Many traders closed positions ahead of the US Independence Day holiday today July 4. Oil prices retreated in Asian Trade, halting a run of eight straight days of gains. Oil prices resumed their longest stretch of daily gains in more than five years after data pointed to moderating US Crude output, though analysts said news…
Sterling rose strong against the Dollar Tuesday after stronger than expected April Manufacturing PMI figures. London’s FTSE 100 closed 0.6% higher. Euro traded higher during the London Session, Swiss Franc struggled, Yen broke the resistance at some point. By the Wall Street Session, Investors’ focus seemed to make a shift, more toward the anticipation of…
At the beginning of the weekend, despite all that China’s doing to help, Trump says “major major conflict with North Korea possible. Prefer diplomacy but very difficult.” Elsewhere, as Britain’s exit seems to be uniting the EU, Q1 Growth Data showed that Britain’s economy is slowing more than expected Month-on-Month but shows positive numbers for Year-on-Year…
EU Ministers meet at Luxembourg today to discuss Brexit negotiation guidelines. Britain of course, odes not expect to get all that it wants, but Brexit Secretary David Davis is optimistic that a global Britain will always welcome the best and the brightest. Wall Street Journal reports that the Trump Administration said it was no longer…
The big news is that Nasdaq Composite crossed the 6000 mark as markets extended the Macron Rally during the Wall Street Session Tuesday. S&P 500 and Dow Jones Index both advanced as well, with the Dow rising more than 200 points. Oil slipped on bulging US Crude Inventories and Asian Indices hit close to 2…
“…Increased Infrastructure spending won’t do the trick when it comes to stimulating US Economic Growth….” – Neel Kashkari’s comments yesterday. The Markets and Investors seem to have shrugged off his comments, as dovish as they sounded. Investors instead, seem to be focused on ECB Meeting Thursday, and the EuroZone’s QE Program. As US Labor Markets also…
Tokyo Session Monday saw the Euro advance sharply as Macron; the market-friendly candidate won the first round of French elections. Investors hope for a Macron occupation of the Elysses. Safe-haven Yen edged lower across board, likewise Gold and the commodity currency XAUUSD. Bank of Japan (BOJ) Outlook Report and Monetary Policy decisions on early Thursday,…
France seems to favor Le Pen and Macron from the Far-Right, and Fillon and Melenchon for the Conservatives and Far-Left respectively. As investors looked to EuroZone’s trade Balance Data Tokyo Session Wednesday, the Euro eased after hitting a session high on Tuesday. USDJPY consolidated, Sterling edged down and so did the Australian Dollar. The New…
Prevailing geopolitical uncertainties weighed on market sentiments Tuesday. As Investors looked forward to the US Housing Starts, Building Permits and Industrial Production during the Tokyo Session, the Euro strengthened against the Dollar while the Yen weakened. Sterling edged higher and the Australian Dollar nose dived. The New Zealand having hit a 2 week high Monday,…
China warned that a war on the Korean Peninsula would have devastating consequences after the US threatened military retaliation against North Korea if it proceeds with a nuclear test this weekend. That’s how we ended last week. The Yen steamrolled last week featuring 7 pairs in the top forex movers of the week. The Dollar took…
