Monthly Archives: May 2020

Friday May 29th, 2020

Sino/US tensions continue as the Chinese parliament advances the national security legislation for Hong Kong. The move has been condemned by a number of countries, the US President has vowed a tough response and is holding a press conference today. The markets are mixed ahead of the US President’s...
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Thursday May 28th, 2020

Sino/US tensions over technology, human rights violations and the HK security law continues to dominate headlines. US Secretary of State certified to congress that Hong Kong is not autonomous anymore and is contemplating removing HK’s preferential status when it comes to tariffs. The markets have ...
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Wednesday May 27th, 2020

Sino/US tensions return with US considering actions against China as protestors return to the streets in Hong Kong over China’s proposed security law. Chinese CNY weakened vs the US$ hitting a 9-month low on concerns of possible international response to its proposed HK Security law. AUD, NZD &amp...
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Tuesday May 26th, 2020

Markets appear to be shrugging off the Sino/US tensions with investors switching back to a “risk on” strategy. Monday’s positive German IFO data has increased expectations that today’s US Consumer Confidence will bounce from its lows in April. Vaccine hopes are have also helped boost investo...
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Monday May 25th, 2020

A quiet start to the week amid public holidays in Singapore, UK and US with US$ and Oil prices remaining stable. Sino/US tensions remain high as HK protesters return to the streets with their biggest protest in months & are threatening more protests. US lawmakers are advancing a bill that would ...
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Friday May 22nd, 2020

Sino/US tensions increased on the news that China is planning to implement a new national security legislation in Hong Kong. The US President responded saying that Washington would react “very strongly” to Chinese proposals to the change of law in Hong Kong. Also in China, the National People’...
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Thursday May 21st, 2020

Sino/US tensions continue to rise as the world’s two largest economies tussle over the perceived transparency and communication of the Covid-19 outbreak in China. US-China tensions are expected increase as we approach the US elections in November. China’s NPC to propose the National Security...
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Wednesday May 20th, 2020

Oil prices remain firm – FOMC minutes today – Vaccine doubts being raised – UK inflation sinks below 1%. US$ index remains relatively flat vs a basket of major currencies. Emerging market currencies are starting to come under renewed selling pressure as recession fears returns. Chinese CNY...
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Tuesday May 19th, 2020

Monday saw a strong “Risk-On” rally boosted by the proposed EU Fund of Euro 500 bln lead by German and France and on hopes for the Moderna coronavirus vaccine. Major markets responded positively to the prospects of a coronavirus vaccine, even though it is still at early stages of testing. Trade ...
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Friday May 15th, 2020

US$ index remains strong, while the Chinese yuan is set for its biggest weekly loss in May. AUD and NZD end the week lower on global growth concerns, GBP remains under pressure on Brexit fears and ZAR rebounds as US$ rally stalls. Sino/US tensions continue as the US President states that the era of ...
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