Month: August 2018

Forex news for North American trade on August 31, 2018: Markets: Gold flat WTI crude oil down 33-cents to $69.92 S&P 500 flat at 2901 US 10-year yields flat at 2.86% CHF leads on month, AUD lags USD leads on day, AUD lags The day started with hopes for a NAFTA deal but those were
WSJ report Talks break up with no agreement. Trump Is Expected to Notify Congress of Plans to Proceed with Mexico-Only Deal to Replace NAFTA– Sources Trump Announcement Is Expected to Suggest Canada Can Still Join Revised NAFTA — Sources This isn’t as bad as it sounds. The notification to Congress can’t be made on a
EUR/USD now trades below the 100-hour MA ForexLive That signals that the near-term bullish bias is broken and with price staying in between the two key hourly moving averages, the near-term bias is very much undefined. The dollar caught a bid overnight and the pair fell to lows just under the 1.1650 but held onto
More from US President Trump, this time on the yuan and manipulation  China is trying to devalue its currency US is studying whether to label China a currency manipulator China is not playing with a level playing field with currency US is examining ‘formula’ for currency manipulators  From Bloomberg’s interview with President Trump — I
Down across the board The European major indices have slid lower in trading today: German Dax fell -0.6% France’s CAC fell -0.4% UK’s FTSE fell -0.6% Spain’s Ibex fell -1.5% Italy’s FTSE MIB fell -1.3% Portugal PSI20 fell -0.60% In the benchmark 10 year notes, the Italian yields rise on risk off. The Italian to
Business confidence threw the buyers a curve ball today The ANZ business confidence threw the bulls/buyers a curve ball in the Asian session (see post from yesterday, “NZDUSD slow plays a topside technical break on the daily”) . The price fell below the 100 hour MA (blue line in the chart below), then the 200
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 of your initial investment;