Michael Moran is an experienced global markets professional who has traded currencies for over 30 years, having worked in dealing rooms of major banks all over the globe.
Nikolas Papas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of Europe’s leading Brokers, as an equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors.
Karthik Subramanian has been a professional trader and fund manager in the stock and FX markets over the past 18 years. During this period, he has worked for many FX brokers and has also worked with major FX related publications.
US Yields Slip, Signal “Recession”, Kiwi, Aussie, Sterling Slump
Fed, G20 Meets Loom, Aussie, Euro Slip, Yen, Swiss Rise
Euro, Sterling Ease as US Inflation Cools, FX Stays Complacent
Sterling Climbs on Wage Gain, Trade, US Inflation Eyed
Euro Eases, Sterling Slumps, Aussie, Kiwi Fall
Asian indices finished mostly lower as trade worries resurface and the attack in two oil tankers in Gulf of Oman weighing on traders sentiment. The Nikkei225 finished 0.40 percent higher to 21,116 and the Hang Seng benchmark in Hong Kong finished 0.83 percent lower at 27,065. The Shanghai Composite finished 0.99 percent lower to 2,881, while in Singapore, the FTSE Straits Times index finished 0.32 percent lower to 3,210. Australian equities finished up 11 points or 0.2% to 6,554. Over the week, the index jumped 1.7%.
Global equity market is seeing mixed price action in the global market today. Lack of progress in Sino-U.S. trade talks, increasing awareness that trade deal between two parties is unlikely in the upcoming g20 summit and headlines on massive street protests act as factors which provide the market with bearish cues. This has resulted in investor sentiment remaining divided in the global market. Further, the reduction in 2019 global crude oil demand growth forecast by OPEC also hurt risk appetite.
Asian indices finished lower for the second day in a row as trade worries resurface and Hong Kong protests regarding the China extradition bill weighs on traders sentiment. The Nikkei225 finished 0.46 percent lower to 21,032; the Hang Seng benchmark in Hong Kong, finished 0.05 percent lower at 27,294. The Shanghai Composite finished 0.04 percent higher to 2,910, while in Singapore, the FTSE Straits Times index finished 0.05 percent lower to 3,207.
Asian indices finished lower today as trade worries resurface and Hong Kong protests regarding the China extradition bill, weighing on traders sentiment. The Nikkei225 finished 0.35 percent lower to 21,129 the Hang Seng benchmark in Hong Kong, finished 2.00 percent lower at 27,237. The Shanghai Composite finished 0.54 percent lower to 2,910, while in Singapore the FTSE Straits Times index finished 0.36 percent lower to 3,198.
Asian indices continue higher for the second day as investor digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico but the market’s going to remain sensitive to trade news flow for some time particularly as we head into the G20. The Nikkei225 finished 0.33 percent higher to 21,204 the Hang Seng benchmark in Hong Kong, finished 0.81 percent higher at 27,796.
Chinese policy easing cues, healthy risk appetite in the market underpin market bulls supporting positive price action. Traders now await US inflation data for short term directional cues.
Fed rate cut hopes, easing tensions surrounding Sino-U.S. trade war on lack of major market impact headlines boost risk appetite in the market. ADP NFP data in focus now.
Global market is seeing mixed activity as USD losses its safe haven appetite over increasing bets on possible interest rate cut by US Fed. All eyes are now on headlines over Trump’s visit to UK and Fed Chair Jerome Powell’s speech later tonight.
Stocks slide as trade war woes escalate on threaten tactics between US and China. Further, Trump’s tariff threat on Mexico added to risk averse investor sentiment creating risk averse market sentiment influencing dovish market activity.
Trump tantrums affect market activity yet again with actions this time around likely to cause US markets to suffer sharp loss immediately. Recession fears likely to cap any prospect for gains in risk assets.