Catch up on the latest trends and updates in the financial and forex markets with our daily blog posts. We break down key movements, currency changes, and market shifts, giving you a clear picture of what's happening in real-time. Stay on top of the news and get the info you need to make smart financial decisions.
Trade dominated markets in the week gone by, although some positive economic data, came from the US consumer. Retail Sales jumped higher than expected and the University of Michigan Economic Sentiment report was also stronger than expected.
Read more →US markets turned positive overnight, following some strong Retail Sales numbers, released overnight. Retail Sales surged 0.6% for June and 3.9% per annum, showing the strength of the consumer in a largely consumer driven economy.
Read more →Asian equity markets headed south overnight, with notable individual exceptions, those being trading nations with trade agreements with the USA. Indonesian markets rallied, following confirmation, of the US deal.
Read more →Overnight Indonesia secured a trade deal with the USA, following other Asian giants, China and Vietnam. The deal is agreeing to a carte blanche 19% tariff, on all exports to the USA, while opening their market to US exports.
Read more →European equity markets dipped on the news, that tariffs will increase by 30%, effective 1st of August. The EU reacted by increasing efforts to negotiate a trade deal, with the USA, but quietly building a contingency plan.
Read more →Trump added Canada to the list of recalcitrant Countries, announcing a blanket 35% tariff on all exports to the USA, which seemed to dispel the markets TACO theory. This followed the letters sent to many Asian Countries and others, announcing allocated tariffs margins, commencing August 1st.
Read more →Markets are shrugging off the apparent global trade war, largely ignoring imposition and increases in tariff levy’s, even inventing the term ‘TACO’ trade.
Read more →The Fed Minutes were released overnight and they pointed to easing on the way, with reservations over the effect of the Administrations trade/tariff policy. Trump issued a 50% tariff on copper products and threatened a 200% tariff on pharmaceutical imports.
Read more →Markets absorbed the ever-changing dates, rules and margins, of US trade and tariff policy. The constant threats and moving goalposts, are becoming tiresome and markets are building immunity. Trump changed the deadline from July 9th to August 1st and rate variations from 10%, to 48%.
Read more →
