Tag: Forex News

Live FX analysis – 18 September 2018 (Video)

Senior Market Analyst Craig Erlam discusses the key market themes from the summer – most notably US tariffs and Brexit – and the events to watch out for this week. Craig also gives his live analysis on EURUSD (17:48), GBPUSD (21:36), EURGBP (24:42), AUDUSD (25:44), USDCAD (28:33), GBPCAD (31:02), NZDUSD (32:41), USDJPY (34:16), GBPJPY (35:25) […]

China to penalize $60B of U.S. imports but reduce amount of tariffs it collects

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products. The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between […]

GBP/USD – British pound edges lower, investors eye UK inflation

GBP/USD has edged lower in the Tuesday session. Currently, the pair is trading at 1.3136, down 0.18% on the day. On the release front, there are no British events. The U.S will release the NAHB Housing Market Index. On Tuesday, the UK releases a host of inflation indicators, led by CPI. The U.S. publishes building permits […]

Hungary central bank leaves rates unchanged

As expected, the Hungarian Central Bank (MNB) left their base rate unchanged at +0.9% this morning. It’s the 28th consecutive pause for the base rate in the current easing cycle. Also, policy makers left the overnight deposit rate at -0.15%, as expected. Yesterday, Hungary’s 10-year government bond yields rallied to its highest level since early […]

USD/CAD – Canadian dollar steady despite new US tariffs on China

The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3003, down 0.12% on the day. On the release front, Canada releases Manufacturing Sales. There are no major releases in the U.S. On Wednesday, the U.S publishes building permits and housing starts. A welcome respite in the U.S-China trade spat was […]

Where to hide? That’s the next million-dollar question

Tuesday September 18: Five things the markets are talking about It was coming, the market new it was coming, just when, and how much, were the unknown variables. President Trump has imposed an additional +10% tariffs on about +$200B worth of imports from China, rising to +25% by the turn of the New Year. Trump […]

US Futures Higher Despite New Chinese Tariffs

New tariffs already priced in Investors have taken US President Donald Trump’s announcement of new tariffs against China in their stride on Tuesday, with indices across much of Asia and Europe in the green and US futures a little higher. The tariffs have been talked about for some time now and it was only a […]

DAX higher despite new Trump tariffs

The DAX index has posted considerable gains in the Tuesday session. Currently, the index is at 12,149, up 0.44% on the day. On the release front, there are no German or eurozone indicators. On Wednesday, the eurozone releases current account and Germany holds an auction for 10-year bonds. There was growing speculation that another round of […]

Asia closing market notes : riding the risk rollercoaster

The markets are riding the risk roller coaster as headline overload has been dominating the Asian session. First, the USTR tariff announcement had a bit more sting than expected due to the graduated settings 10 per cent now then up to 25 per cent in January on 200 bln. Which suggests the US is looking […]

OIL wobbles on tariff announcement

Bloomberg) — Oil dipped below $69 a barrel as heightened trade tensions between the world’s biggest economies stoked fears over economic growth and energy demand. Futures in New York dropped as much as 0.6 percent. U.S. President Donald Trump announced that he will impose a 10 percent tariff on about $200 billion in imports from China next […]