On Friday, Trump threatened China with 100% tariffs on top of the existing rates as a retaliation against China’s new export control measures on rare earth minerals. However, comments received over the weekend appear to Read more…
China’s trade figures for September delivered a mixed picture. Exports rose 8.3% yoy, well above forecasts of 6.0% and marking the fastest pace in six months. Imports jumped 7.4% yoy, the strongest gain since April Read more…
Donald Trump has said he thinks quarterly earnings are a waste of time. There hasn’t been a huge groundswell of support to releasing corporate earnings, say, twice a year. So the ritual of companies releasing Read more…
Key Highlights EUR/USD declined further below 1.1600 and tested 1.1545. A major bearish trend line is forming with resistance at 1.1700 on the 4-hour chart. GBP/USD extended losses below 1.3400 and 1.3360. Gold is consolidating Read more…
Canadian Dollar is holding its ground as one of the month’s best-performing currencies so far, supported by surprisingly strong domestic data despite a slump in oil prices. WTI crude’s drop through 60 last week would Read more…
New Zealand’s services sector remained mired in contraction in September, with BNZ Performance of Services Index edging up modestly from 47.6 to 48.3. While the improvement marks a slight lift in momentum, the index has Read more…
It was a busy week in global markets. The Japanese yen weakened sharply after Sanae Takaichi won the ruling party leadership vote. In the U.S., the Federal Reserve’s meeting minutes showed that most officials support Read more…
AUDUSD: ⬇️ Sell AUDUSD broke support level 0.6525 Likely to fall to support level 0.6410 AUDUSD currency pair recently broke the support zone between the support level 0.6525 (low of wave (1) from September), 61.8% Read more…
NZDUSD: ⬇️ Sell NZDUSD broke support zone Likely to fall to support level 0.5660 NZDUSD currency pair recently broke the support zone between the support level 0.5750 (which reversed the price in September) and the Read more…
Dow Jones index: ⬇️ Sell Dow Jones index broke daily up channel from Likely to fall to support level 45470.00 Dow Jones index recently broke the daily up channel from end of July – which Read more…