the architects of the deal, quit yesterday, raising the possibility that she could face an open challenge to her leadership.

U.S. Dollar Flying High on Hawkish Fed Statement

U.S. Dollar Flying High on Hawkish Fed Statement

The U.S. dollar rose against most major pairs on Friday. Only the Japanese yen was able to gain against the mighty greenback. The FOMC statement eased concerns that the Fed would hint at a pause in its tightening of monetary policy.

GBP/USD – Surging Pound Shrugs Off Soft Services PMI

GBP/USD – Surging Pound Shrugs Off Soft Services PMI

GBP/USD has started the week with solid gains. In Monday’s North American session, the pair is trading at 1.3022, up 0.40% on the day. On the release front, Services PMI dipped to 52.2, shy of the estimate of 53.4 points. In the U.S, ISM Non-Manufacturing PMI posted a strong gain of 60.3, above the estimate of 59.3 points.

Strong Fundamentals Boost Dollar with U.S. Midterms in Focus

Strong Fundamentals Boost Dollar with U.S. Midterms in Focus

The dollar is higher against major pairs on Friday after the release of the October U.S. non farm payrolls (NFP) report showed a massive 250,000 jobs gain and the fastest wage growth pace since 2009. U.S. fundamentals have been solid and boosted the U.S. dollar higher despite rising political risk ahead of the U.S. mid-terms next week.

Five Things the Markets are Talking About: Monday, October 29

Five Things the Markets are Talking About: Monday, October 29

Euro equities are small better bid, ignoring Asia’s mixed market overnight and slightly weaker U.S. futures on concerns about corporate earnings and global growth. U.S. Treasuries remain well supported as a majority of the market rein in their expectations for tighter Fed policy.

Dollar Pays Heavy Price for Equity Sell-Off

Dollar Pays Heavy Price for Equity Sell-Off

The U.S. dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the U.S. currency. Trade war concerns and its impact on U.S. companies have triggered a massive sell-off in equities. The U.S. dollar is on the back foot despite strong growth as evidenced by the release of the flash GDP for the third quarter that showed a 3.5 percent gain beating expectations.

Five Things the Markets are Talking About: Monday, October 22

Five Things the Markets are Talking About: Monday, October 22

Global equities remain better supported this Monday morning after Chinese stocks surged overnight on senior officials verbal intervention. The ‘mighty’ U.S dollar has eased a tad along with treasuries, while Italian bonds have rallied.

U.S. Growth in Q3 to Guide Dollar

U.S. Growth in Q3 to Guide Dollar

The U.S. dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the week after softer than expected retail sales and inflation data.

U.S. Retail Sales to Support Dollar

U.S. Retail Sales to Support Dollar


The U.S. dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend.

Five Things the Markets are Talking About: Monday, October 15

Five Things the Markets are Talking About: Monday, October 15

Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S. equity futures are pointing to deep declines.