Presented by: Joyce Goh  BFM @BFMradio

Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore

Stephen talks about how markets had their Jekyll-and Hyde moments last week. He gives his input on what is at play in the markets and currencies as well as what to expect moving forward.

He also believes that the Trump trade is “dead in the water” and talks about the impact on markets from news of the new agreement that the 11 countries in the Trans-Pacific Partnership (TPP) trade deal have agreed on for it to move ahead without the United States.

We also chat about the recent major development in China taking a major step towards opening its financial system, saying it will remove foreign ownership limits on banks.

Speaking about China, Chinese giant Alibaba Group’s Singles’ Day shopping bonanza generated a record 168.2 billion yuan (US$25.3 billion) in sales over the weekend defying concerns of an economic slowdown.

Stephen shares his views on what this record-breaking event is telling us.

BFM Radio Kuala Lumpur

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes