Dollar Regains Ground after US-China Trade Talks, Turns to Non-Farm Payrolls
It seems that the impacts of poor economic data and Fed’s dovish turn on the markets are “roughly balanced” for now. Stocks in the US and Asia turned mixed and stayed mixed since yesterday. Poor Chinese manufacturing data gives the...
Japan’s Unemployment Rate Unexpectedly Fell To A 26-Year Low Level In December
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the JPY and closed at 108.85. In the Asian session, at GMT0400, the pair is trading at 108.87, with the USD trading a tad higher against the JPY...
Swiss Franc Trading A Tad Lower In The Asian Session
For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9942. In the Asian session, at GMT0400, the pair is trading at 0.9945, with the USD trading marginally higher against the CHF from...
USD/JPY Forms Key Top Ahead Of US NFP
Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims...
Cramer Remix: Forget FANG—these are the real tech winners for 2019
Forget FANG — so far in 2019, the cloud kings are the technology sector’s real winners, CNBC’s Jim Cramer said Thursday after a strong, growth-filled earnings report from enterprise-facing cloud company ServiceNow. “These days, if you want performance, the cloud...
How artificial intelligence can make FX brokers cleverer
Most investors will know the disposition effect well, even if many are powerless to fight it. It describes the tendency for holders of falling assets to hang on to them, while also encouraging the lucky owners of rising assets to...
EU implements new Iran trade mechanism
France, Germany and Britain have officially put in place a European system to help facilitate trade with Iran. The move will allow the European Union to circumvent U.S. sanctions in an effort to continue humanitarian trade with Iran and work...
Trump considering former presidential candidate Herman Cain for the Fed
Former presidential candidate and Godfather’s Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed. Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving...
BTCUSD Seems Neutral to Negative; Ichimoku Confirms Bearish View
BTCUSD holds slightly below the 20-and 40- simple moving averages (SMAs) in the 4-hour chart as well as below the Tenkan- and Kijun- sen lines, suggesting further negative pressures. The RSI indicator is flattening in the negative zone, while the...
Stock Gains Ease Up as Dollar Steadies Following Yesterday’s Dovish Fed
Global equities seesawed overnight as momentum from the dovish Fed meeting faded, another round earnings focused on global growth concerns, and expectations are low to see a significant progress with trade talks today. President Trump will meet with Vice Premier Liu He,...
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