Forex News, Page

  • US Economy

    Dollar Falls as Demand for Risk Rises as New Tariffs Not as Bad as Previously Feared

    The financial markets are showing almost no response to the news that China will institute new tariffs of U.S. goods worth $60 billion, according to a Reuters report. The new tariffs of between 5 percent and 10 percent will be placed on a list of 5,207 U.S. products on September

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  • AUD/USD

    Aussie Dollar Trades Higher Following Release of Tame RBA Minutes, Muted Response to Fresh U.S Tariffs on China

    Asia stock markets are posting mixed results early Tuesday in response to an escalation in trade tensions between the United States and China. The reaction is more muted than previous reactions. This could be a sign that investors have accepted the possibility of a prolonged trade war and have learned

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  • EUR/USD daily chart, September 12, 2018

    RBA Minutes Do Little for the Aussie as Trade War Tensions Drive the USD

    Earlier in the Day:Economic data released through the Asian session this morning was limited to 2nd quarter house price figures out of Australia, with the RBA meeting minutes from the 7th September meeting released alongside.For the Aussie Dollar:House prices fell by 0.7% in the 2nd quarter, which was better than

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  • eurusd

    Inflation and the EUR in Focus, as Trade War Jitters Linger

    Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction, with the Asian markets having an opportunity to respond to Trump’s late Friday continued call for tariffs on the additional $200bn worth of Chinese goods.With the U.S equity markets larger gains coughed

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  • US Dollar

    Dollar Stumbles Against Majors, Aussie Boosted by Strong Domestic Job Gains

    The U.S. Dollar was pressured most of the week by a pair of weaker-than-expected inflation reports and the news that the U.S. had extended an invitation to China to renew trade talks. However, it was able to recover some of its losses on Friday on the back of upbeat U.S.

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  • usd

    China Data Improves, with Focus Shifting to the USD and Retail Sales

    Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side, with key stats including August business PMI numbers out of New Zealand, August retail sales, fixed asset investment, industrial production and unemployment numbers out of China, with Japan’s finalized July industrial manufacturing production

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  • Sept. Rate Hike Still On the Table, but Lower CPI Could Slow Pace of Future Fed Rate Hikes

    Weaker-than-expected U.S. consumer inflation data is helping to generate most of the activity in the markets on Thursday. This news is having an effect on U.S. Treasury yields which is helping to fuel a reaction in the U.S. equity and Forex markets. Forex traders are also reacting to central bank

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  • GBP/USD daily chart, July 12, 2018

    The AUD Spikes as Focus shifts to the BoE and the ECB

    Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with key stats limited to July core machinery orders out of Japan and August employment figures out of Australia.For the Japanese Yen, core machinery orders surged by 11% in July, month-on-month, coming in

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  • S & P 500 daily chart, September 07, 2018

    Wholesale Price Inflation and Trade Noise Keep the USD in the Spotlight

    Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats being limited to 3rd quarter BSI large manufacturing conditions figures out of Japan and September’s Westpac Consumer Sentiment numbers.For the Japanese Yen, the BSI Large Manufacturing Conditions (Q3) rose from

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  • asian stocks

    Asian Stocks Dip On Report China Will Ask WTO for Permission to Impose Tariffs on US

    The major indexes in Asia are under pressure on Wednesday, failing to follow Wall Street’s higher lead from the previous session. Stocks are being pressured overnight on the back of the news that China will be making a request to the World Trade Organization (WTO) to impose sanctions on the

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  • Bull Market

    Increased Demand for Risk Underpinning Stocks, Pressuring U.S. Dollar

    Asia stock markets are trading higher Tuesday, underpinned by a firm U.S. session on Monday. The markets are being boosted by a White House announcement that it was in the process of coordinating a second meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un.At 0423 GMT,

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  • GBP/USD daily chart, June 29, 2018

    Brexit and Employment Figures Keep the GBP in the Spotlight

    Earlier in the Day:Economic data released through the Asian session this morning included August electronic card retail sales figures out of New Zealand and August business confidence numbers out of Australia, with tertiary industry activity index numbers out of Japan due out later in the sessionFor the Kiwi Dollar, August

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  • GBP/USD weekly chart, September 10, 2018

    Brexit and a Heavy Set of Stats Puts Focus on the GBP

    Earlier in the Day:Economic data released through the Asian session this morning included July current account and 2nd quarter, finalized GDP numbers out of Japan, together with August inflation figures out of China.For the Japanese Yen,The non-seasonally adjusted current account surplus widened from ¥1.176tn to ¥2.010tn in July, while narrowing

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  • usd usd

    Today’s Gold Rush is Looking Rather Green

    As the US economy grows at the fastest pace in decades, unemployment has dropped to the lowest level since the beginning of the millennium. With growth forecast to carry on throughout next year, fuelled to some extent by a fiscal reform introduced by President Trump, the Federal Reserve has signaled

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  • US Economy

    Greenback Firms on Rising Treasury Yields, Safe-Haven Buying

    The U.S. Dollar finished slightly higher last week against a basket of currencies. The greenback rose against most major currencies with the exception of the Japanese Yen. Solid domestic economic data, rising Treasury yields and some safe-haven buying helped under the currency.For the week, September U.S. Dollar Index futures settled

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  • The USD in the Hot Seat, with Trade War Chatter and NFP Data in Focus

    Earlier in the Day:Economic data released through the Asian session this morning included July household spending figures out of Japan and July home loan data out of Australia.For the Japanese Yen, household spending came in better than expected, with a 0.1% rise year-on-year, which was better than a forecasted 0.8%

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  • usd

    A Dollar Pullback on Hopes of a NAFTA Deal or More Pain to Come?

    Earlier in the Day:Economic data released through the Asian session this morning was limited to July trade data out of Australia, as the global financial markets continued to be gripped by trade fever, Trump’s 6th September deadline rattling markets going into this morning’s session.For the Aussie Dollar, following the better

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  • aussie

    Aussie Dollar Rallies on GDP Numbers, with the BoC and the Loonie in Focus

    Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with key stats limited to Australian 2nd quarter GDP numbers and China’s August service sector PMI.For the Aussie Dollar, the economy grew by 0.9% in the 2nd quarter, quarter-on-quarter, which was better than

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  • Asian Markets

    Manufacturing Slow Down is the Price for Trade Uncertainty, EM Currencies Continue to Lose Ground

    The markets are cautiously on buy for American stocks, and the dollar adds on fears that trade conflicts are seriously stifling the business sentiment in Europe and Asia. The MSCI Index of the Asia-Pacific region ex-Japan loses 0.3%, Nikkei 225 decreases by 0.1%. Pressure on the European exchanges increased after

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  • RBA Spikes the Aussie Dollar, with Geo-Politics to Drive the Majors

    Earlier in the Day:Economic data released through the Asian session this morning was limited to the UK’s August BRC retail sales monitor and 2nd quarter current account figure out of Australia.Outside of the data, the RBA held rates unchanged, with the release of the rate statement providing some forward guidance

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