Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that – unlike US measures that mostly targeted obscure industrial products – actually struck at key industries like soybean farmers, automobiles and airplanes, the Communist Party crowd about what it already sees as its “victory”…
China’s proposal spurs risk appetite, will USD/JPY break 107? China’s proposal to match the scale of proposed US tariff actually paved way for further negotiation to fill the gap, instead of ending with an escalation of trade tension; that said, stocks market may be overreacted initially. Any further negotiation may not be limited to trade…
USD/CAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
USD/CAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
Trade data headlines show the trade balance again worsened from last month. Analyst Opinion of Trade Data The data in this series wobbles and the 3 month rolling averages are the best way to look at this series. The 3 month averages are slowing for exports and accelerating for imports. Thus the trade balance worsened….
After posting a sub-220k reading last week, economists were projecting that initial jobless claims would come in at 225k this week. When the actual number was released at 8:30 AM ET today (as it is every Thursday at this time), it was a bit surprising to see a spike up to 242k — 17k higher than…
USD/JPY topped 107 after a long period of depression in lower levels. What’s next? Here are opinions from Barclays and from TD: Here is their view, courtesy of eFXnews: USD/JPY: Technical Hurdles To Further Recovery – Barclays Barclays Research discusses USD/JPY outlook and thinks that while near-term dynamics should remain driven by global risk sentiment, the…
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a…
Gold soared yesterday, likely based on the escalation of the trade conflict between the U.S. and China, but after several hours the rally was over. The tensions didn’t really subside, but the price of gold is already about $10 below the price at which it was trading when yesterday’s rally had started. Is gold trying…
The US dollar appears to be carving a low against the yen. After a significant fall, investor ought to be sensitive to bottoming patterns. The first tell was the key reversal on March 26. In this case, the key reversal was when the dollar made a new low for the move (~JPY104.55) and then rallied to…
