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 […]
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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 […]
The Resurgence of the U.S Dollar.
The USD regains traction as the U.S. Bond Yields resurge with concessions in the making between US-China Trade talks. As China concedes to removing U.S tariffs on goods in exchange for assistance with ZTE. Asian shares plummeted on disappointing Chinese’s Retail sales 9.4% vs a forecast of 10.0%. During early Asian trading hours, almost all […]
U.S Non-Farm Payrolls & Profit Taking.
Market participants are anticipating the day’s release of the U.S. Governmental payrolls report (NFP) with the expectation of at least 86,000 additional new employees. Forecasts suggest 189k vs 103k from the previous month with upside trends for the USD. The report comes on a day when investors seek profit-taking ahead of the weekend. Thus amid […]
This week ahead: top news to watch this week
Fellow traders, let us have a look at upcoming week in terms of important economic news. Below you can find short table of major economic news during this week: Monday: President’s Day in USA, Wall Street will remain closed. In the UK, investors will be looking ahead to a second reading on British growth data for […]