Forex News, Page

It’s a mixed start to the day, support for the Aussie Dollar kicked in, while the EUR and the Pound could be under pressure. EU elections loom…

Professional currency money managers just like most hedge fund managers, follow “The Herd Theory”. So when one starts to exit shorts aggressively, others tend to follow first then ask questions later. Therefore, we expect to see a solid short-covering rally over the near-term.

Australian Federal Elections go the way of the Aussie Dollar, with Brexit, EU elections, stats, and trade war chatter in focus in the week ahead.

Robust growing USD Index pushed down all its major rivals. Hence, EUR/USD pair plunged despite positive Euro-specific data. Meanwhile, the Cable continued to douse in fall amid Brexit chaos.

A relatively quiet economic calendar leaves Brexit and trade war chatter in focus. Is the trade spat about to get worse and can Theresa May deliver?

Loonie remained seesawed during the day. The Aussie pair continued plunge rally for four days in a row. The Fiber lost hold of its early consolidation mode and slipped to weekly lows near 1.1173 levels.

The Aussie Dollar touches sub-$0.69 as more stats disappoint. Chatter on trade and a sparse economic calendar will be in focus today.

The Greenback slipped drastically over poor US April Retail Sales figures. USD/CNY pair got elevated earlier the day underpinned weaker-than-expected Chinese data.

The AUD/USD hit a new low for the session at .6922 following the release of the economic reports. Prices retreated as the wages miss added further weight to the case for a Reserve Bank of Australia rate cut. While the slew of economic data from China was positive, they call came

Economic data out of China set the tone early. How much of an impact has the trade war really had on both economies? Are we about to find out?

The Brexit deadlock continued to trouble the Cable. Crude prices jumped for the second time in this week following a drone attack on the Saudi State Oil Company.

A sense of calm in the forex markets early on as the U.S futures point to a positive open in the equity markets. It could all change in a second…

As a response to the recent US additional tariffs, the Chinese today retaliated by imposing tariffs on over $60 Billion of US imports. The investor sentiment dropped.

It’s risk off early on as the markets respond to the weekend chatter on trade talks and Asia wakes up to yet another week without a deal…

Bullish Canadian Employment data made the Loonie drop 0.74% within a matter of minutes. The Fiber attempted to breach the robust 1.1252 levels during the day. UK March YoY GDP was in-line at 0.5%.

Risk appetite returns on hopes that the U.S and China make progress on trade. Even the RBA couldn’t pin back the Aussie with revisions to growth…

The Loonie topped reaching 1.3500 levels. China stated readiness over trade tariff hikes, supporting the USD/CNY pair. The USD/NZD took a drop and reached 1.5174 levels.

Economic data will likely take a backseat once more, with the U.S and China set to resume trade talks today. Updates from talks will drive the markets today.

The Chinese Monthly Trade data reported positive data despite trade tensions. The Dollar Index remained unchanged by day end. German March Industrial Figures helped the Fiber to get uplifted.

Trade data out of China could have been worse, though what remains key is whether there can be progress on trade talks tomorrow.