GM, Ford shares jump in relief as Canada trade deal failure would have disrupted supply chains
Automobile manufacturers Ford and General Motors rallied Monday after the United States and Canada struck a last-minute deal to replace the North American Free Trade Agreement late Sunday night. General Motors shares rallied 1.8 percent in premarket trading Monday, while...
EUR/USD Trades Below Monthly PP
The European Single Currency depreciated 0.33% against the US Dollar since Friday’s session. On Monday morning, the rate was located below the monthly PP and the weekly PP at the 1.5878 level. In regards to the near future, the rate...
Trump welcomes Canada’s entry into trade pact with US, Mexico
U.S. President Donald Trump on Monday praised Canada’s entry into a reworked NAFTA pactwith the United States and Mexico after the two countries forged a last-minute agreement to salvage the trilateral trade accord, delivering a key win for the U.S....
The new NAFTA deal doesn’t mean US-China trade relations are about to improve
A last-gasp deal to salvage the North American Free Trade Agreement (NAFTA) does nothing to improve the prospect of a meaningful breakthrough in the U.S.-China trade war, one market expert told CNBC on Monday. Just hours before a midnight deadline,...
Currencies: US-Canada Trade Deal To Support Further USD Gains Against Other Majors?
Rates: More outperformance of German Bunds vs US Treasuries?The US, Mexico and Canada reached a last-minute agreement to revamp NAFTA. US equity futures gain ground, while the US Note future is a tad weaker. Today’s eco calendar contains US eco...
USDJPY Wathing Bearish Divergence
The US dollar continues to trade towards the 114.00 level against the Japanese yen as the US dollar index climbs towards it’s highest trading level in nearly three weeks. Bearish MACD divergence can be seen on the lower time frames...
GBPUSD Intraday Bearish Below 1.3054
The British pound remains under downside pressure against the greenback on the first trading day of the month, with ongoing Brexit concerns and US dollar strength weighing on sterling. Sellers continue to look for a sustained break of the 1.3000...
Loonie Jumps As US Inches To A New Trade Deal With Canada
The effects of the current trade conflict between the US and China have started to emerge. Yesterday, the manufacturing Purchasing Managers Index from China’s Logistics Information Center and Caixin showed a reduction in activity. The former showed that the PMI...
Canadian Dollar Soars as USMCA Trilateral Trade Deal Agreed Finally
Canadian Dollar surges broadly today as the an agreement, the USMCA is finally reached with the US to replace NAFTA. Riding on the last week’s post GDP rally, the Loonie is enjoying strong bullish momentum. The USMCA news further seal...
Canada and US reach trade deal to replace NAFTA
The United States and Canada agreed to a deal to replace the North American Free Trade Agreement shortly before a midnight deadline. The 24-year-old NAFTA, which President Donald Trump railed against as a disaster, will be replaced by the USMCA...