Forex News

Market Brief: Conflicting Trade Headlines, But Markets Want The Real Deal

View our guide on how to interpret the FX Dashboard FX Brief: Officials from US and China have confirmed that both sides could roll back tariffs as part of the phase one trade deal, although no timetable has been presented. Chinese exports rose 2.1% YoY (Yuan-denominated), pushing their trade surplus up to 42.8 billion versus 40.4. …

S&P500: Long Buybacks And Value?

Whilst the S&P500 bullish trend rages on, there are near-term signs of exhaustion. Yet looking at the leaders and the laggards, it also appears that the driving forces behind these new highs has changed. It’s been a good week for energy stocks, with trade optimism and higher oil prices obviously helping. If the deal can …

Gold on the edge as investors weigh conflicting macro factors

At the time of writing, gold was somewhat desperately trying to cling onto key support around $1480, finding mild support thanks to the stock market rally pausing for a breather. The precious metal fell sharply on Tuesday, partly because we saw further unexpected improvement in economic data and thawing of US-China trade frictions, both helping …

Market Brief: stronger Eurozone data lifts euro

At 13:30 GMT, the euro and yen were the strongest while North American dollars brought up the rear. Gold edged higher, stocks were mixed and bond yields fell back a little after yesterday’s gains. It has been a quieter session thus far, hopefully ahead of a bit more volatile US session later. View our guide …

EUR/JPY Coiling for a Breakout?

In an otherwise quiet news day, the emerging theory that Europe’s economy may be stabilizing got some support from the updated Eurozone PMI reports. As for Germany, the Eurozone’s most important economy, the final Services PMI report for October was revised up to 51.6, with the equivalent report for the Eurozone as a whole rising …

USD/ZAR Forming Cup and Handle but Must Fill the Gap First!

The South African Rand gapped lower on Sunday evening as Moody’s maintained its investment grade rating for South Africa.  Many were expecting the credit agency to downgrade the rating, as the budget forecast for South Africa showed that the financials of the county were deteriorating.  However, although Moody’s did maintain the investment grade rating, they …

Further Signs That The Dollar Could Be In For A Better Month

November has been off to a much better start for USD than October ended. Add seasonality to the Mix and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing candles tend to provide bullish reactions on DXY. However, looking at seasonal data for …

Market Brief: Phase One Delay Sees Yen Catch A Bid

View our guide on how to interpret the FX Dashboard FX Brief: The Japanese yen is the strongest major on reports that China and US may not sign a deal until December. Unless of course this gets pushed further back, which appears to be China’s game. Although the latest potential venue could be London.   …

A ’Risk Reversal’ Could Finally Be Underway | JPY Pairs

The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their anticipated corrections. With indices just off record highs and several markets pausing below key resistance (AUD/USD, EUR/JPY and USD/JPY, just to name a few), it suggests traders are hopeful US and China can sign this …

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