- Trump woke markets up from their lull with a late-night Tweet, vowing to raise tariffs from 10% to 25% on $200bn of Chinese goods this Friday. Premier Liu cancelled his meeting in Washington this week with reports some officials had delayed their flights until Wednesday.
- AUD led commodity currencies lower and are today’s weakest majors, whilst JPY received safe-haven inflows and saw USD/JPY plummet. The Renminbi gapped lower and sent USD/CNH to its highest level in Since January. WTI extended its slide and hit a 6-week low and now trades beneath its 200-day MA. Chinese equities led global indices lower, with the China A50 shedding -5.3%
- On the data front, China’s Services PMI hit a 15-month high, AU job adverts fell -0.1% (-1.7% prior) whilst a measure of monthly inflation dipped to 0.2% (0.4%prior).
Latest market news
Today 03:58 PM
Today 01:07 PM
Today 12:35 PM
Today 08:26 AM
Web Trader platform
Our sophisticated web-based platform is packed with features.