Weekly changes in the foreign exchange market It was a bounce-back week for the New Zealand dollar after months of struggles but you can’t say much else about the moves this week.
OPEC is holding a technical meeting this weekend I suspect there are some fears about hints of OPEC raising production. Technically, oil is below the trendline from the past year. It’s down $1.51 (or 2.25%) to $65.54 as the week winds down.
Official State press Xinhua carries a piece piece over the weekend warning agreements reached between the US and China trade and business will be void if the US implements tariffs and other trade measures,
Forex news for North American trade on June 1, 2018 Markets: – GBP leads, JPY lags – S&P 500 up 29 points to 2734 – WTI crude oil down $1.48 to $65.56 – US 10-yaer yields up 4 bps to 2.90% Non-farm payrolls traders got a dose of something new on Friday as Trump hinted…
White House economic adviser Larry Kudlow speaking on the “Fox News Sunday” program Says of Canadian Prime Minister Justin Trudeau’s response to the US imporsaition of steel tariifs late last week
G7 statement Reuters reports that G7 ministers (excluding the US) asked US Treasury Sec Mnuchin to relay their “unanimous concern and disappointment” about the metals tariffs imposed by Washington this week.
Hello and welcome to the start of the new FX week everyone! As is usual for a Monday morning, market liquidity is very thin indeed:Price guide, indications … not too much change, just a lil bit, from late Friday levels to open the week:
Comments from Bank of Canada Governor Poloz on Saturday – Risk to global economy are skewed by trade, monetary policy remains data dependent – Can’t make policy decisions on hypothetical policy or theoretical responses I don’t think this is anything to stop the Bank of Canada from hiking in July but the statement may not…
Forex seasonal trades for June 2018 The US dollar has a lot going for it. The economy is solid with a tax-cut tailwind and a central bank that’s eager to hike. Year-to-date, it’s up against everything but the yen.
Sell in June and go away When they say to sell in May and go away, maybe they mean at the end of May. June is a poor month for equities nearly everywhere. It’s the second-worst month on the calendar for he S&P 500 and the German DAX (-2.3% over the past 10 years) while…