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GBPUSD
US & China Sign Phase One Deal
After nearly a year since President Trump started his trade war rhetoric against China, both parties have signed a deal.
The phase one of the trade deal is seen by many as a first step towards easing trade tensions between the two… Read More
USD Maintains Modest Gains
The US dollar held onto gains as the index struggles to break out from the current highs near 97.50.
Economic data from the United States saw inflation data disappointing.
Headline inflation rose 0.2%, while core inflation rose just… Read More
BOE Begins Stimulus?
Carney hinted to stimulus yesterday after suggestions that the EU-UK talks could be dragged past the tight deadline. The passenger plane crash in Iran didn’t reflect into the markets either, letting safe haven outflows continue weakening… Read More
Equities Rally as China & US Prepare to Sign Trade Deal
The US-China trade deal was once again back in focus, pushing equities to resume the rally. The gains come after China said that its vice premier will be traveling to the US to sign the phase one of the trade deal.
The announcement… Read More
Market Sentiment Picks Up After Muted Iran Response
Equity markets resumed the rally following Iran’s response to the US attacks.
Investors remain hopeful that the tensions will not escalate too far.
This has resulted in the precious metal retreating amid a surge in risk appetite.… Read More
USD Rebounds on Better Trade Numbers & NMI
The US dollar is rebounding after a patch of strong economic reports from the United States.
The ISM non-manufacturing PMI was higher at 55.0, beating estimates of 54.5. It was also higher compared to November’s print of 53.9.
The… Read More
Investors on edge on US-Iran tensions
Investors were cautious on Monday. The markets opened following the US killing of a top Iranian commander.
The risk-off sentiment saw equities trading weaker, while gold prices rallied to highs of 1588 before retreating intraday.… Read More
Equities slip on US-Iran News
Risk sentiment was back on the table as equities retreated off fresh highs made earlier into the week. The declines came after news reports revealed that US airstrikes had killed Iran’s top military commander.
Iran vowed to retaliate,… Read More
Equities Continue Push to New Highs
The markets opened with a bang on the first trading day of the year.
US equity indices followed their global counterparts. The gains came after President Trump said that he would be signing a trade deal with China on the 15th of January.… Read More
Dollar Starts New Year on Positive Footing
The last trading day of the year marked a rough month for the dollar on the back of technical and risk appetite factors above than anything else.
Christmas trading has been typically soft throughout the years, but that was not the case… Read More