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USD Stumble Provides a Boost For Gold

Senior Market Analyst Craig Erlam gives his analysis on EURUSD, GBPUSD, EURGBP, AUDUSD, NZDUSD, USDCAD, USDJPY, GBPJPY, EURJPY, Gold, WTI crude, Brent crude, FTSE 100 and Dow. He also offers explanation as to why some of the broader moves are happening from a fundamental perspective. Dow Winning Streak Under Threat on Friday DAX Muted as […]

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Dow Winning Streak Under Threat on Friday

Dow Winning Streak Under Threat on Friday

The Dow’s winning streak is set to be seriously tested on Friday, with US futures currently indicating that all three major indices will open around one third of a percentage point lower. In the absence of much economic data today and with the Fed taking the day off from public appearances, it appears we may […]

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DAX Muted as Investors Looking for Cues

The DAX Index is quiet in the Friday session, as the index is down by 0.30%. Currently, the DAX is trading at 11,920.90 points. On the release front, there are no eurozone economic indicator, so it could remain a quiet day. On Thursday, the DAX briefly pushed across the symbolic 12,000 level, but has since retreated. […]

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Who Stands to Lose From Trade War With China?

Who Stands to Lose From Trade War With China?

There’s at least one big loser if President Donald J. Trump ignites a trade war with China: Taiwan. The island democracy has a heavily export-dependent economy enmeshed in billions of dollars in U.S. and China trade. Any blowup would have a spillover effect that would reverberate from Silicon Valley to Taipei and Beijing. The risk […]

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Euro Listless Ahead of US Housing, Consumer Confidence

EUR/USD is showing limited movement in the Friday session. Currently, the pair is trading at 1.0580. On the release front, there are no eurozone events. In the US, the markets are forecasting mixed news from today’s key indicators. New Home Sales is expected to jump to 575 thousand. but UoM Consumer Sentiment is forecast to dip […]

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China Grand Champions of Currency Manipulation

China Grand Champions of Currency Manipulation

President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices. In an exclusive interview with Reuters, Trump said he has not “held back” in his assessment that China manipulates its yuan currency, despite not […]

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Half of Germans Against Greek Debt Relief

Half of Germans Against Greek Debt Relief

Around half of Germans are against granting debt relief to Greece and around three in 10 want the debt-laden country to quit the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair […]

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