Markets Mixed On IMF Gloom, Sterling Boosted By Brexit Noise
A gloomy mood continues to hang over the financial markets after the International Monetary Fund (IMF) downgraded its economic growth forecast for the first time since July 2016. Escalating trade tensions and stresses in emerging markets are the main factors...
Why IMF’s Warning Doesn’t Matter For Bitcoin
Bitcoin rally could pick up steam during this month and a poor earning season over in the U.S. would fuel this rally The International Monetary Fund downgraded the world economic growth outlook and this spurred the risk-off trade across the...
Japanese Yen Pauses from Recent Gains as Current Surplus Slips
USD/JPY is trading sideways on Tuesday, after posting losses in the past three sessions. In North American trade, the pair is trading at 113.15, down 0.07% on the day. On the release front, Japanese current account surplus dropped to JPY...
UK Monthly GDP Data on Tap as Brexit-Deal Optimism Grows
UK GDP data for August will hit the markets at 0830 GMT on Wednesday. Forecasts point to figures that are unlikely to spur too much volatility in sterling. Instead, the most crucial driver for the currency moving forward will be...
The News Feed Is Calm. American Curreny Is In The Positive Zone
Yesterday, the US currency strengthened against a basket of major currencies. The US dollar index (#DX) closed in the positive zone (+0.14%). Demand for the US currency is still high. Meanwhile, the news feed is fairly calm. Financial market participants...
Yen Stages Comeback Amid China & Italy Concerns
Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – inched up by 0.11% on Tuesday, extending the gains it recorded in the previous...
British Pound Loses Ground as Dollar Remains Strong
GBP/USD has posted losses on Monday, recovering much of the losses seen on Friday. In the North American session, the pair is trading at 1.3062, down 0.42% on the day. It’s a quiet start on the release front. In the...
XAU/USD – Gold Slides as Treasury Bonds Climb
Gold has posted sharp losses gains in the Monday session. In North American trade, the spot price for one ounce of gold is $1187.14, down 1.38% on the day. U.S banks are closed for Columbus Day and there are no...
U.S. Unemployment Rate Falls To New Lows
Australia released its retail sales report. Data showed that retail sales increased 0.3% on the month, matching estimates. In Japan, the household spending report showed a 2.8% increase on the year. This beat estimates of a flat reading. However, the...
Greenback Gains After A Major Supreme Court Victory by Trump
The US dollar index rose slightly in the Asian session after a major victory for Donald Trump over the weekend. On Saturday, the Senate voted to confirm Brett Kavanaugh as the next Associate Justice of the U.S. Supreme Court replacing...