Grantham

U.S. and Chinese trade negotiations have stretched into a second day in Spain, with an agenda of several sticking points ranging from tariff rates, export controls and an imminent deadline for a divestment of Chinese-owned social media TikTok. A first day of negotiations — led by Treasury Secretary

AUD/USD jumps to near 0.6670 as the Australian Dollar capitalizes on risk-on market mood.Fed dovish expectations have boosted demand for risk-sensitive assets.The RBA is unlikely to cut interest rates in September’s monetary policy meeting. The AUD/USD pair posts a fresh 10-month high near 0.6670 du

In focus today In the US, August producer prices (PPI) are due for release in the afternoon. This time, the PPI will attract even more attention than usual both because it is released ahead of the August CPI and because the previous July release surprised significantly to the upside. It will provide

Equities initially tilted higher after steep US hiring revisions further bolstered rate cut bets.Rate markets now see nearly a one-in-five chance of a jumbo rate cut next week.Despite upbeat stock market reactions, serious economic concerns are growing rapidly. The Dow Jones Industrial Average (DJIA

NZD/USD maintains its position following the release of China’s Trade balance data on Monday.China’s Trade Balance increased to CNY 732.7 billion in August, compared to CNY 705.18 billion in the prior month.Softer-than-expected August US jobs data strengthened expectations of Fed rate cuts. NZD/USD

One more point on today's data: weak employment growth would not only have implications for US monetary policy, it would also indicate whether the dismissal of the head of the responsible statistics office could have an impact on data collection, Commerzbank's Head of FX and Commodity Research Thu L

According to this morning’s ONS retail sales data, sales volumes are estimated to have risen by 0.6% in July 2025, following a downwardly revised increase of 0.3% in June 2025. Non-store retailers and clothing stores sales volumes grew strongly in July 2025, which retailers attributed to new product

Bond market calm helps European and US stocks.French government vote still a risk for European bonds.US NFP report in focus.UK bonds recover, but neutral rate could be higher than thought.US tech stocks could gain, as China clamps down on speculation. There is a sense of calm in European and US mark

XAU/USD surges, although overbought signals hint at a possible short-term consolidation.JOLTS vacancies drop sharply while factory orders improve slightly, reinforcing signs of a slowing US economy.Fed officials strike mixed tones, with Kashkari, Bostic and Musalem focusing on inflation concerns. Go

The GBP/USD slips below the 1.3500 level after the US GDP confirmed solid 3.3% growth in Q2.The Greenback remains under pressure amid dovish Fed expectations.Traders eye Friday’s July PCE inflation report for fresh monetary policy direction. The British Pound (GBP) eases against the US Dollar (USD)

United States (US) President Donald Trump struck a mix of new and familiar talking points during a cabinet meeting on Tuesday. According to Donald Trump, his administration is speeding ahead with new tariffs aimed at all imported furniture, and that his team's efforts on trade will be resulting in j

Oil prices rose last week and also started the new trading week on a bullish note. Brent rose to $69 per barrel and WTI to $65 per barrel. In addition to an unexpectedly sharp decline in US crude Oil inventories, speculation about interest rate cuts and the resulting weaker US dollar provided suppor

Hitting EUR/USD late on Monday was the surprise announcement from French Prime Minister François Bayrou that he was calling a vote of confidence in his government's fiscal austerity plans on 8 September. The numbers don't look good in that his centrist party has 210 seats in parliament, while the fa