USD/CNH Spikes After Soft Chinese Data, Trade War News in Focus

Talking Points – INDUSTRIAL DATA, PBOC, YUAN, TRADE WARS Offshore Yuan fell after weak industrial profits reports PBOC intervention to stem widespread Yuan selloffs $ 16b reciprocal tariffs, resumption of trade talks in focus next The offshore Chinese Yuan fell against the greenback as local economic data crossed the wires during Monday’s trading session. Year-over-year […]

AUD/USD Rises on Trade War News, Ignores Mixed Employment Data

Talking Points: AUD/USD higher on US-China trade war news, despite mixed data Positive follow-through unlikely due to dovish Reserve Bank of Australia Risk sentiment and RBA Governor Lowe’s speech in spotlight next Just started trading AUD/USD? Check out ourbeginners’ FX markets guide! The Australian Dollar appreciated against its US counterpart after news broke that the […]

Canadian Dollar Rate Forecast: CAD Slips On Housing Data, Outlook Positive

Canadian Dollar Rate Forecast Key Takeaways: USD/CAD Price Forecast: Pullback to 200-DMA may provide a shorting opportunity Multiple fundamental factors backing Bullish technical view on CAD IG UK Client Sentiment Highlight: Retail long activity jumps, bias for downside emerges The risks that were causing traders to price out Bank of Canada rate hikes seem to […]

Crude Oil Price Rise May Stall on EIA Drilling Data

Talking Points: Crude oil and gold prices rose after data showed slowing US wage growth Easing worries about steep Fed rate hikes lifted sentiment, hurt US Dollar Stock index futures hint at “risk-on” mood ahead, EIA drilling report due Crude oil prices shot higher as February’s US labor-market statistics showed wage inflation dropped back to […]

Weekly Trading Forecast: Volatility Ahead on Key Data, US Tax Cut

Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy. US Dollar Forecast: Yellen, Key Data May Boost Politics-Driven Volatility Politically inspired US Dollar volatility may be compounded by a high-profile speech from Fed Chair Janet Yellen as well as the release […]