Forex News, Page 2

Positive Chinese PMI data strengthened the AUD & NZD. The Crude Oil prices remained in the lower price range of $52.50/54.50 bbl amid trade tensions and recession fears. Fiber took a back seat and kept rising over USD Index slump.

A narrowing in yield differentials weighs on the Greenback early on. Manufacturing PMI numbers and geopolitics will drive the majors today.

A busy Friday for the Fiber traders as there appeared descent volatility in the pair today with mixed reports. Greenback slipped from top levels as Trump threatened Mexico with 5% tariffs.

Trump foreign policy brings Mexico back into the spotlight as the U.S President looks to deflect the lack of progress on U.S – China trade talks.

Euro pair slipped despite Ascension day holiday. Weaker Aussie Monthly Building Permits data applied negative pressure on the AUD/USD pair. Buck continues to maintain the safe-haven position.

The Aussie and Kiwi find support in spite of disappointing stats. Geopolitics and data out of the U.S will be the key drivers later today.

Crude prices faced significant pullback amid escalating US-Sino trade tensions, lifting USD/CAD pair to monthly high. EUR/USD pair continued plunge rally following weak economic data.

The Bank of Canada delivers its monetary policy decision as the markets respond to the latest U.S – China trade war chatter…

USD Index continues moving upwards, breaching the 38.2% Fibo levels. EU slammed Italy with a $3-4 Billion fine over violating EU Fiscal Rules. GBP/USD touch weekly bottom amid growing Greenback.

The Greenback is on the move early, while the EUR and GBP are under pressure. Today’s stats and chatter from the administration will drive the majors.

US Dollar IndexThe Greenback had touched the culmination mark of around 98.35 top levels on May 23. However, the USD Index failed to keep hold of the gains and had started the plunge rally on the second half of that day. The Index had continued the downtrend until today but

It’s a relatively slow start to the week. No major shocks from the EU elections left the EUR and GBP supported early on.

Greenback dropped to weekly low levels as April Goods Orders reports came out below estimates. Loonie extended yesterday’s plunge rally. XAU/USD pair is trading 0.55% weekly up.

Brexit and EU Elections along with UK retail sales figures to influence the GBP, with durable goods orders out of the U.S also in focus.

The Euro pair seesawed throughout the day. Greenback rivals benefitted out of its fall. Crude Oil plummeted around 6% today, allowing the Loonie to continue the upward movement.

It’s a busy day ahead on the economic calendar. Alongside the stats, geopolitics will continue to be a factor through the day.

MPs might reject May’s new improvised deal for the fourth consecutive time. Oil prices dropped over huge crude stockpiles as per EIA report. Trump eye on more Chinese Survellience firms.

UK Inflation and European politics to whipsaw the Pound ahead of the FED monetary policy meeting minutes later today.

Crude Oil WTI Futures continued to climb the ladder amid OPEC-led supply cut fears. PM May stated that she will give MPs last chance to back her “new improvised deal”. EUR/USD pair uplifted on USD plunge.

The RBA talks of rate cuts to pin back the Aussie Dollar as trade war jitters linger. Another quiet day on the stats leaves geopolitical risk in focus.