Tag: Currency

Risk-off mode pauses for breath in Asia

US Treasuries benefit from safe haven flows The escalating trade war between the two economic superpowers, US and China, continues to weigh on investor sentiment. Safe haven flows from both equities and currencies are targeting longer-dated US Treasuries, pushing the 10-year US yield below 2.90% for the first time this month. As Treasuries benefit, so […]

Gold Drops to 2018 Low as Trade War Fears Boost Greenback

Gold is under pressure in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1275.69, down 0.22% on the day. Earlier in the day, gold dropped to $1270, its lowest level since December. On the release front, construction indicators were a mix. Building Permits dropped to 1.30 million, shy […]

GBP/USD – Pound slips to 7-month low as trade tensions boost US dollar

The British pound has posted losses in the Tuesday session. In North American trade, GBP/USD is trading at 1.3173, down 0.55% on the day. On the release front, there are no British releases. In the US, construction data was mixed. Building Permits dropped to 1.30 million, shy of the estimate of 1.35 million. This marked a […]

USD/CAD – Wobbly Canadian dollar falls to 12-month low on Trade Worries

The Canadian dollar has posted considerable losses in the Tuesday session. Currently, USD/CAD is trading at 1.3273, up 0.54% on the day. On the release front, there are Canadian events on the schedule. In the U.S. construction data was mixed. Building Permits dropped to 1.30 million, shy of the estimate of 1.35 million. This marked […]

CAC Slides to 8-Week Low as Trump Thumps China

The CAC index continues to point downwards in the Tuesday session. Currently, the CAC is at 5378, down 1.33% on the day. On the release front, the ECB Forum kicks off with a speech from ECB President Mario Draghi. In the eurozone, the current account surplus narrowed for a third straight month, dropping to EUR 28.4 billion. This […]

DAX plunges to 3-week low on US-China trade spat

The DAX index remains under pressure in the Tuesday session. Currently, the DAX is at 12,614, down 1.71% since the Monday close. On the release front, the ECB Forum kicks off with a speech from ECB President Mario Draghi. In the eurozone, the current account surplus narrowed for a third straight month, dropping to EUR 28.4 […]

EUR/USD – Euro slips as trade war worsens

EUR/USD has posted considerable losses in the Tuesday session. Currently, the pair is trading at 1.1552, down 0.60% on the day. On the release front, the ECB Forum kicks off with a speech from ECB President Mario Draghi. In the eurozone, the current account surplus narrowed for a third straight month, dropping to EUR 28.4 […]

Gold under pressure after

Gold is trading sideways in the Monday session. In North American trade, the spot price for one ounce of gold is $1278.63, down 0.09% on the day. It’s a quiet start to the week, with no major releases out of the U.S. On Tuesday, the focus is on construction numbers, with the release building permits […]

CAC slips as Trump tariffs spook investors

The CAC index has started the week with sharp losses. In the Monday session, the CAC is at 5436, down 1.2% on the day. On the release front, there are no eurozone or French indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech from ECB President Mario Draghi. […]

USD/CAD – Canadian dollar slips to 1.32 on trade tensions

The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3183, up 0.05% on the day. On Friday, the pair broke above the 1.32 line for the first time since June 2017. On the release front, there are no major events on the schedule. On Tuesday, the U.S releases building […]