The US Dollar Index may retest the upper boundary of its ascending channel near 100.80. A decisive break above the 50 mark would be required to confirm a shift toward bullish momentum. The DXY may target immediate support at the nine-day EMA of 100.10. The US Dollar Index (DXY), which tracks the performance of the
Mixed market reactions ahead of trade talks United States (US) equity markets concluded last week on a subdued note as uncertainty loomed ahead of the weekend’s US-China trade discussions. For the week, the US 500 (S&P 500) finished 0.5% lower, the US Tech 100 (Nasdaq) slipped about 0.2%, and the Wall Street (Dow Jones) dropped by
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
Global trade tensions have turned the normally benign Hong Kong dollar into a treacherous currency to trade, with wild spot moves forcing hedge funds to unwind leveraged positions that were widely seen as relatively safe bets. “There were a lot of carry-type positions and people playing the range in that currency [HKD] that I think
Japan saw a current account surplus of 3.678 trillion yen in March, the Ministry of Finance said on Monday – up 6.7 percent on year. That was in line with expectations and down from 4.061 trillion yen in February. Exports were up 1.8 percent on year to 9.559 trillion yen, while imports were up an
AUD/USD gains ground to near 0.6420 in Monday’s early Asian session. China’s CPI fell for the third month amid ongoing economic struggles. The US and China cite progress in Geneva trade talks. The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
China’s Vice Premier He Lifeng described the weekend talks with U.S. officials as an important first step in stabilising bilateral trade relations, acknowledging that while differences remain, saying frictions are unavoidable. He underscored that the fundamental nature of China-U.S. trade is a mutual win-win, pushing back against zero-sum rhetoric that has recently dominated political discourse.
TRADER-UPDATE: Trump Tweets “Great Progress” in U.S.-China Trade Talks – But Final Deal Remains Uncertain Donald Trump has tweeted enthusiastically about recent trade discussions with China in Switzerland, calling them “friendly but constructive” and indicating that “great progress” has been made. While such optimism from Trump could be viewed positively, prompting market participants to anticipate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Earlier today there was a concerning escalation with Indian cruise missiles hitting Pakistan’s Nur Khan Airbase. Earlier, there was also an Indian military facility in Beas hit by Pakistan, supposedly destroying a storage facility for Brahmos missiles. I can’t confirm any of those reports but it looks like cooler heads have prevailed with both nuclear
Last week was dominated by developments out of the US and UK, not just because of monetary policy decisions, but also the unexpected announcement of a US-UK trade deal. Fed’s hold and BoE’s cut were were largely overshadowed by the surprise trade breakthrough. Importantly, the structure of the agreement offered valuable insights into the US
