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Dollar Higher Amid Uncertainty and Fed Comments

The US dollar is higher against most major pairs on Thursday. The greenback is only down against the Japanese Yen which rose 0.42 percent. Geopolitics and a strong dollar combined to keep stock markets under pressure. The investigation on the disappearance of journalist Jamal Khashoggi, US-China co ...

Oil Prices on Rollercoaster as USD Rebounds and Supply Concerns Ease

Oil prices had bumpy ride on Thursday. Crude was on the decline at 9am in the morning, but the bounce in US stocks pulled oil out of sessions lows. The bounce did not last long and by 2pm West Texas Intermediate was trading below $69 with Brent holding on to gains a little better at $79.67. Oil ...

Be Careful With These Stocks: YECO | CREG | CCCL | CCIH

Yulong Eco-Materials Ltd (NASDAQ: YECO), China Recycling Energy Corporation (NASDAQ: CREG), China Ceramics Co Ltd (NASDAQ: CCCL), and ChinaCache International Holdings Ltd (NASDAQ: CCIH) are all flying in the trading session this morning, all with gains over 10% and one trading at two times what it ...

Major Asset Classes | Correlations Profile | 18 October 2018

Return correlations for the major asset classes continue to trend higher this year, based on the median of pairwise relationships for rolling one-year periods via a set of exchange-traded products. The median correlation is still well below levels reached in 2017, but the upward bias of late implie ...

Macro Briefing: 18 October 2018

US spy agencies see link of Saudi prince to Khashoggi’s disappearance: NY TimesTrump reluctant to abandon Riyadh over missing journalist: ReutersKhashoggi crisis widens rift for Trump and Congress on Saudi Arabia: BloombergUK looking for extension on transitioning out of EU: BBCUS Treasury declin ...

The Yuan trades at weakest level since Jan 9 2017

Hours after the Treasury Department stopped short of declaring China a currency manipulator, the yuan broke past this year’s low to its weakest level since January 2017. While the outcome of the report wasn’t a surprise, the currency had traded in a tight range near the mid-August low in the da ...

Daily Markets Broadcast 2018-10-18

Daily Markets Broadcast   2018-10-18 Wall Street lower as US yields rise post-FOMC minutes US indices consolidated the previous day’s strong gains with a mild retracement. Minutes of the last FOMC minutes showed a hawkish bias, which pushed US yields back up and put pressure on stocks. Weaker o ...

Asia market update: a busy session is unfolding

The Yuan USD bullish sentiment post FOMC minutes outweighs Treasury FX Report. The  CNH playbook remains intact and should not provide any is a significant short-term relief for local EM currencies. High US bond yields and a rebounding US dollar continue to pose substantial headwinds. The Yuan fix ...

Risk Aversion Lingers

Risk Aversion Lingers It was a shaky day for US equities, but the broader indexes did manage to claw back from the depths of despair but still ended the day slightly lower only 24 hours after the most substantial gains in 6 months and reminding us just how fragile investor confidence is. Risk aver ...

CPPIB and the Caisse Focus on EMs?

CPPIB put out a press release, Driving long-term value creation through investor-corporate dialogue in Brazil:How long-term value creation can be driven by investor-corporate dialogue was the subject of an October 9 discussion with senior executives from Brazilian corporations at CPPIB’s Sao Paol ...