Forex News
Stocks Pare Gains Ahead of Trump Announcement We’re seeing a far more cautious tone at the end of the week as deteriorating relations between the US and China weigh on sentiment. Trump is due to hold a press conference on China today, which will likely involve laying out the country’s response to the National People’s […]
For the week major indices close sharply higher The major indices are closing the day lower with the UK’s FTSE 100 leading the way to the downside: For the week, the major indices closed sharply higher with the France’s CAC and Spain’s Ibex leading the way: Read More: Major indices in Europe close sharply lower
That’s a whopper We’re not going to get the first look at Q2 GDP until late July so it’s probably far too early to be reporting on a GDP tracker. The reality is that it’s heavily reliant on April data at the moment and that’s going to be the low point. As we get more […]
Read More: Forex – Dollar Drifts Lower in Tight Trading Ranges
Read More: Fed’s Mester Leans Against Yield-Control Move at June FOMC
Read more on https://www.fxstreet.com Read More: AUD/USD retreats from 0.6680 as the markets await Trump’s conference on China
Read more on https://www.fxstreet.com Read More: Colombia National Jobless Rate: 19.8% (April) vs 12.6%
The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. What’s next? Read More: Central Bank Watch: Upcoming Rate Decisions for BOC, RBA, & RBNZ
USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead. Read More: Canadian Dollar Forecast: Support Breach May Lead to Further Losses
Risk appetite quickly disappeared after President Trump announced he would address China tomorrow at a press conference. It didn’t take much to help traders rush to exits. Aggressive short positions have been growing for the S&P 500 index and it seems intensifying tensions between the US and China will be the catalyst to derail some […]
Hong Kong headlines and US Presidential Twitter tantrums appear to be enough uncertainty for equity markets to book some profits and take some cash off the table ahead of the weekend. We do note though, that some divergence in other markets has appeared. Currency markets continue to rotate out of US Dollar haven positioning quietly, […]
Earlier post is here re remarks out of China on HK – a bit of flexing following the mainland’s moves on HK this week: The link to the Reuters report is available with a little more, . Read More: Chinese military says needs peaceful, and military, options to resolve Taiwan issue
An update on the third consecutive night of protests and now riots in the USA. These came about in the wake of the death of a man, George Floyd, under police restraint. A video of this incident shows an officer kneeling on the man’s throat, strangling him until he died. Read More: Rioters in Minneapolis […]
Read More: Dollar in narrow range as focus shifts to Trump's China response
Read More: Dollar Up Alongside Rising U.S.-China Tensions
Read more on https://www.fxstreet.com Read More: UK business morale deteriorates to 2008 low in May – Lloyds Bank
Read more on https://www.fxstreet.com Read More: EUR/USD eyes first monthly gain of 2020
ASX 200 and Nikkei 225 indexes face renewed headwinds from US-China tensions, as COVID-19 and Hong Kong troubles increase risks to global stability Read More: ASX 200 & Nikkei 225 Forecast: US-China Tensions Threaten Gains
The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a news conference on China later today. Until then, financial markets may remain in limbo. Read More: Australian Dollar May Wilt, Markets Await Trump China News Conference
Investors Look Past US/China Tensions European stocks are back in positive territory on Thursday while Wall Street is facing a mixed start, with the EU recovery package lifting sentiment on this side of the pond. The details of the package still need to be agreed, which could take months and include fierce debate among the […]
US stocks should continue their painstaking climb up a treacherous wall of geopolitical uncertainty, supported by unlimited stimulus and as investors rotate back into value stocks. The US economy continues to benefit from reopening momentum, but a big part of this week’s rally is a big rotation into reopening stocks. If this stock market recovery […]
Abercrombie & Fitch said its sales tanked 34% during the first quarter as its stores were forced shut during the coronavirus pandemic. Read More: Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall
Restaurant Brands International said Thursday that Popeyes’ U.S. same-store sales have soared more than 40% as of the third full week of May. Read More: Popeyes U.S. same-store sales soar more than 40%
Weekly petroleum inventories: That’s a big build but it was largely foreshadowed by the API report late yesterday. Oil is under some modest pressure and down 37-cents on the day to $32.44. API numbers from late yesterday: Read More: EIA weekly US oil inventories +7928K vs -1911K expected
Another day of big gains in Europe See here for global coronavirus case data Read More: European equity close: The rally continues
Read More: UK cautions EU against financial 'self harm' over Brexit
Read More: Big investors sniff bargains in tottering Spanish property market
Read more on https://www.fxstreet.com Read More: GBP/JPY Price Analysis: Pound remains limited by the 133.00 resistance vs. Japanese yen
Read more on https://www.fxstreet.com Read More: USD/CHF Price Analysis: US Dollar pushing against triangle support
EU recovery fund proposal reduces sovereign risks. Eyes on Bund-BTP spread for Euro signal. Read More: Euro Forecast: Key EUR/USD Levels to Watch on Symbolic EU Action