• NOK gets hit by a flatter Norges Bank rate path than expected, SNB a lacklustre event
• UK Retail Sales beats with previous all revised higher, Cable lifted above 1.3200
• Looking ahead, highlights include, SARB rate decision, US weekly jobs, Philly Fed, Existing Home Sales, ECB’s Weidmann and Praet, supply from the US

ASIA

Asia equity markets eventually traded mixed despite the early tailwind from US where strength in...

• Asian equity markets eventually traded mixed despite the early tailwind from US where strength in blue chip financials fuelled the outperformance in the DJIA
• UK Chequers plan was said to cause divide among EU leaders with some countries calling for EU to engage with the UK and with others unwilling to make concessions
• Looking ahead, highlights include, SNB, Norges, SARB rate decisions, US weekly jobs, Philly Fed, Existing Home Sales, ECB’s Weidmann and...

• Trade war concerns continue to abate as European and Asian equites extend on the previous sessions gains
• UK CPI beats expectations and upbeat Brexit commentary helps Cable improve on 8 week highs
• Looking ahead, highlights include, US Building Permits, Housing Starts, DoEs, BCB rate decision, NZ GDP and ECB’s Draghi

• Asian equity markets traded firmer following the gains in the US. Chinese bourses lifted by support measures announced by Premier Li
• In Brexit, UK PM May claims that an exit deal is virtually agreed, whilst Barnier states the EU is ready to improve its proposal on Northern Ireland
• Looking ahead, highlights include UK CPI, US Building Permits, Housing Starts, DoEs, BCB rate decision, NZ GDP, BoE’s Haldane, ECB’s Draghi and supply from...

• European equities are firmer shruging off US-China tariff action, with 10% seen not as severe as anticipated
• Brent jumps over 1% as Saudi Arabia is said to be happy with oil over USD 80/bbl
• Looking ahead, highlights include, Hungary’s Interest Rate Decision and GDT

• The US confirmed tariffs on USD 200bln of Chinese imports effective September 24th which will begin at 10% and increase to 25% at year end. Trump vowed further tariffs if China retaliates to these measures
• China Vice Premier Liu He was said to convene a tariff response meeting, while there were separate reports suggested that China will likely not send a delegation to Washington for trade discussions
• Looking ahead, highlights include Hungarian rate decision,...

17th September 2018

• Asian equity markets began the week with a subdued tone after Trump reportedly told advisers to proceed with tariffs on a further USD 200bln of Chinese goods
• China reportedly may not participate in planned trade discussions with the US if the Trump administration goes ahead with additional tariffs
• The EU is secretly preparing to accept a frictionless Irish border after Brexit in a move that raises the prospect of PM May striking a deal by the end of the...

Key Events

14th September 2018

• Asian equity markets traded mostly higher as the region took impetus from the US where the S&P 500 notched a 4th consecutive gain
• Chinese data saw Industrial Production print in-line with expectations and Retail Sales beat, while Fixed Assets Investments growth declined to a fresh multi-year low
• BoE Governor Carney said MPC cannot cut rates to offset a no deal Brexit and that house prices would plummet in a no-deal scenario
• Looking ahead, highlights include the Russian rate decision,...

• TRY vs. USD weakens over 3% after Turkish President Erdogan wants Interest Rate cut ahead of expected hike
• Oil sliding as EIA says OPEC ramped up production to cover Iranian losses
• Looking ahead, highlights include, BoE, ECB & CBRT rate decisions, US CPI, weekly jobs, supply for the US

• Asian equity markets were mostly positive with sentiment underpinned by hopes of a de-escalation of the trade dispute after the US invited China for trade talks
• UK PM May is set to announce strict immigration controls as part of an olive branch to Brexiteers. Reports still suggest that her tenure remains under threat
• Looking ahead, highlights include IEA Monthly oil report, BoE, ECB & CBRT rate decisions, US CPI, weekly jobs, supply for Italy and the...

