Tag: Forex News

China offers verbal support as growth hits lowest in nearly a decade

  China to the rescue Asian equity markets fared much better than their US counterparts did yesterday, mostly helped by comments out of China. Before the markets opened, we heard coordinated voices from the heads of China’s securities regulator (CSRC), the banking and insurance regulator and the central bank. The chief of CSRC said that […]

Asia Market update : China data

TGIF China GDP The markets continue to shudder as political turbulence ferments, key tier one China data was just released which will offer little solace to risk sentiment as the GDP is 0.1% lower than what was expected by markets. Well, it doesn’t come as much of a surprise Chinas economy is losing steam, but […]

Global markets are enveloped in a classic case of risk aversion.

Global markets are enveloped in a classic case of risk aversion. Global markets are enveloped in a classic case of risk aversion with all the main risk off hallmarks showing up in virtually every corner of the market. The S&P is down below the 200d moving average, FX carry is very wobbly, and  US 10y […]

Dollar Higher Amid Uncertainty and Fed Comments

The US dollar is higher against most major pairs on Thursday. The greenback is only down against the Japanese Yen which rose 0.42 percent. Geopolitics and a strong dollar combined to keep stock markets under pressure. The investigation on the disappearance of journalist Jamal Khashoggi, US-China concerns, Brexit, Italian budget comments and the aftermath of […]

Oil Prices on Rollercoaster as USD Rebounds and Supply Concerns Ease

Oil prices had bumpy ride on Thursday. Crude was on the decline at 9am in the morning, but the bounce in US stocks pulled oil out of sessions lows. The bounce did not last long and by 2pm West Texas Intermediate was trading below $69 with Brent holding on to gains a little better at […]

XAU/USD – Gold unchanged as jobless claims within expectations

Gold is trading sideways in the Thursday session. In North American trade, the spot price for one ounce of gold is $1223.17, up 0.02% on the day. On the release front, key indicators beat their estimates. The Philly Fed Manufacturing Index dropped to 22.2, above the estimate of 19.7 points. On the employment front, jobless claims […]

GBP/USD – British pound dips on weak retail sales

GBP/USD is slightly lower in the Thursday session, after considerable losses on Wednesday. In North American trade, the pair is trading at 1.3099, down 0.14% on the day. On the release front, British retail sales dropped 0.8%, weaker than the estimate of -0.4%. In the U.S, key indicators beat their estimate. The Philly Fed Manufacturing […]

Dollar Rises As Fed Minutes Signal More Tightening Ahead

Federal Reserve is the most important central bank in the world. This is mostly because of the central role the USD plays in the global economy because it acts as the reserve currency. Therefore, any decision the Fed makes usually leads to major impacts around the world. When the Fed tightens, the supply of the […]

ADP Canada: Employment increased in September

Employment in Canada increased by 28,800 jobs from August to September according to the September ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the […]

USD/CAD – Canadian dollar lower after hawkish Fed minutes

The Canadian dollar has ticked lower in the Thursday session, after recording considerable losses on Wednesday. Currently, USD/CAD is trading at 1.3044, up 0.15% on the day. On the release front, Philly Fed Manufacturing Index is expected to dip to 19.4 points, while unemployment claims are forecast to drop to 211 thousand. Canada will release […]