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.
Global equity markets surged overnight, following confirmation of a trade deal between the USA and Japan.
Read more →The Philippines are the latest nation to confirm a trade deal with the USA, with a visit to the Whitehouse and well inside the August 1st deadline. This was further good news for the administration and adds pressure on hold-out nations, especially the EU.
Read more →Trade negotiations continue to dominate global markets, adding some downward pressure to the US Dollar. The EUR is headed back towards 1.1700, with an EU team negotiating hard in Washington, to secure a trade deal before the hard August 1st deadline. The GBP also gained some ground, moving up to 1.
Read more →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.
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