All posts by Paul Harrison

Signs of easing Sino/US tensions continue as China exempts some US agricultural products from additional tariff’s and US President suggesting an interim pact is possible. Lower  level US/Sino officials are expected to meet next week in Washington to set the agenda for senior level talks in ...
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Thursday September 12th, 2019

Another positive sign of progress in the Sino/US trade dispute as US planned tariff Increases are delayed in ‘Gesture of Goodwill’ to China. Safe-have Yen weakened, Cny strengthened to 3 week high and Aud hit a 6 week high. ECB lowers its deposit rate, keeps interest unchanged and restarted QE p...
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Wednesday September 11th, 2019

China’s announcement of tariff exemptions on 16 types of US products has been viewed as a positive sign of easing trade tensions. China’s Global Times comments that China would introduce “Important Measures” targeted to ease the impact on the economy from the trade dispute. G...
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Tuesday September 10th, 2019

Positive comments by US Treasury Secretary “made a lot of progress” in trade talks suggesting a trade deal is possible. Chinese vice-ministers are expected to travel to Washington mid-September. Growing trade optimism saw investors return to “risk-on” trades with CNY rallying...
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Monday September 9th, 2019

US$ remains generally weaker vs major currencies after Fridays jobs data and expectations that the Fed will cut rates at its next meeting. Fed Chair on Friday cited “risks in particular U.S.-China trade tensions that may derail the current U.S. economic expansion”. Market optimism for US...
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Friday September 6th, 2019

Investors appear to be ending the week on a positive note as optimism grows for Sino/US trade resolution, positive US data and reduced risk on “No-Deal Brexit in the UK. US$ index remains relatively stable, safe haven currencies continue sell off and China CNY rebounded. US Nonfarm payroll and...
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Thursday September 5th, 2019

Trade talks were front and centre today. “Lead negotiators from both sides had a really good phone call this morning,” ministry spokesman Gao Feng said in a weekly briefing. “We’ll strive to achieve substantial progress during the 13th Sino-U.S. high-level negotiations in ear...
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Wednesday September 4th, 2019

Major currencies rebounded from yesterday’s lows vs US$ as political risks in Italy and UK eased investors concerns. In Asia, Hong Kong leader announces withdrawal of controversial extradition bill, which was a key demand for protestors. HK stocks rallied 4% on the news. Chinese CNY recovered from...
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Tuesday September 3rd, 2019

Volatile markets welcome investors back after the long weekend. US tariffs on Chinese goods went into effect September 1st, with China responding with tariffs on Crude. Chinese govt has also lodged a complaint with the World Trade Organization.  Not surprisingly China & US have still not agreed...
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Friday August 30th, 2019

Equities rallied on optimism for the proposed Sino/US trade talks, but currency markets appeared less optimistic. Euro is near 2 year lows, Aud is near 10 year lows and CNY vs US$ is set for its worth month since 1994. Market uncertainties continue into the weekend as US  imposes tariffs, two state...
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