usa china tradewar

Another week and another new chapter in the trade war saga has been written. Following Trump’s recent implementation of tariffs on $34 billion worth of Chinese goods and China’s subsequent retaliation of equal measure, the US has now announced plans for another import tariff on a list of Chinese goods totalling $200 billion to be implemented as ...

2018-07-11 James Harte Read more
us unemployment rate

The June payrolls report released by the U.S. Bureau of Labor Statistics showed a mixed bag. The unemployment rate ticked higher by two percentage points from an 18-year low. Hiring was steady and number of people joining the work force increased. The non-farm payrolls were seen rising by 213,000 on a seasonally adjusted basis in June while t...

2018-07-10 John Benjamin Read more

 EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more
forex commodities

Gold After suffering consecutive weeks of declines over the last month, the yellow metal was able to rebound higher this week as safe haven inflows saw steady demand. With the market bracing for the implementation of bilateral US/ Chinese tariffs on Friday which is set to affect billions of dollar’s worth of each country’s goods, there has been...

2018-07-05 James Harte Read more
us q1 forex

The U.S. economy was seen advancing at a slower than expected pace from what was initially reported, data from the commerce department showed last week. The United States Gross Domestic Product or GDP which measures the goods and services produced in the economy was seen expanding at a seasonally adjusted pace of 2.0% in the first quarter of the...

2018-07-04 John Benjamin Read more

The month of June stood out with two major central banks taking monetary policy decisions. The U.S. Federal Reserve hiked interest rates by 25 basis points while the European Central Bank announced a modest taper to 15 billion euro starting from September and eventually ending its QE program by December 2018. The U.S. dollar continued to main...

2018-07-03 John Benjamin Read more
forex analysis

Daily Forex Market Preview, 02/07/2018 The euro currency was seen posting strong gains from the start on Friday. The gains came as news outlets reported that the EU summit saw the region's leaders agreeing to solutions on the European migrant crisis. The common currency also held its ground as economic data later in the day showed that hea...

2018-07-02 Orbex Read more
precious metals

Gold The yellow metal was down heavily this week as the US Dollar continues to extend its recent bull run, as the market continues to trade off US rate hike expectations. Following the Fed’s second rate hike this year and the upward revision to its rates forecast, which now projects two further hikes this year from one previously, the market ha...

2018-06-28 James Harte Read more

While recent market focus has been centred around the growing trade wars between the US and China and the US and Europe, there are other key events taking place which require consideration. The leaders of the European Union will meet later this week with the European Council meeting on Thursday and the EU summit on Friday to discuss financial re...

2018-06-27 James Harte Read more
china feeds

China Cuts RRR A Further 0.50% As the trade war between the US and China heats up it seems that neither side is showing any sign of backing away from the conflict. Instead, China has made moves to shore up its economy in order to continue its battle with the US as the PBoC has once again cut the requirement reserve ration by 0.50%. This move ha...

2018-06-26 James Harte Read more