Archive for Economics & Fundamentals

EUR/USD: Stay long for 1.1960

By Macroeconomic overview: Congressional Republicans took important steps on Thursday toward U.S. tax-code overhaul, with the House of Representatives approving a broad package of tax cuts, and a Senate panel advancing its own version of the legislation sought by senior lawmakers and President Donald Trump. The House vote shifted the tax debate to the […]

The New US-Chinese Globalization Opportunity

By Dan Steinbock While US postwar policies in Asia are shifting, a new Sino-US historical opportunity has emerged. US and Chinese visions of globalization could still prove complementary. President Trump’s grueling 12-day Asia tour took place amid a worrisome historical moment. Since the mid-2010s, global economic integration – as measured by trade, investment and migration […]

US House Plan Passes Tax Reforms Bill

By Orbex Blog Daily Forex Market Preview, 17/11/2017 The US house plan passed the much-anticipated tax reforms plans on Thursday. The tax reforms are expected to see corporate tax being cut to 20% from the current 35% including other tweaks in an attempt to make businesses more competitive and attractive in the United States. The […]

US tax bill send equities soaring

Article by ForexTime The Tax bill has been talked about for some time, and today was the day for it. Obviously, it cleared the US house easily enough and is now on its way to the senate; where the republicans have control as well. What does this mean for markets? Well put simply it cuts corporation […]

Trump’s Asia Tour: From Old Conflicts to New Prospects

By Dan Steinbock Trump’s grueling 12-day Asia tour was a quest for mega deals.  US policies in Asia are shifting. The stress on competitive strategic visions is being redefined by historic bilateral economic opportunities with China, Vietnam, South Korea, the Philippines and other ASEAN and APEC nations. Diplomatic history has its ironies. In the Obama era, US […]

Indonesia maintains rate, raises 2018 growth forecast

By         Indonesia’s maintained its benchmark 7-day Reverse Repo Rate at 4.25 percent, saying the domestic economy is continuing to grow “with a more equitable and balanced structure” and the current interest rate is sufficient to keep inflation in line with the target range and the current account at a healthy […]

EUR/USD: Use dips as fresh buying opportunities

By Macroeconomic overview: Underlying U.S. consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent disinflationary trend worrying the Federal Reserve probably had ended. The rise in the consumer price index, excluding the volatile food and energy categories, reported by the Labor […]

Buy the dip or sell the rally?

Article by ForexTime U.S. stocks logged their fourth drop in the past five trading days, falling to a three-week low with the S&P 500 closing 1.25% below its record high on Nov 7. The sell-off yesterday was driven by the energy and consumer non-cyclical sector which fell 1.1% and 1% respectively, while Telecoms and financials […]

USD stages comeback on CPI and retail data

Article by ForexTime It’s been a positive day for US economic data as retail sales surprised analysts lifting to 0.2% (0.0% exp). This shows a strong build up in the period before Christmas where retail sales is generally quite strong as well, and will bode well for the economy and the FED which is a […]

Iceland maintains rate as economic boom slows fast

By       Iceland’s central bank kept its key rate on 7-day deposits at 4.25 percent, as it had flagged last month, saying the current stance “appears sufficient at present to keep inflation broadly at target” amid easing demand pressures and an improved inflation outlook.      The Central Bank of Iceland (CBI) […]

Dollar sulks ahead of US CPI and retail sales

Article by ForexTime The Dollar extended losses against a basket of major currencies on Wednesday ahead of anticipated consumer inflation readings and retail sales data release in the afternoon. It seems that the growing uncertainty over the proposed tax reforms have weighed heavily on the Greenback and as such, can be reflected in the bearish […]

EUR/USD continues its recovery

By Macroeconomic overview: The EUR/USD continues its rise today, getting a boost from Tuesday’s upbeat German economic data. Germany’s seasonally adjusted GDP rose by 0.8% on the quarter, beating market forecast of 0.6%. Yesterday’s data showed U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, […]

Global stocks lower, UK jobs data in focus

Article by ForexTime A negative vibe was felt across financial markets during Tuesday’s trading session, as the combination of tumbling oil prices and growing uncertainty over the outlook of the proposed U.S tax reforms affected risk sentiment. World stocks were under noticeable selling pressure yesterday, thanks to the absence of risk appetite, with investors now […]

Chile holds rate, still pondering rate cut on low inflation

By        Chile’s central bank kept its monetary policy rate at 2.50 percent and repeated its guidance from last month that its board is paying special attention to the risk of low inflation as this “could require adjusting the policy rate.”       The Central Bank of Chile, which has cut its […]

The Trump Administration’s IP Battle Against China

By Dan Steinbock In recent weeks, friction between the White House and China has escalated in intellectual property. The question is, will it result in a global trade war. In mid-August, President Trump asked U.S. Trade Representative Robert Lighthizer to open an investigation into China’s intellectual property (IP) practices. “This is just the beginning,” Trump […]

Armenia holds rate, but gradual tightening in near future

By       Armenia’s central bank kept its benchmark refinancing rate at 6.0 percent for the fifth time in a row, but said a gradual neutralization of monetary stimulus will be necessary in the near future to reach the inflation target as inflation expectations were growing slightly faster than the rise in international […]