EUR/USD fell today as markets continued to feel pressure from fears of a trade war between the United States and their trading partners. Although all the markets took the hit, European assets were particularly vulnerable after US President Donald Trump shifted focus of his criticism from China to the European Union. Today’s US macroeconomic data was confusing as one report showed a slowdown of manufacturing growth, while other showed […]
Read moreIf we look at how Forex success is depicted in commercials we see online, on TV, in magazines, and so on, we would get a picture of a filthy-rich person living in a posh house with an assortment of sports cars, and other screaming attributes of extraordinary wealth. And that person also has to spend just one or two hours per day trading Forex to multiply the riches. This image may not be a true […]
Read moreInterest in foreign exchange (FX) markets appear to be picking up in 2018 as major central banks alter the course for monetary policy, and the rise in FX volume should present opportunities throughout the coming months especially as the Federal Reserve looks poised to deliver two more rate-hikes over the remainder of the year. Share […]
Read moreTalking Points: The ISM’s monthly manufacturing figure came in at 62.3 versus an expected 58.5 As trade wars continue, the ISM report cited developing bottlenecks and concern on tariffs The positive release had substantial market impact for currencies paired with the US Stay up to date on important economic data with our Economic Calendar. The […]
Read moreThe US dollar emerged as the strongest currency on the Forex market today after trade war tensions continued to escalate as US President Donald Trump chose the European Union as the new target for his criticism of unfair trade deals. While previously Trump was chastising mostly China, he said in an interview yesterday: The European Union is possibly as bad as China, just smaller. It’s terrible what they do to us. But the mean […]
Read moreThe US dollar emerged as the strongest currency on the Forex market today after trade war tensions continued to escalate as US President Donald Trump chose the European Union as the new target for his criticism of unfair trade deals. While previously Trump was chastising mostly China, he said in an interview yesterday: The European Union is possibly as bad as China, just smaller. It’s terrible what they do to us. But the mean […]
Read moreThe euro today traded lower against the US dollar amid the deepening of the political crisis in Germany as the Interior Minister Horst Seehofer threatened to resign. The release of mixed Eurozone PMIs by IHS Markit in the early European session could not reverse the pair’s downtrend as the US dollar gained ground over the single currency. The EUR/USD currency pair today declined from an opening high of 1.1678 to a low of 1.1596 and was on a downtrend at the time of writing. The currency […]
Read moreThe euro today traded lower against the US dollar amid the deepening of the political crisis in Germany as the Interior Minister Horst Seehofer threatened to resign. The release of mixed Eurozone PMIs by IHS Markit in the early European session could not reverse the pair’s downtrend as the US dollar gained ground over the single currency. The EUR/USD currency pair today declined from an opening high of 1.1678 to a low of 1.1596 and was on a downtrend at the time of writing. The currency […]
Read moreEUR/USD fell today as markets continued to feel pressure from fears of a trade war between the United States and their trading partners. Although all the markets took the hit, European assets were particularly vulnerable after US President Donald Trump shifted focus of his criticism from China to the European Union. Today’s US macroeconomic data was confusing as one report showed a slowdown of manufacturing growth, while other showed […]
Read moreGBPUSD Analysis and News UK Manufacturing PMI beats expectations, providing a boost for BoE hawks. Initial Sterling gains short-lived amid the risk averse environment Check out our new Fundamental and Technical Q3 forecast guide for GBPUSD UK Manufacturing Output Remains Subdued UK Manufacturing PMI remained subdued at the end of the quarter, showing a rise […]
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