Nov 21,2019

Last week, crude oil struggled to break from its consolidation phase and, finally, was able to reach September’s high near $58 per barrel. However, oil had a bad start earlier this week, recording more than 4% loss in two trading days following trade pessimism and the inventory buildup reported by......

Nov 20,2019

The 16-month trade war between the US and China had since led to tit-for-tat tariffs on each others’ goods, and as they reach closer to sign a ‘phase one’ trade deal, tariff rollback will be the first compromise taken by both sides in efforts to end the trade war. However,......

Nov 19,2019

Previously, trade sentiment was still in an optimistic zone after US Economic Adviser Larry Kudlow stated that the US and China were getting close to a possible trade agreement. Furthermore, over the weekend, Chinese state media further reported that Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer, and......

Nov 14,2019

Media reported on Wednesday that US and China trade talks are currently facing a drawback over US farm purchases by China, just after recent comments on both sides having to reach consensus. Previously, US President Donald Trump stated this week that he is more than willing to sign the deal......

Nov 13,2019

The Reserve Bank of New Zealand (RBNZ), which was previously widely expected to lower their interest rate decision by 25 basis-point, stunned the market with its decision to keep the rate unchanged at 1.00%. A counter-intuitive resolution that placed the Kiwi on fire, bringing a sluggish market into life. In......

Nov 12,2019

The pound sterling was demanded mainly by investors on Monday, following Brexit hopes during the European trading session. Previously, Brexit’s development went into a halt as the country get ready for its general election on December 12. However, on Monday, Brexit headlines captured the market’s attention while encouraging investors’ risk......