The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.
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One word perfectly sums up the events of this week. Disappointing. For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime Minister May admitted defeat in […]
Former British Foreign Secretary Boris Johnson has become the clear favorite to succeed Theresa May as UK Prime Minister, and that poses a risk for traders looking to sell the British Pound.
In the past two weeks, the financial world has been thinking about the raging trade conflict between United States and China. This is after talks between the two countries ended, without any major outcome. In the aftermath, United…
The post Why China may Win the Ugly Trade War With the US appeared first on Forex.Info.
This week, crude oil has been among the worst-performing assets in the world. The West Texas Intermediate (WTI) declined by more than 9% while Brent declined by almost 8%. This was the sharpest drop this year. There are…
The post The Silver Lining In the Falling Crude Oil Prices appeared first on Forex.Info.
This was a pivotal week for the markets as stock markets around the world declined sharply. At the same time, the yield on the US treasuries declined to their lowest level this year while crude oil had the…
The post Weekly Review: Trade, Huawei, India, and Fed Minutes appeared first on Forex.Info.
It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.
After reporting a significant rebound in new orders for U.S. durable goods in the previous month, the Commerce Department released a report on Friday showing durable goods orders pulled back in the month of April.
UK retail sales performed better-than-expected in April as warm weather boosted clothing sales, data from the Office for National Statistics showed Friday. The retail sales volume remained unchanged month-on-month, after rising 1.2 percent in March. Sa…
EUR/USD hit the lowest since 2017 only to bounce back. Falling US yields drive the dollar lower as the euro awaits the EU election results. The four-hour EUR/USD chart is not bearish anymore. EUR/USD has hit a new 2019 low at 1.1107, but this was only …