Weekly Economic & Political Timeline - 18 August 2019

18 August 2019 | 11:55 am

This week is likely to see a similar or greater level of market activity compared to last week, with no central bank input due concerning the U.S. and Australian Dollars.

Are Recession Fears Overblown?

16 August 2019 | 9:08 am

The markets have been abuzz with recession talks and concerns since the 10-year and 2-year Treasury note yields briefly inverted on Wednesday.

Hong Kong Prepares Stimulus Package

15 August 2019 | 2:33 pm

Following months of both political and economic upheaval, Hong Kong’s government announced on Thursday it’s plan to implement an economic support package.

Corbyn Intends to Stop No-deal Brexit

15 August 2019 | 1:58 pm

The British Labour Leader Jeremy Corbyn called the leaders of the opposition to back him as a future Prime Minister to stop a no-deal Brexit.

Dow Suffers Worst Day of Year on Recession Fears

15 August 2019 | 9:48 am

Analysts may be predicting that a recession is coming in the coming months, but traders took began to support that theory immediately, selling off stocks on a grand scale on Wednesday

Pound Higher after Upbeat Data

14 August 2019 | 1:46 pm

Prior to the release of YK retail prices, housing and inflation data by the UK Office of National Statistics, the Pound Sterling had been trading close to a 3-year trough.

Tory Ex-Chancellor Warns Against No-deal Brexit

14 August 2019 | 1:41 pm

The former British Chancellor Phillip Hammond warned against a no-deal Brexit, ridiculing the idea that the UK would be better off in such a situation.

Gold Prices Fall After Hitting Six-Year Highs

14 August 2019 | 7:53 am

After hitting a six-year high on Tuesday morning, gold prices retreated on news that the U.S. Trade Representative may delay tariffs on some Chinese imports.

UK Wages Data Surprises

13 August 2019 | 2:17 pm

Ongoing concerns over the possibility of a hard crash out of the European Union dominated sentiment for Pound Sterling traders.

USA Supports No-deal Brexit, Seeks UK Trade Deal

13 August 2019 | 2:05 pm

The United States National Security Adviser John Bolton said that the US would propose a series of accelerated trade deals with the United Kingdom, adding that the US government supports a no-deal Brexit.

Hong Kong Protests Have Global Economic Impact

13 August 2019 | 8:52 am

The global economy has been having a busy summer, between the excitement surrounding the Federal Reserve’s interest rate cut, the on-again-off-again trade negotiations between the United States and China

Sterling Higher as Focus Shifts

12 August 2019 | 2:37 pm

The Pound Sterling eased back into positive territory against both the euro and the US Dollar, though analysts expect any gains to be limited and swiftly lose momentum.

British Labour Party Considering No-confidence Vote

12 August 2019 | 2:00 pm

The British Labour party is considering holding a no-confidence vote against the Prime Minister Boris Johnson.

Yuan Fixed Below 7 for Third Straight Session

12 August 2019 | 7:24 am

The People’s Bank of China set the official midpoint reference or the country’s currency at 7.0211 per dollar on Monday, the third straight session that the Chinese currency has fallen below the 7 per dollar level.

Weekly Economic & Political Timeline

11 August 2019 | 12:20 pm

This week is likely to see either a little less or a similar level of market activity to last week, with no central bank input due concerning any major currencies.

RBA Governor Optimistic

9 August 2019 | 10:07 am

Though markets are still awaiting the official monetary decision of the Reserve Bank of Australia, they received a bit of good news from the RBA Governor as he addressed the Australian Parliament earlier today.

Pound Up After China News

8 August 2019 | 4:00 pm

After news that Chinese exports edged unexpectedly higher in July, the British pound was able to recover some of its recent losses.

Chinese Exports Rose in July, Amid Trade Tensions

8 August 2019 | 2:43 pm

Chinese exports surprisingly rose in July, despite the growing trade tensions between China and the United States.

Oil Markets Next Victim in Volatile Market

8 August 2019 | 7:39 am

Oil futures headed significantly higher on Thursday morning in Asia after both Brent crude and U.S. WTI futures plummeted more than 4 percent on Wednesday,

RNBZ Shocks FX Trade

7 August 2019 | 2:35 pm

The Reserve bank of New Zealand shocked markets on Tuesday with a more aggressive rate cut than had been expected.

Irish PM: No-Deal Brexit Seems More Likely

7 August 2019 | 1:53 pm

The Irish Prime Minister Leo Varadkar said that a no-deal Brexit seems "more likely".

China Sets Yuan Against Dollar, Aussie Hits 10-Year Low

7 August 2019 | 8:21 am

The People’s Bank of China set the yuan midpoint at 6.9996 per dollar early on Wednesday after the Chinese currency sunk below the 7 per dollar mark

Pound Higher, but Brexit Weighs

6 August 2019 | 2:38 pm

Though currently trading slightly higher, the British Pound remains near to recently struck multi-month lows against the Euro as fears of a hard Brexit dominates Pound sentiment.

Trump's Claims Damage International Markets

6 August 2019 | 2:00 pm

The People's Bank of China (or PBOC) said that President Trump's accusations against the Chinese could cause chaos in the financial markets.

Stock Market Slaughter Continues

6 August 2019 | 8:22 am

U.S. stock markets saw their worst day in 2019 on Monday as trade war concerns continued to worry investors and prompt selling.

Brexit Noise Dominates Sentiment

5 August 2019 | 2:35 pm

With less than three months left before Britain is expected to leave the European Union, investor fears are escalating on concerns that the split will not be favorable.

Japan to Intervene in the Currency Market

5 August 2019 | 1:58 pm

The Japanese Vice finance minister for international affairs Yoshiki Takeuchi cautioned investors against driving up the Japanese Yen

U.S.- Sino Trade War Continues to Plague Markets

5 August 2019 | 8:38 am

Over 390 days into the trade war between the United States and China, the tension shows no sign of easing, and traders have continue to take notice.

Weekly Economic & Political Timeline

4 August 2019 | 12:27 pm

This week is likely to see either a little less or a similar level of market activity to last week, with central bank input due concerning the Australian and New Zealand Dollars.

US-Sino Trade Rift Back in Focus

2 August 2019 | 10:19 am

The safe haven Japanese Yen was broadly higher after the latest rhetoric from the US President.