Market Participants are buckling up for one of the choppiest days in the Market. Tuesday evening US President Trump reminded the Market of his intention to impose another $200 billion tariffs on China. The announcement pulled Asian Markets down wiping away the short-lived optimism of the day. As the market attempts to decipher the impact, […]
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OPEC Meeting Finalization & Direction
Following a disappointing report from the Philadelphia Fed Manufacturing Index on Thursday, which reported on contractions in the sector from 34.4 in the month of May to a steep drop of 19.9 in June, USD plunged from 11-month highs. With the USD down other majors such as the EUR, GBP, AUD, & JPY […]
Oil tumbles, US-China Trade Wars & Abenomics
Following one of the busiest weeks in recent times in which 3 Central Banks’: namely the US Feds, The ECB and BOJ gave their interest rate announcements. The USD retained its Bullish trend, up to 7 months’ highs. Prompted by the Wednesday US rate hike, a dovish forward guidance statement from ECB President Mario Draghi, […]
Central Banks Drive markets & China Braces for more US-Tariffs
As investors get ready for the weekend and embrace US President Trumps next bout of tariffs to be imposed on China to a tune of $50billion. The USD remains firm. EUR is likely going to end the week at its lowest in over a year and seven months as per the MACD. EUR Dropped […]
European Central Bank’s Rate Decision on Tap
The USD’s rally ahead of the Fed rate hike has subsided from its three weeks’ highs as the Fed raised rates from 1.75% to 2.00% in expectation with markets view. However, The FOMC hinted on a more bullish path moving forward with possibly two more hikes before the end of the year. Investors took short-term […]
US Fed Rate Hike, Oil and Post US-North Korean Jingles
One of the most exciting yet volatile trading days ahead as market participants move their focus from the US –North Korea Summit to other triggers. Crude Oil prices fell 0.59% ahead of Wednesday’s Crude Oil Inventories report by the EIA, Energy Information Administration. The Report is expected to reveal an increase in Oil […]