Pound Under Pressure as US-China Tensions Escalate
GBP/USD continues to lose ground this week. In the North American session, the pair is trading at 1.2917, down 0.32% on the day. On the release front, the U.K. released key employment numbers. Wage growth slowed to 3.2% in March,...
Trading the Bullish Hammer Candle
The Bullish Hammer Candlestick Pattern: Main Talking Points The bullish hammer candlestick pattern is frequently observed in financial markets. Traders can exploit the detection of a bullish hammer with a proper understanding of its foundations. This article will outline the...
US import prices rose slightly in April, suggesting inflation could remain tame for a while
Shipping containers from China and other nations are unloaded at the Long Beach Port in Los Angeles, on February 16, 2019. Mark Ralston | AFP | Getty Images U.S. import prices rose less than expected in April as increases in...
GBPJPY Looks Oversold Near 3-Month Lows
GBPJPY came under strong pressure after closing below the 143.75 key support level last week, with the price falling towards a three-month low of 141.19 on Monday. The sell-off however could be overstretched as both the RSI and the Stochastics...
Fed’s Williams says policymakers need to better prepare for a lower interest rate world
John Williams, president of the Federal Reserve Bank of San Francisco. Stephen Lam | Reuters Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global...
Yen and Franc Retreat as Sentiments Stablized Somewhat, But More Tariffs Still on the Way
Market sentiments somewhat stabilized in Asian session today. Major indices opened lower, following the selloff in US. But losses are so far rather limited. Indeed, in the currency markets, Yen and Swiss Franc are paring some of yesterday’s strong gains...
Market Morning Briefing: Euro-Yen Has Bounced Back From 122.5
STOCKS The US-China trade war has been heated up further after China announced to impose tariffs on US good which will come into effect from June 1. This has triggered further sell-off in the equity segment and continues to keep...
From BRICS To WOWS
From BRICS to WOWS Financial markets finally pulled their heads out of the sand overnight as the US-China trade war escalated when China responded by imposing USD60 billion in tariffs of their own on imported US goods. A healthy dose...
Trump: We’ll know in three to four weeks if China trade talks are successful
President Donald Trump is offering a projection about how much longer Washington and Beijing could be locked in heated trade negotiations. “We’ll let you know in three or four weeks if it’s successful,” he said Monday evening at a White House...
US trade office gets ready to impose tariffs on another $300 billion of Chinese imports
President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Kevin Lemarque...
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