Forex News, Page 2

The US-Sino trade concerns to end soon sets the market mood. Greenback rebounded losses on the backdrop of surprising NY April Empire State Manufacturing Index. GBP/USD steadies amid Brexit headlines.

It’s risk-on in the early hours, support the EUR while pinning back demand for the Greenback. Earnings results will be key later.

The greenback fell in the Asian session but was underway recovery in the latter half. Crude upshot invited the Ruble bulls. EUR/USD amassed weekly gains above 1.1300 levels.

China trade figures ease some of the market jitters over the economy. The focus will now shift to earnings to support risk appetite throughout the day.

With the rise in the greenback, the plummet in the major rival currencies weighed against it was quite imminent. AUD/USD suffered substantial pullback during the day. GBP/USD seems to have already discounted the Flextension news.

A quiet day on the economic calendar will keep the Pound in focus. Will there be calls for a snap general election?

Crude again found reverting near its five-month tops. EUR/USD plunged heavily after US Dollar Index skyrocketed during the mid-session.

It’s a busy day ahead. Economic data, the ECB, the FOMC, and Brexit will all be in focus through the day.

US Prez Trump’s comments on imposing tariffs on $11 Billion European goods alluding a significant economic sluggishness in the near term. Crude slips from top levels after Putin addressed on resuming oil supply from June 2019.

Brexit remains the headline topic for the broader markets. The EUR may have found support early in the week, but Draghi may address that tomorrow.

The Aussie pair arose knocking fresh week highs amid greenback plunge. Crude touches 5-month high adding to USD/CAD pullback.

Economic data is on the lighter side through the day. The lack of stats will leave the markets eyeing Parliament and the Pound. Can Theresa May deliver?

It’s a big week ahead for the Pound. Will Britain leave the EU with a deal, without a deal or extend? Trade talk and stats will also be in focus.

February Japanese Leading Economic Index reported above consensus. The US-Sino Trade Talks to terminate on a positive note soon.

Household spending out of Japan disappointed early. While there will be support from trade talks, the data out of Europe and the U.S will influence.

The Cable collapsed heavily over soaring USD Index and Brexit delay speculations. USD/CAD headed north amid positive PMI numbers.

Traders will also be looking for reasons for the ECB’s urgency to implement the new policy changes. Perhaps they had spotted holes the economy that investors couldn’t account for. This may be revealed in the meeting and if they are Euro traders may be spooked enough to sell the currency

A lighter economic calendar could leave the majors more sensitive to what is scheduled for release. The markets will also need to monitor Brexit chatter.

US-Sino Trade Talks are approaching the final round. Aussies gain on USD Index pullback. Euro survived amid above-consensus reports.

The bulls are out in force as economic data out of China and Australia come off the back of positive updates from trade negotiations.