Блог ASandSpider
Can you get over Trump's message?
Yesterday, the President's shock shock led to a steep reversal in the US capital market in the last two and a half hours of the session. Trump talked about introducing China's 200 billion dollar import duties from China, cutting off the enthusiastic feeling about trade relations. Subsequently, even the exit from the WTO was discussed. After an Asian session that came with both China's retaliatory threats and good news, including the raising of the limit from which Chinese income taxes begin. Tod…
NZD declined due to deterioration in business sentiment
The New Zealand dollar was far worst in the morning this morning, due to the value of the business sentiment indicator that has deteriorated to its lowest level ever since the global financial crisis. The ANZ indicator declined in August to -50.3 from -44.9%, reaching the lowest point in 2008 and exerting substantial pressure on the kiwi. It should be remembered that RBNZ Governor Adrian Orr said last week at the Jackson Hole conference that poor performance of the business sentiment indicator h…
CAD and possible concessions on NAFTA
Today, NAFTA talks continued to dominate the markets. Yesterday has brought a possible preliminary agreement between the US and Mexico, but in order for the free trade agreement to be ratified, Canada's permission was also needed. Today, there seems to be some progress in this direction as Canada is ready to make concessions for the Trump administration on the dairy market in the country in exchange for compromises in other areas such as the protection of cultural industries (protection of telev…
The US dollar keeps the trend
The US has experienced the Fed's lack of aggressive interest rates in the past week, signaled by both Wednesday's minutes and Jackson Hole's highly-spoken Jerome Powell speech, both coming after President Trump's comments, dissatisfied with the prospect of increases of additional interest. Some macro data, between which durable goods orders were poor, 0.2% vs. 0.5% expected monthly pace. Monday's month brought an IFO mark above expectations from Germany, showing a growing confidence in the local…
The Turkish lira depreciates
After a relatively calm week, the volatility of the Turkish lira rose on Monday. The tensions between Turkey and the US have not settled, Pastor Brunson is still in custody, and investors do not seem to have any reason to regain confidence in the pound. Financial problems could jeopardize the economic outlook, JP Morgan revising the economic growth forecast for 2019 from 2.8% to 1.1%. USDTRY appreciated today with over 4% today, the Turkish lira showing the weakest performance in the forex marke…
Determining the market trend using the Support and Resistance
One of the most popular methods of technical analysis, used by both professional bankers and brokers, is to determine strength and support levels as well as pivot points. Striking these levels indicates a high probability of continuing the trend previously shown. Resistance and support levels are recognized for their ability to mark the appreciation or depreciation of a particular asset. The most commonly used technical analysis tools for determining the strength / support level include trend li…
The clash of giants, USA versus RPC
The inability of the United States and China to agree on trade taxes incurs not only the economies of the two most economically developed countries but also of the world economy.
The second day of negotiations between China and the US ended with new threats to each other and the announcement of new trade tasks. The US is still confident that it will be able to win victory in the trade struggle, hoping for strong economic growth. At the same time, China seems to have confidence that it will resi…
The second day of negotiations between China and the US ended with new threats to each other and the announcement of new trade tasks. The US is still confident that it will be able to win victory in the trade struggle, hoping for strong economic growth. At the same time, China seems to have confidence that it will resi…
Turnbull's resignation determines AUD appreciation
During the night, important events took place, Australian Prime Minister Malcolm Turnbull being dismissed by his party members. The post will be occupied by Scott Morrison, who won the internal vote in front of former Interior Minister Peter Dutton from 45 to 40. Turnbull is the fourth president in the last 10 years to be internally dismissed. It was a very busy week for both the Australian political sector and Turnbull. He resisted the first attempt to dismiss, obtaining the majority of votes. …
The Australian dollar is depreciating, Prime Minister Turnbull's post
This morning, the Australian dollar recorded the weakest performance in the G10. The situation was caused by the resignations of three ministers, including Minister of Finance Mathias Cormann, the position of Prime Minister Turnbull becoming insecure. On Thursday, he said he would hold elections for the party chairman only if he receives a signed petition demonstrating that most of his party's members are no longer supporting him. The petition was sent, but the prime minister said a Friday meeti…