For those traders awaiting Fed chairman Jerome Powell’s speech at the Jackson Hole symposium this week, there was certainly little disappointment. The Fed chair announced major shift in the Fed’s...
Fed’s Mester: Rising Corporate Profits in 3Q Doesn’t Mean Recession is Behind
Economic activity and hiring have been constrained during coronavirus outbreak, confirming that the recovery will be slow and economy will need more support from monetary and fiscal authorities,...
Key economic events and reports for the week ahead
Monday, August 31, 2020 - Manufacturing PMI (Aug)(CNY).Tuesday, September 1, 2020 - RBA Interest Rate Decision (Sep)(AUD), German Manufacturing PMI (Aug)(EUR), CPI (YoY) (Aug)(CPI).Wednesday,...
A Few Remarks on Yesterday’s Powell Speech
Well, yesterday the Fed, represented by its head Jeremy Powell, formally confirmed that it adjusts reaction function to changes in inflation. Whereas previously the Fed used to target specific rate of...
Will the Fed Offer More Than Mere Change in Ambitions?
Asian stocks posted modest gains, while European equities have been moderately declining as wait-and-see stance seems to be the most preferable ahead of Jeremy Powell's landmark speech today. There is...
US/China Conflict Fears Over South China Sea
South China Sea Operations Pose RisksEarlier in the week, US/China headlines finally had some positive news after months of hostility between the two nations over a series of events. Reports that...
Johnson Puts Fresh Focus on Brexit Trade Deal
New Advisory Panels EstablishedIn a sign that the UK PM is determined to clinch a last minute trade deal with the Eurozone, Boris Johnson has reportedly established a new set of advisory groups aimed...
US/China Trade Talks Resume Following Three Month Break
Fresh Progress NotedGlobal risk appetite has been bolstered this week by encouraging reports regarding the health of US/China trade negotiations. The Office of the US Trade Representative confirmed...
Trade Deal Optimism Fuels Upside in Equities, Justifies Extension of Bullish Momentum
US equities climbed to a new record high in a decisive move at Monday opening, breaking through 3400 level, sending relief waves to the markets which extended to the Tuesday session. Greenback managed...
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