RBA Meeting: Juggling Risks
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank almost certain to make no changes to its policy, price action will be dictated by any changes in the phrasing of...
US manufacturing jumps for a second straight month, construction spending rises
A measure of U.S. manufacturing activity surged in June likely as steel and aluminum tariffs caused disruptions to the supply chains, resulting in factories taking longer to deliver goods. The Institute for Supply Management (ISM) said on Monday its index...
CAC Dips to 7-Week Low, French Manufacturing PMI Misses Expectations
The CAC index is under pressure in the Monday session. Currently, the CAC is at 5284, down 0.74% since the Friday close. On the release front, the markets are digesting manufacturing reports. In France, the Manufacturing PMI dropped to 52.5,...
Sell General Electric shares because it is ‘significantly overvalued’: JP Morgan
J.P. Morgan warned General Electric shareholders that the industrial conglomerate’s turnaround strategy will not lead to a higher stock price. The firm reiterated its underweight rating for GE shares, citing the company’s high valuation. Last week the company announced plans...
Dollar Stays Strong as Sentiment Turns Sour Again on Trump’s Trade Spats
Risk aversions dominate the markets today starting from China, spreading to Asia and Europe. Escalation of trade tensions is the main driving force as the Section 301 tariffs and China’s retaliation are set to come to effect this week on...
Equities Retreat Amid Risk-Off Tones, Aussie Softens Ahead Of RBA Decision
Here are the latest developments in global markets: FOREX: Dollar/yen traded at 110.75 (+0.08%) on Monday, giving back most of the gains it posted earlier in the session when it briefly touched a one-month high of 111.05, with the yen...
GBP/USD: UK Manufacturing PMI
The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Monday at 08:30 AM. The GBR/USD currency pair gained seven pips, or 0.05%, to continue fluctuating in the 1.3155 area. The Markit released the monthly...
Commerce Secretary Wilbur Ross: It’s ‘premature’ to say whether Trump’s threatened EU auto tariffs will come to pass
It’s too “premature” to say whether President Donald Trump’s auto tariffs will come to pass, Commerce Secretary Wilbur Ross told CNBC on Monday. Ross also said it’s too early to tell whether the United States will withdrawal from the World...
US Chamber of Commerce, the nation’s largest business group, attacks Trump on tariffs
The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies. With some of America’s tightest trading partners...
Trump’s method for punishing Iran threatens to inflict pain at the US gas pump ahead of elections
The Trump administration’s effort to punish Iran by swiftly curtailing that nation’s energy exports is undermining its goal of preventing oil prices from rising ahead of midterm elections. That policy now threatens to leave the world with a shortage of...
Signal2forex.com - Best Forex robots and signals




