Forex News, Page 5

It’s a big day for Europe, with the ECB Press Conference to drive the EUR and Theresa May’s last ditch efforts in Brussels to influence the GBP.

It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.

Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.

A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.

Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.

It’s a choppy start to the day and unlikely to get better, with a heavy set of stats out of the U.S, Brexit and Trade Chatter to drive the majors.

With the U.S markets closed focus shifts back to the Pound, which is under intense pressure as British PM struggles in the Commons.

Better terms of trade gives the Aussie Dollar a boost, with focus shifting the UK’s parliament as 5 days of Brexit debate get underway ahead of the 11th’s vote.

The Aussie Dollar bounces early on the news of a trade war truce, with yields on the rise, the markets unlikely to be paying too much attention on the data.

Economic data out of China this morning reflected just how important a resolution to the trade war is, not just for China, but also the likes of the AUD.

The weakening of the US Dollar is favorable for the stock market. The dollar’s decrease and the expectations of a softer approach from the Fed have triggered a 2.3%-2.5% increase in key U.S. indices.

While there are plenty of stats and the FOMC meeting minutes to consider, the G20 could garner all of the attention as trade takes center stage.

Gold surged on Wednesday as the dollar plunged in reaction to Fed Chair Powell’s dovish comments. Traders reacted as if Powell was signaling there would be fewer rate hikes in 2019, which would theoretically boost the value of gold because it is seen as a hedge against inflation.

The U.S. Dollar retreated from two-week highs and nearly its highest level of the year as short-term Treasury yields fell, following dovish comments from Fed Chair Jerome Powell which raised expectations that the U.S. central bank is closer to the end of its rate hike cycle.

RBNZ Governor Orr also spoke, saying the Reserve Bank’s home lending restrictions are “in place now and forever”. Additionally, with the housing market cooling since October 2013 when LVR restrictions were first implemented, Orr told reporters the RBNZ was “some way away” from further changing the lending limits.

Following Trump’s comments on Powell, the Dollar is back in focus, with the FED Chair on the docket late in the day, with a heavy day of stats ahead.

Trump talks of more tariffs as the G20 Summit approaches, with Brexit chatter continuing to pin the Pound back on expectations of the deal being thrown out.

The Pound shrugs off the Brexit deal, with a number of members of parliament calling for the deal to be rejected. Carney and Draghi could influence later.

It’s a big week ahead, with news from the EU Summit on Brexit, Brexit news, the FED’s meeting minutes and the G20 in focus through the week.

According to a series of reports released early Friday, business growth in the Euro Zone slowed much faster than expected in November. The Euro was also pressured after European Union negotiators from the 27 states remaining after Brexit were unable to agree on Gibraltar during talks on Friday, Reuters reported,