After rising initially, US stocks declined sharply as traders started to worry about the trade deal between US and China. Over the weekend, reports emerged that a formal trade deal was being finalized. Word to date is that China...
Global stocks rose today after indications that a trade deal between China and the United States will soon be reached. In multiple reports during the weekend, unnamed sources said that China had agreed to increase the purchases of American...
The EUR/USD pair is currently trading at 1.1508 – the highest level since Jan. 11 – on the back of dovish Fed and could rise further toward the Jan. 10 high of 1.1570, albeit after a minor pullback, as...
Forex today witnessed some volatility in Tuesday’s Asian trading, but the moves were limited by caution trading, as the markets refrained from creating fresh bets ahead of the US-China trade talks and the FOMC decision. Among the Asia-pac currencies,...
Wall Street declined sharply in yesterday’s trading led by Apple’s 9% slide. The Dow declined by more than 600 points while the S&P declined by 62 points. This decline came after a letter from Apple’s Tim Cook that lowered...
China’s manufacturing industry suffered another month of decline in September. Figures from the Chinese National Bureau of Statistics showed that the manufacturing PMI declined to 50.2, which was lower than August’s 50.8. The 50.2 figure was an indication that...
USD/CAD Technical Analysis: Getting ripe for bearish continuation below 1.3000 level USD/CAD has once again broken below the 1.3000 figure but earlier in the week all such attempts resulted in failed breakout below the level. However, this time around...
The British pound continues to advance above the 1.3200 level against the US dollar, following the release of better than expected UK PMI Services data. The GBPUSD pair is likely to advance towards the 1.3250 region if buyers can...
The euro is up slightly against the dollar after Angela Merkel agreed with interior minister Horst Seehofer on a new border control plan. According to the deal, Germany will set up major holding and processing centres for asylum seekers...
NOK and GBP are the top FX (G10) gainers today, up +0.34% and +0.21%(vs USD) while JPY and CAD are the top losers down -0.11% and -0.12% (vs USD), respectively. The Trump press brief post-summit with North Korea leader...
