Tag: Forex News

Commodities Weekly: Gold short bets at highest in 17 years

The dollar’s resurgence on safe haven buying after more Trump rhetoric on tariffs and firmer US yields on the back of a strong US jobs report is taking its toll on most precious metals. Copper and oil are struggling from an uncertain demand outlook while the agricultural sector is caught up with supply issues.   […]

Another Brexit bounce

Another Brexit bounce Global investors were encouraged by a breakthrough on the European political landscape when reports suggested the European Union chief Brexit negotiator Barnier has been given enormous latitude to get Brexit signed and even stated he expects a deal to happen within weeks. US Markets US equity market continues to climb that trade […]

GBP/USD – Breaks 1.30 on bullish Barnier comments

Has cable bottomed or more volatility to come? The pound is rallying on Monday and for the second time in a couple of weeks, it’s the EU chief Brexit negotiator – Michel Barnier – that’s responsible. Sterling has become very sensitive to positive Brexit news over the last couple of weeks, having spiked on a […]

What next for Sweden?

Sweden’s general election has produced a close and inconclusive result, with just 28,000 votes separating the two coalitions that have ruled the Nordics’ biggest economy in recent years. Expect days — and possibly weeks — of negotiations on a new government after a surge by the nationalist Sweden Democrats, which has deprived both the Social […]

UK in the spotlight after Swedish election

Swedish populists the big winners in weekend election It’s been a slow start to the trading week, with political stories broadly dominating in Europe as the Swedish election provided the inconclusive result many expected, with the now all too familiar addition of a surge in support for populists. The result now means days or weeks […]

Trump trade war worries

Monday September 10: Five things the markets are talking about Trade talks, tariffs threats, EM contagion fears and central bank decisions are dominating asset price moves this month. Add geopolitical risks and U.S impeachment possibilities, market volatility is expected to remain elevated for some time. Global equities are trading mixed, with Euro stocks drifting while […]

Are tariffs on all Chinese imports to come?

Trump ups the ante on Chinese imports Just as the public consultation on the last proposed tariffs came to an end and markets were hoping for possible compromise talks, so US President Trump has said he is ready to tax ALL imports “at short notice” thereby taking the tariff war to the next level. A […]

A complex matrix of confusion.

A complex matrix of confusion. Establishing views on cross assets classes on Monday morning is becoming increasingly difficult. The tricky environment I am looking at today Emerging market issues are still lingering and incredibly shaky outlook, the S&P remains robust stable and seriously sturdy, US yields continue to march higher, and US economy continues to […]

Cryptocurrency Market Update: Dogecoin Continues to Defy The Drop

FOMO Moments Markets are still very depressed; Dash and Dogecoin defying the drop. There has been no recovery from this week’s big crypto selloff and markets are still down. Very little movement has occurred over the past couple days which leaves markets at just over $200 billion, very close to their yearly lows. Bitcoin found […]

Bitcoin ATMs Targeted by Malware for Sale in Underground Markets

Malware aimed at Bitcoin ATMs is being sold in underground markets, according to Trend Micro security researchers. For $25,000, malware exploiting a service vulnerability allows users to nab bitcoin price equivalent in euros, USD, or British pounds. Also read: Bitcoin’s Hopeful Numbers: 70% Familiar in the United States For $25,000, Bitcoin ATM Malware is Available […]