The FX market is beginning to take shape this week and the defining move so far is selling the US dollar. We have seen that before on worsening trade but I don’t see how that’s the case as Trump has been touting a US-China deal lately. USD/JPY is down 40 pips to 144.45 and that’s wiped out about half…
GBP/USD attracts some dip-buyers at the start of a new week amid subdued USD price action. Despite the upbeat NFP report, the USD bulls seem reluctant ahead of the US-China trade talks. The fundamental backdrop warrants caution before placing aggressive intraday directional bets. The GBP/USD pair edges higher during the Asian session on Monday and for now, seems to…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Bank of England (BoE) rate-setter Megan Greene said on Saturday that disinflation in the United Kingdom is set to continue despite a rise in consumer-price growth in the near term, per Bloomberg. Key quotes Most of the near-term hump in inflation is due to one-off factors.We expect inflation to continue to come down to target over the medium term.Our view is that…
China trade balance Mon: Japanese GDP R (Q1), Chinese Inflation (May), Chinese Trade Balance (May), EZ Sentix Index (Jun), US Employment Trends (May) Tue: EIA STEO, UK Jobs Report (Apr), Swedish GDP (Apr), Norwegian CPI (May) Wed: ECB Wage Tracker, US CPI (May), UK Spending Review Thu: UK GDP (Apr), US PPI (May) Fri: French/Spanish Final CPI (May), EZ…
United States Consumer Credit Change above expectations ($10.85B) in April: Actual ($17.87B)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Dow Jones tested 13-week highs on Friday after NFP jobs data beat the street. China approved rare earth exports to the US, bolstering trader hopes for a continued easing of tariffs. Key US inflation data coming up next week, tariff impacts due to begin leaking into headline data. The Dow Jones Industrial Average (DJIA) briefly tested fresh 13-week…
S&P 500 futures, daily It’s looking like a strong rebound for US stock markets after yesterday’s late-day selloff. Futures levels: S&P 500 +50 points or +1.0% Nasdaq futures +0.9% DJIA futures +0.7% Russell 2000 futures +1.5% That’s a nice rebound. In focus will be Tesla shares after yesterday’s plunge: they’re up 3.8% premarket. Another mover is Lululemon, down 18%…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
