The Euro and Dax were largely unchanged despite another soft German ZEW survey, where investor morale fell to a Sep 2012 low amid escalating trade dispute between the US and EU
The anti-risk Japanese Yen is on defensive as financial markets turn a hopeful eye to a historic summit between the leaders of the US and North Korea.
Asian equity markets gained despite a fractious G7 meeting. Focus soon shifted to Singapore where leaders of the US and North Korea are due to meet Tuesday
After a disappointing G7 leaders’ summit, can Asian shares thrive on optimism ahead of Donald Trump’s meeting with Kim Jong Un? Or will the Yen rise on renewed US auto tariff threats?
The week ahead is eventful. The Federal Reserve, the European Central Bank, and the Bank of Japan hold policy meetings. This would make for a busy week by themselves, but there is more. Trade tensions […]
Anthony Bourdain, an award-winning chef, author and television host, was found dead from an apparent suicide in his hotel room in Strasbourg, France on Friday, according to CNN. The popular US television personality had worked […]
It was a counter trend kind of week in FX-land as the US Dollar pulled back while EUR/USD saw a short-squeeze. But next week brings pivotal rate decisions from both the Fed and the ECB, […]
The EUR/USD pair reached 1.1839, its highest since mid-May, as the greenback remained on the back foot, undermined by the concerns about US protectionism measures triggering clashes between the country and most major world’s economies. […]
Asian shares followed US higher as sentiment improved. A speech from BOC’s Poloz could boost the Canadian Dollar next. The ASX 200 is at key resistance.
The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.