The report released on Friday again highlights the generally bullish bias towards USD, with only minor changes from the week before.
The report released on Friday again highlights the generally bullish bias towards USD, with only minor changes from the week before.
The US dollar index (DXY) remains stuck in a tight range, despite potential US China trade war escalation, leaving gold rudderless for now.
Solid technical and fundamental support for bullish CADJPY set-up.
The FTSE 100 to face renewed selling amid the escalation of the US-China trade war. UK data risks involve the latest CPI report scheduled for Wednesday.
China's Shanghai Composite Index closes at lowest level since 2014.
It's 50% correction from 2015 peak
The US Dollar and the Japanese Yen may rise as worries about trade war escalation between the US and China sour the mood across global financial markets.
Euro chart positioning hints the currency may be downward-bound against the British Pound but the confirmation needed to take a trade is still pending.
The Us Dollar gained on Friday as US President Donald Trump rekindled trade war fears. Asia Pacific shares may trade lower as USD/JPY breaks out of consolidation, eyeing the July highs.
A steady slide in the Dollar and healthy advance is equities this past week was checked before we reached the opportunity for a break. What are the levels and markets we should watch most closely in the week ahead?
The US-JP 2yr bond spread is now the widest since 2007 and with no signs that the BoJ are looking to exit their ultra-loose monetary policy, USDJPY may well push for higher levels.
The daily GBPUSD chart shows further upside possible but the four-hour chart warns that the recent uptrend may be broken and drag and caution is needed.
The Japanese Yen is entering the new week on weak footing, especially as the Nikkei 225 attempts a breakout.
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...