Markets are deciphering the effects of the Historic US-North Korean summit, which ended with a cordial comprehensive agreement. Details are still murky, yet with positive undertones. In which President Trump retraits that North Korea will keep its promise and the US shall cease all War rhetoric The USD continues to maintain dominance against all six […]
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Market gears up ahead of Trump-Kim summit.
This week is teaming up with several Market triggers, starting from US-North Korean summit, the FOMC Rate Hike, ECB interest rate decision and several economic reports on tap. Market participants seem unperturbed, trading on market sentiment while jumping from “riskier” assets to less “risky” and vice versa as they see fit. The G-7 summit […]
G-7 Summit weighs on Market sentiment.
With the G7 summit set for today and Saturday in Charlevoix Quebec uncertainties are abound, triggering risk-off mode coupled with Friday’s profit-taking. The US Yields dropped pulling with it the USD from 3-week highs. Meanwhile, Asia shares shrugged on the ECB’s possible decision to cut back it Quantitative Ease policy of Assets purchasing and trade […]
The Aussie Dollar hits a Snag!
AUD was hit into the bearish mode by a weaker than expected Trade Balance from April. The trade Surplus had shrunk to 977,000 AUD from 1.73 million AUD. Meanwhile, Asian shares rose to almost 2-month highs. EUR surged on Chief Economist of ECB Peter Praet’s comments yesterday indicating that the European Central Bank may be […]
Everyone wants a Piece of the Pie.
US Yields rose Wednesday morning; Asian shares were relatively positive boosted by the tech industry. These chain of causation is likely going to support EU shares in a positive way. As USD maintained its bullish stance the expectation is commodities and other majors are to be on a downward trajectory as in a classic inverse […]
New US Auto Tariffs knocks the Greenbacks socks off!
The downbeat outlook from the Federal Reserve’s last policy meeting. Coupled with the latest threat to auto tariffs from the U.S President, Trump dampened investors sentiment. The USD experienced a minor selloff bout. The US Dollar index had lost 0.22% trending in a range of 93.79 – 93.98 by 07:34 GMT. Asian stocks slumped as […]