USDJPY At A Turning Point
The US dollar remains at a critical juncture against the Japanese yen currency, with price trading dangerously close to the 106.82 support level. If bulls continue to defend the 106.82 level, the USDJPY pair could bounce back towards the 107.50...
EURUSD 1.1110 Major Resistance
The euro has staged a strong bound against the US dollar, following weak US economic data releases and the recent announcement of fresh trade tariffs. EURUSD bulls need to move price above the 1.1100 level to improve the daily sentiment...
GBPJPY Printed A 3 Black Crows’ Pattern And Broke Fiercely Through The 25-Month Low
GBPJPY had sellers take the reins, after indecisive candles from the previous week, forming a 3 black crows’ pattern and eating up the 133.85 swing low and the twenty-five-month low of 132.48. Buyers then came on board, but failed to...
Jobs report should show solid but slower trend of hiring
The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from June and possibly the start of a more moderate hiring trend as the economy edges toward full employment. The jobs report, the most...
Trump’s new tariffs on China might shrink the global economy, says bank CEO
President Donald Trump’s new tariffs on China could “shrink” the global economy, said the chief executive of Singapore’s second-largest lender by assets, Oversea-Chinese Banking Corp, on Friday. “It’s not good for Asia’s economy, it’s not good for China, but it’s...
Trump Breaks Truce With China
US President Trump tweeted yesterday that he will impose new tariffs of 10% on 300 Billion USD worth of Chinese imports by September 1st. The main reason cited for the move is the slow pace of progress made (if any)...
Beijing responds to Trump’s new $300 billion tariff threat
China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give up its illusions, shoulder some responsibility and come back to the right track on resolving the trade war....
Goldman: Here’s China’s likely next step to Trump’s new trade threat
U.S. President Donald Trump’s latest threat to slap elevated tariffs on Chinese goods will likely push Beijing to ramp up stimulus in order to shield its economy from additional harm, a Goldman Sachs strategist said on Friday. Trump on Thursday...
Yen Surges on Risk Aversion as US-China Trade War Escalates
Risk aversion dominates the markets as US-China trade war escalates again with Trump’s new tariffs. In particular, 10-year yield dived through 2% handle with ease and determination, to close at 1.894, lowest since November 2016. In the currency markets, Yen...
Trump’s new tariffs show he’s reading China all wrong, risk consultancy warns
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019. Saul Loeb | AFP | Getty Images U.S. President Donald Trump’s surprising move to impose more tariffs on China is a...
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