The precious metal builds on last week’s gains. US Dollar Index extends slide on Monday. Trading volume thins out in the NA session. After closing the previous week $8 higher, the troy ounce of the precious metal started the week on a strong note and recorded steady gains to touch its highest level since April
GBP/USD has lost ground in the Monday session. In North American trade, the pair is trading at 1.2928, up 0.30% on the day. On the release front, British Rightmove HPI improved in February, with a gain of 0.7%. There are no U.K. or U.S. events on Monday, and U.S. banks are closed for a holiday.
USD/JPY is showing limited movement in the Monday session. In the North American session, the pair is trading at 110.58, up 0.11% on the day. On the release front, Japanese Core Machinery Orders declined 0.1% in December, above the estimate of -1.1%. In December, the indicator was flat at 0.0%. In the U.S., banks are
Holidays in the US and Canada to blame US and Canadian markets are closed today for holidays so what’s been a relatively quiet start to the week could get even quieter. Brexit headlines and US political news is always a threat to get things moving. Trump tweeted on the weekend again about how well China
One thing that the J.P. Morgan’s digital coin has brought to the crypto space is a positive month for Bitcoin. I will discuss this in more detail later. Let’s focus on some facts about the price action fist. The crypto-currency king is on track to secure its first positive month since July 2018. The trading
The cross gathers further traction beyond the 125.00 handle. Risk-on sentiment continues to support the up move. US-China trade negotiations to resume later in the week. The now better tone in the European currency is helping EUR/JPY to advance further and print fresh daily highs near 125.20. EUR/JPY now targets 126.00 and beyond After three
EUR/USD has ticked higher in the Monday session. Currently, the pair is trading at 1.1308, up 0.12% on the day. It’s a quiet day on the release front. There are no data events out of the eurozone. In the U.S., banks are closed for a holiday, so there are no U.S. indicators until Tuesday. Traders
Latest data released by the SNB – 18 February 2019 Domestic sight deposits CHF 492.7 bn vs CHF 486.8 bn prior ForexLive Prior week’s release can be found here. A rather decent uptick in domestic deposits but overall the levels remain rather flat on the week once again. With EUR/CHF still sitting between 1.12 to
La Repubblica is out with the latest comments made by Italy’s Deputy Prime Minister Salvini, as he says that the Italian government won’t fall over the migrant issue. He went on to say that he is not concerned by the web vote put up by Five Star party.
Forex news for Asia trading Monday 18 February 2019 Weekend: Let me begin by highlighting these data points out today (details in the bullets above): Japan machine orders fell, leading the Japanese government to cut their assessment of core orders, say they are stalling Singapore exports (NODX) collapsed to their biggest fall in two years
Holidays in the US (President’s Day) and Canada (Family Day) kept activity muted, with the regional currencies/economies taking the focus, for a change. Thai growth beats forecast Thai economy grows faster than expected in the fourth quarter, gaining 0.8% quarter-by-quarter and 3.7% from a year earlier. This compared with forecasts of +0.7% and +3.6%, respectively.
President Donald Trump speaking in the Rose Garden at the White House on February 15, 2019. Photographer: Al Drago/Bloomberg photo credit: © 2019 Bloomberg Finance LP© 2019 Bloomberg Finance LP In two weeks, China will probably be hit with 25% tariffs on $200 billion worth of goods. If not by March 1, then after any trade
Daily Markets Broadcast 2019-02-18 Wall Street climbs as trade talks progress US-China trade talks supposedly made significant progress last week, so much so that they will continue in Washington this week. China’s new loans data suggest stimulus measures may be taking hold. US30USD Daily Chart Source: OANDA fxTrade The US30 index posted the biggest one-day
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Australia’s trade minister Simon Birmingham, while talking to FT, said his country is ready to sign a fast-tracked trade agreement with the UK by the end of the year in event of a no-deal Brexit. key quotes (Source: FT) If we face a no-deal scenario then we would be urging and encouraging the UK to
Good morning, welcome to the start of the FX week. With just the New Zealand market started at this time of the week market liquidity is super thin, as always. Price can move on not much at all, take extra care until liquidity improves as more centres enter the market. EUR/USD 1.1294 USD/JPY 110.41 GBP/USD
Ken Xie, president, and chief executive officer of Fortinet Inc.BLOOMBERG NEWS After the best January in 32 years, the S&P 500 rally continues. Since the world’s economic problems clearly have not been solved, I’ve asked my managers to name a stock that won’t lose money if the market fades. Last month, Wayne Himelsein told us why he thought
Comments in Handelsblatt from Rehn Will discuss in coming meetings about TLTROs We have time before making a decision on TLTROs Any TLTRO decision will be based on whole eurozone, not one country Most recent data point to weakening economy Draghi successor must be selected on the basis of competence and experience Bit of a