EURGBP Could Soften In Short-Term
EURGBP flied even higher this week to top its 2-month old rally at 0.9248, the highest mark reached in almost two years. The spotlight is now on the 0.9300 round-level, where any violation may drive the price towards the 0.9400...
Canadian Employment To Rebound In July, But Might Not Halt Loonie’s Slide
Employment numbers out of Canada will be in focus on Friday at 12:30 GMT. As most other central banks rush to join the global rate cut frenzy, the jobs data will be watched closely for clues on whether the Bank...
Markets in Consolidations as China Trade Data Support Sentiments
The forex markets are rather quiet today as major pairs and crosses are stuck in consolidations. Better than expected trade data from China gives sentiments a mild boost. But momentum of recovery is very weak so far. Treasury yields are...
Robinhood gets approval to launch its popular investing app in the UK
In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday...
Market Morning Briefing: Dollar Index Has Bounced From 97.21
STOCKS The trade tensions between the US and China continue to weigh on the equities. Though the Dow has bounced sharply from the day’s low yesterday, it is still vulnerable to fall further. The other indices like the DAX, Nikkei...
Tumbling bond yields ramp up the pressure for the Fed to cut rates
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was...
Trading on Sentiment: Using IG Client Sentiment Data
Trading on sentiment data can help traders identify hidden trends in the market that may not be obvious to novice traders.DailyFX provides client sentiment data based onall live IG trades in the forex, commodity and indices markets and acts as...
BTCUSD Keeps Bullish Bias Intact
Demand for Bitcoin accelerated this week, with the price running as high as 12,257 on Wednesday before pulling back to the 11,400 support area. The market could retest its latest peaks as the recent rebound in the RSI and the...
China’s Exporters Could Have a Painful Summer as Trade Game Turns More Defensive
China played its exchange rate weapon this week to prove that it has the means to fight a tougher trade war with the US, but the Chinese government, like its major counterparts, also needs a solid economic floor to survive a bigger turmoil. Hence,...
USD/CNH Holds Above 7.00 as US-China Trade Spat Shows No Easing
The most important topics right now are trade wars and the relentless rally in the bond markets as concerns grow over the health of the global economy. Those concerns were evidenced by three central banks across the Asia Pacific almost...
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