Forex News, Page 14

The U.S. dollar was seen trading weaker on Friday despite a broadly positive jobs report. The U.S. economy was seen adding 213k jobs during the month of May with revisions to the previous two months of data showing a net gain of 37,000.The Greenback weakened after the unemployment rate ticked

Concerns over a fourth rate hike in 2018 and safe-haven buying due to the escalation of the trade dispute between the United States and China, drove U.S. Treasury yields lower. This made the U.S. Dollar a less attractive investment against the Australian, New Zealand and Canadian Dollars. Additionally, the tightening

It’s another busy day for the markets, with a heavy set of stats out of the U.S and trade tariff chatter there for the markets to focus on through the day, an escalation in trade war talk likely to overshadow any upbeat data.

While today’s stats and FOMC meeting minutes will be eyed by the markets, it could ultimately boil down to noise from the Oval Office. With China giving the U.S the first shot on Friday, Trump could rile the markets with any hints of going ahead with the fresh tariffs tomorrow.

The markets were torn through the Asian session, with positive stats supporting the Aussie and Kiwi Dollar, while trade war jitters continued to hammer the equity markets. There could be more of the same through the European session.

The general tone in the global equity markets was cautious as investors continued to monitor the developments over trade. China’s benchmark indexes extended their losses over worries Beijing’s trade relations with the United States are worsening. Concerns over trade relations continued to drive investors into the USD/JPY and U.S. Treasurys.

The RBA held rates unchanged yet again, with concerns over trade being added to a laundry list of reasons for holding rates unchanged, the EUR and the USD in the spotlight through the day, as geo-politics reigns supreme.

The Greenback was primarily supported by the divergence in monetary policy between the hawkish U.S. Federal Reserve and other less-hawkish and dovish central banks. Federal Open Market Committee member Raphael Bostic said he may rule out a fourth rate hike this year if trade issues start to negatively affect the

The EU Summit provided much needed support for the EUR, though today’s stats will need to play a supporting role to the EU Summit that could still throw a few curve balls.

The RBNZ’s monetary policy meeting held in the overnight session showed that the central bank left the overnight cash rate unchanged at its meeting as widely expected.The New Zealand dollar was seen falling sharply on the RBNZ’s decision as a result.The day ahead is relatively quiet with the U.S. trading

The Reserve Bank of New Zealand decided to leave its benchmark interest rate unchanged at 1.75 percent. Stocks traded lower in Asia on Thursday amid concerns over the deteriorating trade relations between the United States and China. U.S. equity futures are trading higher during the pre-market futures session early Thursday

The RBNZ just turned more dovish and shower little sign of any plans of a rate hike over the near-term, with Japan retail sales also disappointing. Summits and the Oval Office will place the EUR and the USD under the spotlight.

The Trump administration announced it would take a softer stance toward Chinese investment than previously reported.  New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher. The Commerce Department also reported that the goods trade deficit declined 3.7

Carney takes the spotlight this morning with the BoE Financial Stability Report as the markets continue to focus on the global economic outlook and the ramifications of a trade war.

Asian stock markets are posting mixed results on Wednesday amid lingering concerns over deteriorating trade relations between the U.S. and China. Investors are also reacting to a strong surge in crude oil prices. Gold continues to be shunned by the hedge funds, who are aggressively moving money into the U.S.

Consumer confidence fell well below economists’ expectations in June, fueled by a bleak outlook for U.S. economic conditions. The Confidence Board’s index dropped to 126.4 from a revised 128.8 in May. The index was expected to hit 128.1.

Another risk off session in Asia, as the markets continue to response to the beat of the trade war drum, with tech stocks under the hammer ahead of an announcement on a ban on Chinese investment into U.S tech companies.

The Dollar/Yen traded lower on Monday, putting it in a position to hit a two-week low, as worries about an escalating trade war between the United States and its major trade partners continued to weigh on appetite for risk.

The markets are gripped by the trade war of words, the chances of a resolution ahead of 6th July looking slim. The Art of the Deal seems to be failing and that’s not going to be well received by the markets.

The Greenback rallied early last week against a basket of currencies as traders bet on an escalating trade war forcing inflation up in the U.S. because of costlier imports, raising the prospect of more interest rate hikes.