Wobbly Gold Slips Below $1250, U.S GDP Disappoints
Gold has posted small gains in the Thursday session. In the North American session, the spot price for one ounce of gold is $1250.63, down 0.17% on the day. On the release front, U.S numbers were soft for a second...
Pound Under Pressure ahead of British Current Account, GDP
The British pound is under pressure, as GBP/USD has headed lower for a third straight day. In Thursday’s North American session, the pair is trading at 1.3093, down 0.16% on the day. On the release front, U.S Final GDP in...
Canadian dollar Gains Ground, U.S GDP Next
The Canadian dollar has posted losses in the Thursday session. Currently, USD/CAD is trading at 1.3289, down 0.40% on the day. On the release front, there are no Canadian events. In the U.S, Final GDP is forecast at 2.2%, identical...
DAX Slips As EU Summit, Trade Tensions Weigh On Investors
The DAX index has resumed its losing ways in the Thursday session, after the index posted gains on Wednesday. Currently, the DAX is at 12,259, down 0.73% on the day. In economic news, GfK Consumer Climate remained pegged at 10.7,...
Chinese PMIs Due amid Ongoing Concerns Over Global Trade and a Weakening Yuan
Chinese official PMI data for June are scheduled to be made public on Saturday at 0100 GMT. Manufacturing activity, which is expected to attract the lion’s share of attention, is projected to slightly ease though to still remain in expansionary...
Japanese Industrial Output and Retail Sales to Deteriorate; Employment to Stay Firm
While the safe-haven Japanese yen tends to be less sensitive compared to other currencies when data releases come out of the calendar, updates on economic measures out of Japan can improve or deteriorate investors’ sentiment on the economy. On Thursday,...
USD/JPY, Stocks Jump as Trump Softens Tone on China Trade
Risk-sensitive assets staged a sharp relief rally after starting the day on the back foot as concerns over trade wars eased. The reversal came after news emerged that Donald Trump had softened his tone on Chinese investments and won’t invoke...
Dollar Bounces Up on Trade Relief News; Kiwi Holds onto Losses Ahead of RBNZ Rate Decision
Here are the latest developments in global markets: FOREX: Dollar/yen managed to recover earlier losses to climb back to 110.14 (+0.08%) as a US official messaged on Wednesday that Washington will not use stricter trade frictions against China but monitor...
AUD/JPY: How FX Traders Will Know that the “Trade War” Has Started in Earnest
Another day, another round of trade war tweets drawing the attention of traders. To extend the trade war analogy, this morning’s causality was due to friendly fire. In a series of tweets this morning, US President Trump criticized the iconic...
Gold Dips to Six-Month Low, US Economic Numbers Mixed
Gold has posted losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1266.59 down 0.39% on the day. On the release front, the Richmond Manufacturing Index improved to 20 points, above...
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