The euro rose today against the USD even as traders received a depressing report from the Financial Times. Even though the European Central Bank (ECB) expects the eurozone economy to grow by 1.1% in 2020, a survey of 34...
The euro rose today against the USD even as traders received a depressing report from the Financial Times. Even though the European Central Bank (ECB) expects the eurozone economy to grow by 1.1% in 2020, a survey of 34...
Asian stocks were quiet, with most exchanges closed for Boxing day. Stocks in Tokyo and Shanghai were little changed while the Hong Kong and Sydney markets were closed. The coming days will see minimal action from Asian markets as...
US stocks soared yesterday as traders cheered reports that China was lowering tariffs on hundreds of goods. This is set to increase trade in the world’s biggest economy and reduce the trade tensions that have been going on for...
The Australian dollar rose as the markets reacted to employment data. The numbers, released by the Australian Bureau of Statistics (ABS), showed that the unemployment rate dropped to 5.2% in November from 5.3%. The participation rate remained unchanged at...
EURUSD WATCHING 1.1170 The euro currency is holding around the 1.1150 level against the US dollar as the pair refuses to give into early week selling pressure. Continued gains above the 1.1150 resistance level could lead to a technical...
Dow futures declined during the Asian session as the market reacted to the new news from Boeing. In a statement, Boeing said that it would suspend production of the 737 Max plane. The news was a confirmation of a...
Interest rate decisions headline the economic calendar BOE Headlines During the upcoming trading week interest rate decisions from the Bank of England, Bank of Japan, and the People’s Bank of China headline the economic calendar. All central banks are...
Global stocks were mixed today as the market reacted to the latest trade war threats. The Trump administration said that it would increase its tariffs on imported steel and aluminium from Argentina and Brazil. Later on, Trump said that...
Traders look to key US and EU macroeconomic data points During the upcoming trading week market participants look to a host of important economic data releases from the US and eurozone economies. The Nonfarm payroll job report headlines the...