Archives

Even though both the US and China are optimistic of a possible deal, Trump’s tweet left the market confused. It would be safer to stay on the sidelines.

Until the EU accepts the deal, we believe that it may be too early to buy into pound.

As the odds of a rate cut increases after a worse-than-expected US job report, investors may start to price in one more rate cut this year. Short USD/JPY?

US NFP tonight may be well below the estimates, short USD/JPY & long silver (XAG/USD).

RBA is likely to cut rate tomorrow, short AUD/USD at any rally.

New Zealand dollar rose after RBNZ highlights no significant change in monetary policy outlook. With further easing not likely to happen, NZD/USD could rise higher.

German PMI fell to a decade low at 41.4, confirming doubts that Germany is tipping into a recession. EUR/NZD could head lower towards the 1.7300 price level.

A less dovish Fed and the US repo market chaos continue to weigh on risk sentiment, short USD/JPY.

Oil’s rally will hold for some time, short USD/JPY amid risk poor risk sentiment

Major ECB policymakers’ remarks last week cast doubt on the likelihood of a major stimulus package promised by Draghi. EUR/CAD could head higher if ECB under-delivers.

Trump said on Twitter today that the US will delay a tariff increase of USD$250 billion on Chinese imports that was to take effect 1 October. Long AUD/JPY?

Treasury yields recovered as risk sentiments stabilised due to US-China trade tensions easing and investors fear the ECB could announce less stimulus this week.

Trump and Xi will be having their formal meeting next month and Chinese sources are suggesting a breakthrough could occur. The improvement in risk sentiment could push gold lower in the short term.

With Canada’s economy going strong, Governor Poloz may continue to monitor data and keep rate cuts on the table. CAD/JPY could rise but further upside could be limited.

Governor Lowe kept rates unchanged as it awaits further insights from economic data before slashing rates again. EUR/AUD could head lower.

Gold’s rally is invincible now, always buy gold at dip.

Since its launch last year, Fullerton Foundation has grown from strength to strength, having initiated seven charitable activities across the ASEAN region in 2018 alone.