The US trade balance with Canada fell from a surplus to a deficit in March as exports fell and imports increased as the new USMCA deal faces resistance alongside the US-China trade deadline.
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Thursday, 9 May 2019
S&P 500 Tumbles as Trade War Tensions Spark US Yield Curve Inversion
US yield curve inverts for the first time since March, however, don’t expect a recession is coming just yet. The US look set to hike tariffs to 25% from 10% however, a trade deal remains the base case.
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Why Trading Execution and High-Frequency Trading Algorithms Are Gaining Popularity
Algorithms are being more and more used, and the two main methods are algorithms for execution and high-frequency trading.
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GOOG Weighs on FAANG Like FB Did Last Year, Bad Sign for the Nasdaq 100
Last year Facebook was the first to break a couple of months before the market topped, Google has a similar look these days; so goes FAANG goes the NDX goes the whole market.
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GBP/JPY Price Outlook: Significant Trading Levels and Zones
Downtrend Gaining Momentum Since mid-April, GBP/JPY has been leaning to the downside from the lower high created on
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JPY Dominates on Trade War Update, GBP Eyes Critical Support - US Market Open
Safe-haven flows have dominated FX markets with the CHF and JPY the major beneficiaries, most notably the latter rose to a 3-month high against the greenback.
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US Dollar Calm, Yen Strong as Volatility Threatens to Force a Break
Risk aversion signals continue to stack up as global stocks remain on their back foot. Last week's FOMC, dimming hopes of a US-China deal and Iran tensions in focus.
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US-China Trade Talk Worries Lift Havens, Gold and JPY Strengthen
Concern that the US-China trade talks could end without agreement is damaging market sentiment, benefiting safe havens such as gold, the Japanese Yen and US Treasuries.
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VIX Curve Inversion: A Bad Omen the S&P 500
A VIX curve inversion and record VIX net short positioning is unlikely to calm the nerves of equity investors. Previously, VIX curve inversions have preceded an equity market plunge.
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Japanese Yen Winning the Safe Haven Battle vs USD and Gold
Heightened trade war tensions between the US and China has fueled demand into safe haven assets with the JPY the notable beneficiary, rising to a 3-month high.
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USDNOK Drops as Norges Bank says Rates Will Likely Rise in June
The Norwegian Krone is strengthening after Norway’s central bank left interest rates unchanged but said its policy rate will most likely be increased next month.
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DailyFX Poll: Corbyn Could be Best Successor to PM May for GBP
Of the four leading candidates to replace Theresa May as UK Prime Minister, Opposition leader Jeremy Corbyn would be the most positive for the British Pound, according to a DailyFX poll.
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EURUSD Rate Vulnerable to Strong U.S. Consumer Price Index (CPI)
Fresh data prints coming out of the U.S. economy may drag on EUR/USD should the data prints highlight a diminish threat for below-target inflation.
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Wednesday, 8 May 2019
GBP Sighs on Brexit - EUR/USD Eyeing US Data, Trade Wars in Focus
Sterling found itself groaning recent Brexit developments, EUR/USD eyes US economic data and global markets are monitoring fragile US-China trade talks.
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S&P 500 Outlook Bearish, KOSPI Sinks on Trade Deal Breakdown Fears
Most equities fell in Asia as fears of a breakdown in US-China trade talks sunk the Nikkei 225 and KOSPI. Meanwhile, the S&P 500 looks poised to accelerate losses, eyeing support next.
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Australian Dollar Investors Should Watch US/China Trade Story Closely
The Australian Dollar gained sharply after its key domestic interest rate was held steady once again this month. Did trade talks swing the RBA's vote?
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Gold Prices Subdued at Resistance, Eying Fed Along With Crude Oil
Gold prices inch towards inevitable upside or downside breakout, eyeing a speech from Fed Chair Jerome Powell and increasingly tense US-China trade talks, along with crude oil prices.
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AUD _ After Chinese CPI Slips - US-China Trade War Ahead
The Australian Dollar largely ignored Chinese CPI data as trade negotiations between Beijing and Washington continue to dominate headlines and AUD’s price movement.
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Risk Aversion Lifts Japanese Yen, USDJPY Hits Retracement Support
The Japanese Yen has seen a good run of technical gains, but its strength has been fundamentally underpinned by risk appetite, which is fickle.
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Post-RBA AUDUSD Rebound to Take Cues From China CPI
Updates to China’s Consumer Price Index (CPI) may influence the AUD/USD exchange rate as the reading for inflation is expected to increase to 2.5% from 2.3% in March.
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