• Dark clouds clearing for UK PM May as ERG downplays overthrow but presents an alternate Brexit deal
• Oil extends previous sessions gains post API’s as Hurricane Florence approaches the Carolinas
• CAD extends overnight gains NAFTA nears a perfect storm on dairy access
• Looking ahead, highlights include, DoEs, Fed’s Brainard & Bullard and supply from the...

• Asian equity markets were lower across the board after the region failed to sustain the early momentum from US
• Around 50 Conservative MPs opposed to PM May's Brexit plan have met to discuss how and when they could force her to stand down
• CAD was boosted by source reports Canada is prepared to allow US dairy access in NAFTA talks
• Looking ahead, highlights include US PPI, DoEs, Fed’s Brainard & Bullard, supply from...

• European equities sold off amid reports China is to ask WTO for trade sanction authorisation vs. the US
• UK Employment Report beats expectations, with Cable then volatile amidst various reports about 1.3100 barrier defence offers in decent size, stops, technical selling and even ‘fat finger’ trades
• Looking ahead, highlights include US Wholesale Inventories, APIs, OPEC meeting, supply from...

• Asian equity markets eventually traded mostly higher amid a similar performance in the US
• In FX, EUR/USD was quiet but managed to reclaim the 1.1600 handle nonetheless and GBP/USD remained firm above 1.3000
• UK Conservative Party Brexiteers are said to have failed to reach an agreement on an alternate Brexit plan
• Looking ahead, highlights include, UK jobs data, German ZEW, US Wholesale Inventories, APIs, OPEC meeting, supply from...

• BTPs strengthening on increased Italian budget confidence
• European equities marginally higher with FTSE MIB outperforming; FX majors seeing choppy trade
• Looking ahead the highlight is Fed’s Bostic

• Asian equity markets began the week mostly subdued following the lacklustre performance on Wall St last Friday after Trump doubled-down on his tariff threats against China
• In FX, EUR/USD and GBP/USD contained, while AUD/USD and NZD/USD eye a test on the 0.7100 and 0.6500 levels to the downside respectively
• EU are reportedly preparing to give instructions to EU Chief Brexit Negotiator Barnier to help achieve a Brexit deal. Meanwhile, Eurosceptic proposals...

Week In Focus:

• European equities trade slightly softer (Eurostoxx 50 -0.4%) following a negative lead from Asia
• EMs continue their re-emergence ahead of key US NFP data
• Looking ahead, highlights include, US & Canadian jobs reports, Baker Hughes rig count, Fed’s Rosengren, Mester, Kaplan and ECB’s de Guindos
• ASIA

• Asian equity markets traded lower following a lacklustre lead from Wall St where continued weakness in tech and underperformance in energy dragged most US majors lower
• US President Trump reportedly hinted that a trade fight with Japan could be next 
• In FX markets, the DXY was flat and consolidated around the 95.00 level as the greenback traded mixed against its major counterparts ahead of today’s key US jobs data
...

• European equities trade mixed with outperformance in the FTSE MIB again
• Markets gear up for an announcement as public consultation ends for USD 200bln worth of Chinese goods
• SEK is the main G10 mover and loser as the Riksbank rolled back its rate hike path and ruled out October
• Looking ahead, highlights include ADP Employment Change, Initial jobless claims, Durables revisions, ISM nonmfg PMI, DoEs, ECB’s Lautenschlaeger and...

• Asian equity markets traded mostly lower after a similar lead from US where the Nasdaq underperformed and the tech sector saw its worst performance in over a month
• In FX markets, the DXY remained subdued and tested the 95.00 level to the downside. JPY firmed following the Hokkaido earthquake
• Looking ahead, highlights include the Riksbank rate decision, ADP Employment Change, Durables revisions, ISM non-mfg PMI, DoEs, ECB’s Lautenschlaeger and...

• European equities trade on the backfoot (with the exception of the FTSE MIB) as the Eurostoxx 50 index falls over 1%
• DXY remains firmly above recent near 95.000 lows and mainly towards the top of today’s range, with broad gains vs almost all rivals
• Looking ahead, highlights include US & Canadian Trade, BoC rate decision, weekly API inventories, Fed’s Bullard, Kashkari, Bostic and Williams