EURUSD The pair is expected to continue to go lower after it broke down a major support from August. The European Union was expected to go into recession after the United Kingdom will go out of the European Union, since it was the largest economy among the 28 member nations. A weaker Eurpean Union, a …
EURTRY The pair was struggling to breakout of the downtrend. The draft negotiation deal between the European Union and the United Kingdom was already approved by UK’s Ministers and Parliament, which signals the eventual departure of UK from EU. Though the negotiation was a win-win situation, the EU will lose a member with the biggest …
Anxiety about China’s sluggish economy growth spill across Asian markets on Monday while US stock futures turning down and Chinese shares lingering in the red as concerns about US corporate earnings and global growth continued to pull down sentiment. E-mini futures for the S&P 500 and Dow e-minis slipped around 0.3 percent each, giving up …
Friday was still markedly turbulent for world markets as economic news focused of the slide on Asian shares to 20-month lows. Meanwhile, S&P futures fell steeply and China’s yuan weakened. Anticipation for corporate profits also added to the lingering fears toward global trade and economic growth. In a sign of shaky investor confidence, the gloom …
World Stock Markets Tense after Gloom in Asian Trading Read More »
The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics. [img desc: Angela Merkel announces she wouldn’t seek re-election] The euro slipped 0.4 percent to reach a day’s low …
The dollar edged higher against a basket of its key rivals on Monday, not far from a 10-week high following that data that showed US economic growth slowed less than expected and as global risk sentiment stayed fragile. The US currency has found support recently on the safe-haven buying as the investors’ demand for riskier …
Dollar Goes Up Against other Currencies on Bullish Data Read More »
The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken about his displeasure over the dollar’s strength, deviating from a custom in which US presidents try …
US Dollar Nears 10-Week Highs Ahead of US Growth Report Read More »
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
Japan to Retain Policy, Centers on 10-Year Yield Range Read More »
Saudi Arabia is planning to balance its state budgets over the medium term although they stay willing to accept deficits if they are needed to fuel economic growth, according to Finance Minister Mohammed al-Jadaan. The government has announced that it will get rid of the budget gap, officially projected at 148 billion riyals ($39.5 billion) …
Saudi Arabia Willing to Accept Deficit for Economic Growth Read More »
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