Key Drivers for the Week of Nov 23 – Nov 27

COVID Vaccine

-Record infections, renewed restrictions dim recovery outlooks as we wait for vaccines -U.S. markets closed Thursday Thanksgiving; Japan closed Monday -Attention on U.S. confidence, income, consumption, durables, knew home sales data -Treasury auctions record $169 bln in 2-, 5-, 7-year notes Monday, Tuesday -BoK expected on hold at 0.50%; Japan services PPI, Tokyo CPI expected […]

Hot Off The Press

British Prime Minister Boris Johnson has come out saying that businesses in the UK need to prepare themselves for an Australian type deal with the European Union. But what does this mean an “Australian Style” deal? Well firstly it must be stated that the PM was pushing for a Canada style deal whereby they agree […]

GBP-Don’t try and catch a falling knife

The Pound is tacking another pounding (sorry couldn’t help  it) with the GBP/USD falling below crucial support at 1.29. The European Commission is expected to take legal action against the UK after approval of a law that violates the Brexit Withdrawal Agreement. They are at loggerheads about State aid with Britain unwilling to accept Brussels […]

Melbourne destroys the Aussie

Retail Sales Australia

The AUD/USD pair has had a 38.3% correction thanks to the strengthening dollar. Although the Aussie was met with better than expected PMI Print with Commonwealth Bank Service PMI coming in at 50 and Manufacturing at 55.5. However the retail sector was hard hit with Retail Sales coming in at -4.2%, from 3.2% in August. […]

AUD rallies ahead of the RBA minutes

Soon the Reserve Bank of Australia will release minutes of the latest monetary policy. with mixed reading coming from the RBA of late, traders are keen to see what comes from he minutes for a more mid term outlook. We have seen an improvement in retail sales from -1.1% to 0.0%YoY and our relationship with […]

US, China Tension Explodes

China on a war path. In Australia, data collection being used as “psychological warfare” by Zhenhua a Chinese company with links to Chinese military and Intelligence networks has collected data including names, date of birth, addresses, marital status , any political associations, relatives, social media IDs and even photographs. The breach has gone global with […]

East Vs West or Frenemies?

The showdown between 2 major economic powerhouses may be coming to an end with fresh talks of the phase one trade talk review. The markets have reacted positively to the news with the Aussie dollar halting it selloff and bouncing up from 0,7165 to a intraday high of 0.7271. The rally has been short lived […]