Intraday Trading

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…
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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.…
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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,…
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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.…
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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…
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On Wednesday, the US House voted to begin impeachment hearings against President Donald Trump. However, the markets were unmoved by the developments. The focus now shifts to the Senate which is controlled by the Republicans. There is…
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Investors remain cautious as the risk of a no-deal Brexit puts focus back on the UK. This comes amid a lack of any new reports on the US-China trade deal. Economic data also remains sparse for the USD. There were some speeches from Fed…
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The US dollar continues to hold steady amid a quiet few days. Economic data from the US was confined to the building permits report. US building permits rose by 1.48 million, while housing starts grew by 1.37 million. Both the numbers…
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Markets were trading somewhat quietly on Monday as the holiday season nears. A lack of fresh details on the US-China trade deal kept markets in check. Equities posted modest gains on the day. The USD was also on the back foot as trade…
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After extensive speculation, the US and China have finally agreed on the much-talked-about phase one trade deal. The announcement comes just before a fresh round of tariffs were to come into effect on goods imported from China.…
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