Tag: Forex News

FED NY: Statement from President Williams

June 18, 2018 I am pleased to be starting my tenure today as president and CEO of the Federal Reserve Bank of New York. As someone who has dedicated his career to public service, I can think of no better place from where to continue to support the nation’s economic well-being. The New York Fed […]

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 […]

Uncertainty in Oil Markets as China Threatens to Impose Tariffs on American Oil

For decades, Trump has been vocal on trade issues. In the 80s, he argued that the United States was being taken advantage of by its allies and enemies. Specifically, he was always vocal about Europe and how it treats American companies. He was also vocal about South Korea and Japan, some of the biggest American […]

Brent Technical Analysis: As OPEC Meets, Brent Could Rise to $74

Crude oil has been one of the best performing assets this year. This year, Brent crude has gained almost 10% while WTI has gained 6%. In the past few weeks, crude oil has fallen from the recent highs as concerns of overproduction have increased. Today, Brent and WTI have reached $73 and $64 respectively. This […]

DAX slides as Trump slaps tariffs on China

The DAX index has started the week with sharp losses, continuing the downward trend seen on Friday. Currently, the DAX is at 12,834, down 1.35% on the day. On the release front, there are no German or eurozone indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech […]

Dollar rises on falling risk appetite

Monday June 18: Five things the markets are talking about Global trade is again top of capital markets agenda, as dealers and investors are now officially worried about the intensifying confrontation between the U.S and China. Global equities are trading under pressure over the escalating protectionist standoff between the two largest economies, along with crude […]

Markets in risk averse mode after tariffs

US and China trade spat heats up We’re seeing a slightly risk averse tone in financial markets at the start of the week after the trade spat between the US and China ramped up over the weekend. Both countries have laid out plans to impose tariffs on one another on 6 July which is making […]

EUR/USD – Euro Trading Sideways, ECB Forum Next

EUR/USD has ticked lower in the Monday session. Currently, the pair is trading at 1.1597, down 0.10 on the day. In economic news, it’s a quiet start to the week, with no major releases. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech from ECB President […]

Mario Draghi , the master of the dark art of central bank communiqué

Mario Draghi, the master of the dark art of central bank  communiqué After last week’s dramatic price action dubbed “the biggest week of the year” we have another potpourri of events to side-track from the World Cup games this week. There’s more than enough risk events to keep things exciting with a plethora of central […]

Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced […]