Asian Stocks Talking Points: Asian stocks were mixed Thursday with Japanese shares higher and Chinese ones lower On the FX side of things, the US Dollar continued declining at the expense of other ones Risk trends may continue driving markets. IDR awaits a possible Bank of Indonesia hike Not sure how these developments impacted the […]
Read moreEUR/USD fell today, extending its decline for the fourth consecutive trading session, as persistently firm US Treasury yields continued to bolster the US dollar. Macroeconomic data released in the United States over the current session was good for the most part, with the exception of unemployment claims that rose more than was expected. Initial jobless claims climbed from 211k to 222k last week, exceeding market expectations of 216k. (Event […]
Read moreGlobal trade has been increasingly vilified over the past five years from the global leaders to the distant emerging markets. This criticism comes with many unflattering labels: from isolationism to protectionism to nationalism. All are either direct result or inevitable consequence of the same preoccupying belief that trade is in some way undermining the health […]
Read moreA Look Ahead – Can Australia Jobs Report Offer Lasting AUD Response? The Australian Dollar will look to April’s local jobs report during Thursday’s Asia trading session. However, follow through potential could be lacking if the data does not significantly alter RBA monetary policy expectations. This could be the case given that the central bank […]
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