AUDUSD

European Open Preview – Trump fires fresh tariff salvo, how will China “strike back”?

Posted on September 18, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down fractionally on Tuesday (-0.08%), extending the notable losses it posted in the previous session, unable to attract safe-haven inflows even despite a fresh escalation in the US-China trade standoff. The pound gained ground on Monday alongside the euro as investors positioned for an EU summit that commences tomorrow, with expectations for a Brexit breakthrough riding high. STOCKS: US markets closed in the red on Monday, weighed [..]

US Open Preview – Euro, pound resume bullish mood as trade risks intensify

Posted on September 17, 2018 at 11:54 am GMT

Here are the latest developments in global markets: FOREX: During the early European session, the US dollar was slightly weaker against the yen near 112.00 (-0.04%), with investors trading cautiously as the US President Donald Trump is said to announce new levies on China later today. The Eurozone Harmonized Consumer Price Index (HCPI) for the month of August released earlier today, confirmed the preliminary estimates. The yearly headline inflation remained the same as in the previous month at 2.0%, while the monthly gauge [..]

European Open Preview – Dollar recovers as trade tensions resurface

Posted on September 17, 2018 at 8:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is down by a marginal 0.05% against a basket of six major currencies on Monday, largely holding on to the safe-haven gains it recorded in the previous session as concerns regarding an escalation in US-China trade row resurfaced. There was little movement elsewhere in the FX market, with investors appearing somewhat reluctant to initiate new bets with the risk of fresh tariffs being imposed soon hanging in the [..]

US Open Preview – Yen rebounds on Abe’s remarks; US retail sales and industrial production eyed

Posted on September 14, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Hopes for China and the US to restart trade dialogues soon, higher growth projections by the Bank of England and the ECB’s optimism for wages and inflation in the EU reduced the demand for safe-havens such as the yen, sending dollar/yen to 112.07 early on Friday for the first time since August 1. Yet, the upside did not last for long, with the pair dropping back to 111.70 (-0.11%) after the Japanese Prime Minister, Shinzo Abe [..]

European Open Preview – Yen crumbles amid risk-on mood; US retail sales in the spotlight

Posted on September 14, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly unchanged on Friday (-0.02%), holding on to the losses it posted in the previous session following a disappointment in the US CPI inflation data. The yen also retreated across the board, as risk appetite remained firm and investors rotated funds out of haven assets and into riskier ones. Meanwhile, the euro gained slightly after the ECB confirmed its normalization plans remain on track yesterday, while the pound was [..]

US Open Preview – Euro, pound on the sidelines ahead of BoE and ECB rate announcements; Turkey decides on rates too

Posted on September 13, 2018 at 10:59 am GMT

Here are the latest developments in global markets: FOREX: The euro and the pound were in a quiet trade a few hours before the European Central Bank and the Bank of England make announcements on interest rates, with euro/dollar edging slightly down to 1.1610 (-0.13%) and pound/dollar consolidating around 1.3045. The Turkish central bank is also scheduled to decide on interest rates later today and unlike its European counterparts who are projected to stand pat, it is expected to lift borrowing costs to [..]

Chinese data likely to confirm steady but moderating growth as trade tensions persist – Forex News Preview

Posted on September 13, 2018 at 9:20 am GMT

As China awaits President Trump’s next move in the ongoing trade war, economic indicators due on Friday at 02:00 GMT will provide the latest look at the strength of industrial output, retail sales and fixed-asset investment in the world’s second largest economy. While export growth has so far remained resilient in the face of higher import tariffs by the US, there are signs the escalating trade dispute is weighing on Chinese business confidence. This is reflected in the yuan and [..]

European Open Preview – Trade talk hopes weigh on dollar; BoE, ECB & Turkish central bank policy decisions eyed

Posted on September 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is slightly higher on Thursday (+0.08%), recouping some of the losses it posted in the previous session as safe-haven bets on the currency were scaled back, following news the US and China are set to hold new trade talks. The risk-sensitive aussie surged, while the loonie also advanced after Mexico’s economy minister played up the prospect of a US-Canada trade deal. Elsewhere, the euro and sterling were little changed, ahead [..]

US Open Preview – Dollar trades with caution ahead of PPI; EM currencies at fresh lows as trade fears weigh

Posted on September 12, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: During the early European session, the dollar was slightly weaker against the yen at 111.47 (-0.13%), while the dollar index also stood marginally lower at 95.16 (-0.09%) as investors were cautious about whether Washington will proceed with further import tariffs against China, potentially forcing Beijing to take countermeasures as well. In emerging markets, trade fears spurred a further sell-off, with the offshore Chinese yuan dropping to 2 ½ -week lows and the Indian rupee hitting fresh record troughs [..]

Upcoming employment data unlikely to place a floor on the Aussie’s retreat – Forex News Preview

Posted on September 12, 2018 at 9:22 am GMT

Australian employment figures for August are due on Thursday at 0130 GMT, with the economy expected to be a net creator of jobs following July’s negative employment growth. The Aussie is on the receiving end of considerable pressure stemming from growing concerns for a full-blown trade war between the US and China, as well as on the back of domestic drivers. Strong data later in the week may provide some short-term relief to the battered currency, but unless the trade [..]

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