Two Factual Errors Nn U.S. Report On China FX Manipulation
Chief Strategist Jimmy Zhu discusses in this CGTN report why the US Treasury department’s decision to label China as a Forex manipulator is a symbolic move without much implication.
Could the Trade War be Trump’s Final Card?
Trump could be dragging the trade war until the 2020 US elections before withdrawing to boost vote numbers. Gold could potentially rise higher as risk-off sentiments continue to increase.
Sneak Peek: Can a Stronger NFP Save the Dollar?
With risk sentiment shifting towards risk-off, a stronger NFP will only provide a better short entry. USD/JPY could break critical support at the 106.80 price level.
Breaking News: Gold Rose by 400 Pips after Trump Slaps Additional Tariffs on China
China is likely to retaliate if the tariffs were to go into effect, which could cause funds to flow into safe havens. Gold could resume its uptrend.
Sneak Peek: What to Expect from FOMC Tonight
As Fed’s cut is most likely a preventive move and insurance against risk, Fed may not open doors for additional easing. USD/JPY could fall initially after rate cut is announced before rising.
Breaking News: GBP/JPY Fell 150 Pips Amid Concerns of No-deal Brexit
Odds of a no-deal Brexit increased after PM Johnson said he will not meet EU leaders unless they shift their Brexit position. With GBP/USD hitting a 2016 low, we could expect some retracement after...
Fed to Cut Rate for First Time Since 2008
If historical price move is a reliable gauge, short USD/JPY after Fed’s cut?
Copy Tip of the Week – How to Find Strategies Which Trade with a Fixed Stop Loss
Most of the time, a good trading strategy is one that follows its trading plan. This is why a trader who sets a stop loss is usually deemed as a trader with a plan as compared to traders who allow...
Sneak Peek: ECB’s Odds of Rate Cut Rose to 48% after Disappointing PMIs
Despite the increase in the probability of a cut tonight, Draghi may change his forward guidance while keeping rates unchanged. EUR/USD may rise higher as market may start to price in Fed’s cut later...
