Oct 21,2019

China-US currency deal would not be a new Plaza Accord of one-sided exchange rate movement, analysts say –   –   Currency provisions are expected to be included in any interim deal between China and America following progress made during talks last week in Washington   –  The 1985 Plaza......

Oct 18,2019

A Brexit deal was finally drafted, which agreed upon by UK and EU yesterday, prompting the cable higher. However, gains were limited after DUP stated that they would not back for Johnson’s deal, which suggests the Northern Ireland remain in a customs union after Brexit. Market participants are worried that......

Oct 17,2019

Brexit continues to be the main driver for the market as uncertainties remain on whether or not a deal will surface during the European Council meeting on 18 and 19 October. The pound underwent large fluctuations on Wednesday following mixed news in the market. Earlier yesterday, reports showed pessimism in......

Oct 15,2019

Gold rebounded from its lower levels on Monday following reports that China demanded more talks to be scheduled before signing President Trump’s Phase 1 deal. Trump on Friday said that he is willing to sign a Phase 1 deal and continuing with Phase 2 and 3 following progress in trade......

Oct 15,2019

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Central banks have delivered 32 interest-rate cuts globally this year as a worsening U.S.-China trade war drags down global economic growth. Swap markets suggest we’re not even at the halfway mark for......

Oct 15,2019

Oil prices ended nearly 15% higher on Monday, with the Brent benchmark seeing its biggest jump in about 30 years. The rise came after two attacks on Saudi Arabian facilities on Saturday knocked out about 5% of global supply. Brent crude initially surged 20% at the start of trading, but......