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Equities and oil rise on China reopening, US CPI in focus
Sentiment was given another boost ahead of today’s US CPI report with China continuing to scale back restrictions and suggesting international travel could be on the horizon.
Oil takes a hit as recession and Covid fears loom
The German ZEW and the continued on again/off again lockdowns in China are contributing to fears of a global slowdown or recession.
China set to reopen; Good news for the Yuan?
China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us.
China lockdowns hit PMI data
The lockdowns in China have led to weaker manufacturing and services data. Is this just the beginning or is there more to come?
Gold continues selloff as China manufacturing data worsens
Until confidence returns that prices from China will move higher, Gold may begin trading in a range.
Chinese yuan, stocks and commodities slump
Just when you thought the c-word was no more a thing for the markets…
Johnson stays the course with Plan B; EUR/GBP looks sick
If it is true, as Boris Johnson predicts, that the Omicron variant can be contained and there won’t be further restrictions or lockdowns, it should make for a bullish Pound
Asian Open: UK logs first known Omicron death
The United Kingdom has recorded the first known Omicron-related death, as the World Health Organisation warns that variant could pose as a global risk.
US open: Positive tone on Wall Street ahead of a busy week
Market participants are feeling optimistic at the start of the week, with major indices in Europe rising and US stocks poised to open moderately higher and near record high territory
What does Plan B mean for UK markets?
The UK government could be about to trigger Plan B and unleash a new wave of restrictions. We look at how markets are responding and explain how to prepare.
Asian Open: Omicron spreads to its 29th country, including the US
The Omicron continues to make waves as it now accounts for around three quarters of cases in South Africa, with the US now reporting its first case.
Risk-off returns as Moderna CEO makes glum prediction
An article in the Financial Times triggered a fresh round of selling before the European open, as Moderna’s CEO predicts vaccines will be less effective.
European Open: Equities broadly lower, GBP/AUD breaks out
US markets are closed just after lunch today. But that is not to say it will be a dull session if price action overnight is anything to go by.
“Release Crude from SPRs” trade shifts to “fears of lower demand from covid” trade
Now there are new fears creeping into the markets: that a 4th wave of the coronavirus may be hitting parts of Europe
10 Central Banks – Where they stand towards normalizing policy
With the world beginning to gain control over the coronavirus pandemic, watch for central banks to continue to normalize monetary policy
Lower coronavirus cases, higher IMF projections boosts GBP
The IMF upgraded growth for the UK for 2021 to 7%
US open: Will stocks continue yesterday’s selloff?
Traders look to buy the dip after coronavirus resurgence fears gripped the markets
Global Stock Indices slide as Delta variant, China, and Crude Oil weight on markets; USD/CAD higher
With the large selloff in global stock market indices today, traders may turn cautious on risk.
Lots of moving parts for GBP/USD
With all the economic, political, social issues to consider in the US and the UK this summer, direction may be tough to determine in GBP/USD
Sweden’s in trouble, and it has nothing to do with Euro 2020
With the current political situation in Sweden and the Riksbank meeting this week, USD/SEK could be in for some volatility.
Currency Pair of the Week: GBP/USD
With the reopening of the UK underway and the reopening of the US in full swing, the British Pound may outperform the US Dollar.
FX 2nd Quarter Outlook: DXY, EUR/USD, GBP/USD, USD/JPY, EUR/GBP
With vaccine rollouts and US stimulus checks in hand, the second quarter is expected to boom.
BOAO Forum: Key themes to watch from the “Asian Davos”
The two most important themes to watch will be the discussion around carbon neutrality and the COVID-19 vaccine...