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 […]
Tag: usd
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.
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…
The long drawn out process for Theresa May to resign is over. PM May’s emotional speech at the doorsteps of 10 Downing Street delivered the news she will step down on June 7th. After three failed Brexit deal votes in Parliament and a fourth pitch that was dead on arrival, May had no choice but to resign. May’s […]
The DAX has rebounded on Friday, after posting sharp losses on Thursday. Currently, the index is at 12,053, up 0.85% on the day. On the release front, it’s quiet end to the week, with no German or eurozone events. It is Day 2 of the European election, with results to be published on Sunday night, […]
EUR/USD has paused on Friday, after gaining ground on Thursday. Currently, the pair is trading at 1.1193, up 0.10% on the day. There are no German or eurozone events on the schedule. Today’s highlight is U.S. durable goods orders, with the markets braced for soft numbers. Durable goods orders is expected to decline 2.0% in […]
Prime Minister Theresa May said on Friday she would step down on June 7, succumbing to calls in her governing Conservative Party to make way for a new leader to try to break an impasse over Britain’s departure from the European Union. “It is now clear to me that it is in the best interests […]