Talking Points – The commodity currencies are showing increasing strength in recent days, in line with global equity markets continuing their surge higher. – Battle lines are being drawn up in the EU-US trade dispute as US President Trump insists that agricultural issues are included – while the EU’s negotiating directives have explicitly said otherwise.
Disappointing NZ Q1 inflation data sent the kiwi lower in Asian trading ForexLive But improved Chinese economic data for the month of March is helping to cushion the blow at the very least. NZD/USD fell to 0.6668 after the CPI figures were released but has now rebounded to 0.6735 as traders also retrace some of
Some news doing the rounds referring to satellite imagery taken last week of North Korea’s main nuclear site. Which is the Yongbyon nuclear site The Center for Strategic and International Studies in Washington DC says images show activity near the site’s Uranium Enrichment Facility and Radiochemistry Laboratory, and that: “n the past, these specialized railcars appear to
Details of the March 2019 US industrial production report Prior was 0.0% (revised to +0.1%) Manufacturing production 0.0% vs +0.1% expected Prior manufacturing production -0.4% (revised to -0.3%) Capacity utilization 78.8% vs 79.2% expected This is a small miss but not likely enough to move anything in the market. Here’s the industrial production chart with
Canada March existing home sales Prior was -9.1% Sales -4.6% y/y Weakest March sales volumes since 2014 Western Canada sales “more than 20% below 10-year average for the month” Seasonally adjusted prices -0.5% y/y — worst reading since 2009. Non-seasonally adjusted prices -1.8% y/y That’s not much of a rebound after the huge drop in
The communique from the IMF’s International Monetary and Financial Committee (the committee is the main advisory group for the IMF’s member countries). The gist of it: Global economic growth expected to firm from 2020 But the risks remain tilted to the downside IMF cites risks: trade tensions policy uncertainty geopolitical sharp tightening of financial conditions
Equity Analysis and News S&P 500: 2900 Barrier Curbs Upside for Now DAX: EU/US Trade War Brewing Looking for a technical perspective on Equities ? Check out the Weekly Equities Technical Forecast. Source: Thomson Reuters, DailyFX S&P 500 | 2900 Barrier Curbs Upside for Now The S&P 500 clocked marginal gains of 0.5% for the
The Telegraph is reporting that Sir Keir Starmer is an “ideologue” who is “obstructing” Brexit negotiations between the Conservatives and Labour with his demands for a second referendum, Tories involved in the negotiations have claimed. Ministers have found John McDonnell, the shadow Chancellor, and Rebecca Long-Bailey, the shadow business secretary, are far more open to compromise