Dollar Regains Ground after US Exempts Some Tariffs on China
Dollar regains some ground in early US session as US exempts tariffs on some Chinese products temporarily. It seems that both sides are keen to create the right mood for continuing negotiations, at least for now. Though, at this points,...
GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limited
GBPAUD stretched Thursday’s impressive rally to a four-month high of 1.8492 on Friday and is ready to close the week up by 1.7%. The RSI has also picked up steam and is currently pointing towards its 70 overbought mark, while...
EURNZD Possibly Forming Triple Top Near 10-Month High
EURNZD is again attempting to overcome the 1.7590 resistance region tested multiple times over August. The bulls recent rally from 1.7000 is backed by the Tenkan-sen that has already distanced itself from the Kijun-sen, as well as the momentum oscillators...
Brexit Warnings Overlooked, Exhausted Trading And Cannabis Banking Bill
Brexit surpasses BoE warnings The statement made by the BoE has a rather muted impact on financial markets as most market reaction is mainly driven by Brexit headlines. The constructive signals sent by European Commission President Jean-Claude Juncker on a...
EUR/USD Could Maintain Consolidation
Yesterday, the Euro continued to consolidate against the US Dollar between the weekly and monthly PPs, located at 1.1038 and 1.1069 respectively. During Friday morning, the EUR/USD currency pair maintained its consolidation. If the given support and resistance levels hold,...
GBP/USD Tested Fibonacci 23.60% Retracement
On Thursday, the GBP/USD exchange rate reached the 1.2560 level. During today’s morning, the rate reversed south from the Fibonacci 23.60% retracement at 1.2573. It is likely that the currency pair could continue to go downside in the nearest future....
The Federal Reserve is increasingly divided with one official even wanting a sizable half-point cut
James Bullard David Orrell | CNBC St. Louis Federal Reserve Bank President James Bullard said he argued for a deeper rate cut than his colleagues approved earlier this week because he fears that the economy is slowing and manufacturing “already...
Gold Muted As Risk Aversion Declines
The precious metal was trading modestly lower on Thursday following the easing risk aversion sentiment. The Fed rate cut also failed to move the precious metal higher. This came as the Fed maintained a less than dovish outlook on monetary...
Sterling Surges as EU Juncker said a Brexit Deal is Possible by Oct 31
Sterling rises broadly today on optimism that a Brexit deal could finally be reached by the end of next month. For now, Swiss Franc and Yen are following as next strongest. On the other hand, Dollar turns soft as post-FOMC...
Trump grants tariff exemptions to plastic straws, dog leashes and more from China
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019. Andy Wong | AFP | Getty Images BEIJING...