Another brick in the wall – marketpulsemarketpulse


World leaders were quick to condemn President Trump’s executive order to ban US travel from 7 Muslim countries. Gender binary And the global reaction has been one of universal condemnation

As for the markets, it’s certainly grabbing a lot of headlines but its doubtful that it will have any significant impact. Convert ils to usd However , it will add to the waves the civil unrest that’s now becoming commonplace in the US, which in itself will be unnerving for investors if the US becomes fertile ground for civil disobedience.

Investors will continue to be frustrated by the lack of clarity on the economic front as the president continues to focus on protectionism and immigrations.The fear is that the market may start to think that personal vendetta is clouding the Oval Office judgment and investors could express a huge vote of non-confidence through the markets.

The increase in civil unrest alone should be a concern for investors, and with a lack of clarity on the Economic Policy front, markets will be cantankerous early in the week as they’re completely uncertain of what’s next from President Trump on the geopolitical landscape.

I suspect the usual safe-haven plays will be in vogue early, as USDJPY has moved lower in early trade influencing the Greenback across the G-10 space.But I don’t believe this immigration stance is economically disruptive to the scale it will dampen Wall Streets current momentum and the dollar should regain solid ground quickly.

The Dollar ended the week on the firmer ground across most currencies, despite Friday’s weaker than expected Q4 GDP. Rbi forex rates As the key capital goods component was positive, this despite the headline disappointment in US GDP and durable goods. Usd inr exchange rate today The markets are less focused on backwards looking data as President Trump has been in office for little more than a week and has yet to cement key policies involving Trade, Tax and Fiscal expenditures. Code c online Depending on the scale of the infrastructure projects, US GDP could push well beyond 3% this year.

The BoJ played a significant role in USDJPY fortunes by increasing the 5-10 year bond purchases to ¥450 billion from ¥410 billion on Friday. Marketing future It was a big surprise to traders as the BoJ had skipped the 1-5 year bond purchases on Wednesday, which likely exacerbated Friday’s outsized topside move. Us stock market futures quotes However, with the BoJ policy meeting next week, the Central Bank is sending a clear signal to the markets that they will be resolute in keeping the JGB’s 10-year yields near 0% for the foreseeable future.

The Mexican Peso will remain in the limelight, with current proceedings being viewed cautiously around the world. Usd to aud calculator US trade policies directed at Mexico could be a precursor of the events to unfold in Asia. Usd to gbp conversion rate However, when trading in a market driven by a political headline, more so in a highly crowded trade while competing with algorithms for reading “market-moving’ headlines, it is a dangerous game to separate the chaff from reality. Rmb to usd exchange rate While relations between Trump and President Nieto are clearly a work in progress, it is clear that Obama’s administration diplomacy is out the window in favour of boxing gloves in the ring. Market value of futures contract On a positive note, the discussions will likely continue.

Not to be outdone by the plethora of Mexico headlines, USDTRY had a wild ride in very thinly traded markets when comments from Turkey’s President Erdogan hit the news ticker. Stock market in the future He has said “that raising interest rates would impact both the currency and inflation in a negative direction and defended the removal of the top-bottom issue to maintain the policy rate,” which greenlighted” the TRY bears to sell Lira as the prospects of additional intervention on the Turkey interest rate money markets is now unlikely.

While the confluence of the Credit Rating Agency’s warnings and downgrades added some fuel to the fire, But we have come to accept that rating agency induced moves have little legs. Gender pregnancy symptoms However given the sheer amount of negative momentum in the Lira, it certainly didn’t help matters.

The RMB complex continues to be very much shackled to the broader US dollar momentum, yet we continue to witness extreme moves in low liquidity NY trading hours. Binary keyboard Given that we are in the midst of the Lunar New Year, China’s most important holiday, liquidity is expected to remain quite thin and minor headlines from the US administration, especially those around trade, could produce a significantly outsized move.

Mainland policymakers’ unyielding approach to both FX regulation and capital controls have significantly decreased outflow pressure. Adding binary However, given just how big negative reception these iron-fisted policies have had from the international investor community, it is unlikely these systems can continue in perpetuity.

Domestically, the RMB may not receive much support for the new MLF tightening as it does not necessarily mean higher SLF (interbank rates). Aed usd exchange rate However, early January’s funding conditions have severely dampened investor appetite in the offshore markets.

The key to the Yuan’s fortunes may lie in future implications around US-China trade relationships. Exchange rate idr to usd If we thought the Mexican standoff had far-reaching consequences, just wait until these two major powers enter the ring. Usd to lkr Given the new globalist tact from Mainland policymakers, it is possible negotiations will commence from polar opposite sides.

Negotiations will take the long road, fraught with peril, so expect a very bumpy ride. Gbp usd chart Overall, I expect cemented views on US Trade, Tax and Fiscal policies to be the ultimate dragon slayer as broader USD appeal will ultimately weigh negatively on the RMB. Binary subtraction Pick your spots wisely on the short CNH trade.

A call was scheduled between Trump and Merkel, as well as Trump and Hollande this weekend. Text to binary converter online Merkel is reportedly urging EU countries to expedite Asia trade given Trump’s policies. A leaked paper to EU finance ministers cited 12 Asian countries as the targets: IDR, PHP, MYR, INR, CNY, SGD, JPY, THB, VND, MMK, AUD and NZD. Cool pictures to draw for beginners However, the discussion between Trump and Merkel was more focused on NATO and more specifically, sharing the burdening costs among all members.

With regards to the recent strength in local currencies, it is more about less USD conviction in very crowded trades as investors were very much convinced local currencies would weaken in early 2017. Aud usd forecast And while we continue to see pockets of interest on selected ASEAN currencies, I suspect it’s more a case of position squaring and foreign investors buying into regional undervalued equity markets on some extreme currency moves early in the year. Exchange rate usd to ringgit malaysia As I continue to monitor the US economic uptrend intact, I struggle to see a sustained regional economic uptick, especially in the face of possible US trade sanctions. Future of marketing communications So buying into the current local rally may be little more than an exercise in folly.

Finally, I think the Fed Funds’ futures markets is under-priced by only factoring in two rate hikes for 2017. Dollar exchange rate euro With the inflation aspect of Trumpenomics, the local currencies are very susceptible to a higher repricing of US interest rates, especially if the next FOMC meeting delivers a hawkish view and a March hike becomes a reality. Exchange rate us to british pound Further pressure on regional currencies will happen if the Feds hint at the eventual balance sheet tapering

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