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6 Mar 2018

Markets find relief in Senator Mike Lee - UOB

Analysts at UOB Group noted that the markets seemed to take some comfort from Utah Senator Mike Lee and US House Speaker Paul Ryan.

Key Quotes:

"Markets seemed to take some comfort from US House Speaker Paul Ryan’s statement asking US President Donald Trump to reconsider his planned tariffs on steel and aluminium, for fear of jeopardizing the economic gains from this year’s tax cuts.

Whilst Trump later told reporters that he would not back down, Utah Senator Mike Lee has proposed a bill to limit the President’s ability to impose tariffs without Congressional approval."

Mar 6, 2018

EUR/JPY losing its legs towards key 20-D MA

EUR/JPY is off its highs but looking robust with intermarket demand given the improved risk appetite with Wall Street yesterday and EUR/USD now better

NZD/USD testing 0.7300 after a convincing bull breakout

NZD/USD: Kiwi testing 0.7300 after a convincing bull breakout The NZD/USD made a clear breakout from the bear channel. The US Non-Farm Payrolls o