Fri, Sep 20, 2019 @ 15:03 GMT
Dollar regains some ground in early US session as US exempts tariffs on some Chinese products temporarily. It seems that both sides are keen to create the right mood for continuing negotiations, at least for now. Though, at this...
Headline sales edged up 0.4% Volume sales were unchanged in July, both from the prior month and a year earlier Canadian retail sales have remained (somewhat puzzlingly) soft. The headline sales increase in July was the first in three...
US Trade Representative Office is temporarily exempting more than 400 lines of Chinese import from tariffs imposed last year. Exclusions included Christmas tree lights, plastic straws, dog leashes and printed circuit boards. According to USTR documents, the exemptions stem...
Boston Fed President Eric Rosengren dissented to Fed's rate cut this week and voted for no change. In a statement released today, he explained that "additional monetary stimulus is not needed for an economy where labor markets are already...
Canada retail sales rose 0.4% mom in July, to CAD 51.5B, matched expectations. Higher sales were reported in 6 of 11 subsectors representing 71% of retail trade. Ex-auto sales, on the other hand, dropped -0.1% mom, below expectation of...
Irish Foreign Minister Simon Coveney told BBC radio that "the mood music has improved" for Brexit. And, ""We all want a deal, we all know that a no-deal will be a lose, lose, lose for everybody, but particularly for...
St. Louis Fed President James Bullard voted for a -50bps rate cut earlier this week, dissenting other's decisions of -25bps cut. He explained that a large cut "would provide insurance against further declines in expected inflation and a slowing...
Pound surges on rising odds of a Brexit deal; Barnier-Barclay meeting eyed Dollar edges lower as other central banks hold steady, Treasuries slip Cautious optimism as US-China trade talks resume Oil spikes again after Saudi Arabia strikes Houthi...
NZDUSD bears are at the wheel and have steered the pair back on track with the medium-term negative picture. The price recovered on September 3, to hit a pothole at the 200-period simple moving average (SMA) on the four-hour...
USDCAD bulls relaxed near the 200-day simple moving average (SMA) on Thursday, letting the price to slip back into the 1.3200 handle. According to the RSI and the MACD, traders could behave neutral in the short-term as the former hovers...
Sterling At Two-Month High In the event of no-deal Brexit, we could see parity for Sterling against the dollar but that risk has faded to a larger extent after a significant change in stance from European lawmakers yesterday. The Sterling...
Sterling rises broadly today on optimism that a Brexit deal could finally be reached by the end of next month. For now, Swiss Franc and Yen are following as next strongest. On the other hand, Dollar turns soft as...
Sterling rises notably after comments from European Commission President Jean-Claude Juncker. He told Sky News that he didn't have "an erotic relation" to the so-called Irish backstop. As long as alternative arrangements are in place to achieve all main...
Japan CPI core (all items less fresh food) slowed to 0.5% yoy in August, down from 0.6% yoy, matched expectations. All items CPI slowed to 0.3% yoy, down from 0.5% yoy. CPI core-core (all items less fresh food and...
Ex-IMF chief, soon to be ECB President, Christine Lagarde urged global policymakers to "try to reduce the fragility and ... resolve the uncertainty," facing the global economy. She noted that "what we have at the moment is a rather...
Deputy level US-China trade talks stated yesterday in Washington in preparation for the top level meeting next month. It's reported that agriculture was having a disproportionate amount of time in the discussions. But there is not official confirmation of...
Key insights from the week that was. For Australia, the week got underway with the release of the September RBA minutes. The minutes had a renewed focus on the Australian labour market, particularly persistent weak wages growth. Of greatest significance...

USD Set To Correct?

Whilst we’re not seeking large moves, there are two pairs which could be looking to take advantage of the dollar over the near-term; USD/JPY and USD/SGD. USD/JPY has hit resistance around 108.50 with a bearish engulfing candle (making it a...
Gold price recovered nicely from the $1,480 support area and climbed above $1,500. Crude oil price is correcting gains and it is facing hurdles near $60.00. Important Takeaways for Gold and Oil Gold price started a decent upward move after...
Key Highlights The Aussie Dollar topped near 0.6895 and declined recently against the US Dollar. AUD/USD broke an ascending channel with support near 0.6870 on the 4-hours chart. Australia's Employment changed 34.7K in August 2019, less than the last...
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