Donne

It’s been a good second half of the week for the dollar, mostly thanks to positive trade news and a hawkish Federal Reserve. The next big catalyst for the dollar will be the outcome of initial US-China trade talks, but US equities have already drawn some support from US President Donald Trump’s more

EU Mid-Market Update: Imminent trade deal between US/UK; BOE expected to cut rates by 25bps; Maersk still pessimistic on Red Sea return; Reports on Intel's large foundry contract with Microsoft. Notes/observations - European and Asian stocks rise on optimism over trade talks. US equities ended highe

Markets Markets took a slow start to the trading week as the risk rally fizzled and with UK markets closed for May Day holiday. The German Dax’s outperformance (+1.1%) was exception to the rule. The index is just a session away from breaking the previous all-time high set in March, implying full ret

XAU/USD Gold jumped over 2% on Monday, lifted by weaker dollar and persisting uncertainty over US-China trade conflict that revived safe-haven demand. Strong bounce followed repeated failure to register clear break of strong support at $3228 (50% retracement of $2956/$3500 upleg / daily Kijun-sen).

The Dollar Index on a confirmed fall below 99 can open the doors for 98-96. The Euro on an immediate break past 1.14 can head towards 1.16-1.18. EURINR has immediate support near 94.50, above which it can bounce back towards 96.50. EURJPY and USDJPY are back within their old range of 164-160 and 145

The Bank of England is poised to cut rates at its 8 May meeting, and markets are pricing a faster pace of easing thereafter. We're less convinced the Bank will deviate from its once-per-quarter cutting rhythm, but we do think it could cut rates to a lower level than investors are currently expecting

Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to moderate the pace of rally in EUR. EUR was last seen at 1.1390 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. 2-way trades

S2N spotlight Let me walk you through the reality of investing. I am going to present the 10-year performance of the major world indices and the factors driving the US stock market. I could pick any two examples, but I think these ones are quite relatable. We start by looking at the cumulative perfo