The lands down under both suffered a sell-off of their currencies in early Asia trading this morning, as economic data failed to impress. Kiwi hit on jobs data NZD/USD slumped to near two-week lows after employment data showed jobs growth in the fourth quarter of 2018 expanding at its slowest pace since Q2 2017. Jobs
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After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
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I posted earlier previews of the BoE at these links: This now (in summary) from BNP: A weaker global backdrop and prolonged Brexit uncertainty is likely to see the MPC revise down its forecasts for growth and inflation We expect the committee’s rhetoric to continue to reflect the dovish shift evident in the minutes of
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Australian Dollar, National Australia Bank Business Confidence Quarterly, Talking Points: The NAB’s quarterly business survey was downbeat for 2018’s last three months But monthly versions have already told that tale AUD/USD inched down, but this week has perhaps seen damage enough First-quarter technical and fundamental forecasts from the DailyFX analysts are out now. A punch-drunk
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Prepared by Jeff Halley, Senior Market Analyst Another central banker has “blinked” with the RBA Governor Lowe shifting to a neutral stance joining the Federal Reserve and ECB. We can expect more of the same from the Bank of England (BOE) this evening. Governor Carney has been quite vocally Brexit’s Angel of Death and an
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Jair Bolsonaro, Brazil’s president, pauses as he delivers a speech during a special address on the opening day of the World Economic Forum in Davos, Switzerland, on Tuesday, Jan. 22, 2019. Photographer: Jason Alden/Bloomberg photo credit: © 2019 Bloomberg Finance LP© 2019 Bloomberg Finance LP Privatization is yesterday’s political polemics. The market wants Brazilians to
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More comments flowing in from the Fed Vice Chairman of Supervision Randal Quarles, but nothing much on the monetary policy again. “We have better tools than monetary policy to address financial stability concerns”. Most focused on the direction of global growth, the downdraft in China and Europe, trade policy. Liquidity positions of banks are much
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CONSOLIDATION HAS been a decades-long trend in American banking. In the years before the financial crisis giants were formed in a dizzying series of mergers and acquisitions. But since the crisis passed, the hook-ups have been between smaller banks; the presumption has been that big deals would be blocked on competition grounds. That big-deal drought
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The know hows on dealing with slower trading periods Lulls in trading can present just as much challenges as periods of great movement and volatility. During quieter intervals however, ranges can be smaller due to the reduced volatility with many institutional traders away from their desks – what is the overall impact of this on
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The simmering trade war is still–well, simmering. Markets rise and fall with each new rumor. That’s an important change. It took months for investors to realize this wasn’t just another Trump threat. In fact, trade policies he thinks are unfair have long been one of his sore spots. Now he can do something about them,
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