Trade tensions are on, as markets brace for renewed volatility
Here's the initial reaction this morning:
- USD/CAD +1.5%
- USD/MXN +2.7%
- USD/CNH +0.5%
- EUR/USD -1.2%
- AUD/USD -1.5%
- Nikkei -2.5%
- HSI -1.5%
- KOSPI -2.8%
Here's what to expect ahead
ig.com/sg/news-and-trade-ide…
All eyes on the US non-farm payrolls tomorrow, as policymakers’ primary focus shifted towards supporting the labour market over #inflation.
Here's what to expect for the upcoming US #job report: ig.com/uk/news-and-trade-ide…
#USdollar #DXY #USD
With geopolitical tensions simmering between Israel and Iran, we share our views on what’s next, and what to watch (#OilPrices , #GOLD , energy & defense stocks, #JPY, #CHF, #USdollar)
ig.com/sg/news-and-trade-ide…
US Election 2024 playbook: How can we position for a Trump or Harris win?
ig.com/uk/news-and-trade-ide…
#USElection2024 #USelection #HarrisWalz2024 #Trump2024Vance #USDollar #China
Yeap Jun Rong retweeted
This week, we look at gold prices, which continue to extend its gains into record-high territory. @Yeap_IG shares: tinyurl.com/k784vene
The debate for #Fed’s rate cut is finally brought to rest. What does it mean for #WallStreet and the #USdollar ahead?
ig.com/uk/news-and-trade-ide…
The #STI is currently trading at its highest close since April 2018. What's ahead?
- #Seasonality suggests a year-end drift higher
- Revival in institutional interest lately
- BUT #Fed’s rate cuts may be a near-term hurdle (historical performance)
ig.com/uk/news-and-trade-ide…
#BoJ is set to hold their monetary meeting across 19 – 20 Sep 2024.
Short-term policy rate to be kept unchanged for now, but clues will be sought on the timing of the central bank’s next move
Here's what to expect and what it means for #JPY and #Nikkei:
ig.com/uk/news-and-trade-ide…
#Oil prices dipped to its lowest level since Dec 2021
Investors immune to #MiddleEast tensions by now, with focus around the prolonged weaker demand outlook from #China, rising supplies from higher US oil production, and a gradual restoration from #OPEC+ ahead
#BrentCrude #WTI
Yeap Jun Rong retweeted
Another risk-off session on Wall Street last Friday has offered little conviction for risk-taking across the region into the new week, as market participants continued to unwind from growth sectors. @Yeap_IG mentions: tinyurl.com/5n6bxtt4
Another miss in China's #inflation
#CPI: 0.6% YoY vs 0.7% est
#PPI: -1.8% YoY vs -1.5% est
Price gains are not broad-based, which validates little pick-up in domestic demand. Core CPI (ex. food & energy) up 0.3% YoY, -0.2% MoM.
Chinese equities dipped alongside broader risk-off
Yeap Jun Rong retweeted
As September is off to a rough start for global markets, we look at the USD/CAD and USD/JPY in today’s FX Watch. @Yeap_IG writes: tinyurl.com/jt7vfyvz
A September rate cut from the #Fed this month is likely a done deal. We look at some of the historical sector performance in the lead-up and following the first rate cuts from the Fed.
ig.com/uk/news-and-trade-ide…
Yeap Jun Rong retweeted
What to watch for US Dollar Index, Spot Gold, Hang Seng Index. @Yeap_IG shares: tinyurl.com/343e4yjn
Yeap Jun Rong retweeted
Attention this week will fall on a series of economic data to help resolve the debate between a 25 bp and a 50 bp cut for the upcoming Fed meeting. @Yeap_IG reports: tinyurl.com/4cmp47st
Key events next week 2 – 8 Sep:
- 2 Sep (Wed, 9.45am SGT): China’s Caixin manufacturing #PMI
- 3 Sep/5 Sep (10pm SGT): US ISM manufacturing & services PMI
- 4 Sep (Wed, 9.30am SGT): Australia’s 2Q #gdpgrowth - 6 Sep (Fri, 8.30pm SGT): US non-farm payrolls
ig.com/sg/news-and-trade-ide…
Some big moves in #sugar prices lately.. Time for a sugar rush?
We check it out in today's #Commodities Watch:
ig.com/uk/news-and-trade-ide…
Yeap Jun Rong retweeted
Within the STI, property counters and S-REITs are seeing broad gains in today’s session, coming off the dovish tone from Fed Chair Jerome Powell at Jackson Hole. @Yeap_IG mentions: tinyurl.com/yc22jr5p
