Intraday Trading

Reports from Washington revealed that the US and China are close to agreeing to a trade deal. This comes after Washington reportedly eased its demands by giving industrial subsidies and focusing more on technology and IP protection.…
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The US dollar closed last week on a bearish note. Economic data on the day saw the release of the monthly import price data. Monthly import prices advanced 0.6% on the month beating estimates of a 0.4% increase. The gains were spurred by…
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The weekly jobless claims for the week ending April 5th touched a new low. Official data showed that the initial jobless claims fell to 196,000 beating estimates of 210,000. This was a new low in the weekly jobless claims report in the…
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The US dollar was seen trading weak on the day on Wednesday. Inflation data released by the Labor Department showed that headline inflation for March rose 0.4%, beating estimates. This pushed the annual inflation rate to 1.9%. However,…
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The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to 3.5% previously. The IMF cited several downside risks including Brexit, US-China trade…
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The monthly factory orders report showed a 0.5% decline on the month matching estimates. The declines in February mark a fourth consecutive fall in factory orders. As a result, the USD was trading weaker on the day. The monthly durable…
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The payrolls report for March saw the US economy adding 196,000 jobs during the month. This beat expectations of a 175,000 increase for the period. The jobs data rebounded from February’s revision to 33k jobs. The unemployment rate held…
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The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000. This was the lowest level since 1969 for the week ending March 30. US President Trump said that…
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The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM’s non-manufacturing PMI was also lower, rising to 56.1 and…
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The US dollar index managed to hold on to the gains amid a mixed batch of economic reports. Retail sales fell 0.2% in February unexpectedly, while the ISM’s manufacturing PMI rose to 55.3 during the month. Construction spending data also…
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