Forex Consulting

Dollar pares gains as European markets open

Only GBP is performing worse than the USD That was quick. EUR/USD now up to 1.1942, while USD/JPY hitting session lows of 111.21. Even AUD/USD and NZD/USD has recovered and are in positive territory for the day now. Is this the turning point for the greenback? Copyright 2015 Forexlive.com

Forex Consulting

Six US senators to watch this week

Republicans can only lose one vote The tax cut debate will ramp up again this week with Congress returning from recess. A vote on the tax bill could take place as soon as Wednesday if Democratic stall tactics fail. Copyright 2015 Forexlive.com

Forex Consulting

AUD and NZD sold as stock markets sour

Risk sentiment deteriorates The Australian and kiwi dollars are under some pressure, both falling more than 0.4% against the yen as the Nikkei reverses a +0.5% gain into a -0.4% loss. The Shanghai Composite has also fallen to the lowest since Aug 25. There is talk that Japanese funds are on the offer in AUD and NZD.…

Forex Consulting

OPEC to overstimulate the oil market in 2018?

WSJ with an article on investors getting worried by OPEC overdoing its job OPEC will meet again this week in Vienna, and will likely announce an agreement to extend its current supply cut of 2% in the oil market. By right, that should signal good news to oil investors and executives but it seems that…

Forex Consulting

China Oct services trade deficit USD 17.8bln

China Oct services trade data just out 27 Nov – Jan-Oct services trade deficit USD 216.5bln No further detail at present from the FX regulator SAFE. ” So what services have you noticed in decline?” “Def not providing this yummy bamboo” Copyright 2015 Forexlive.com