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.
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.
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.
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...
If historical price move is a reliable gauge, short USD/JPY after Fed’s cut?
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...
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...
With Boris Johnson’s “do or die” commitment to leave the EU by the hard deadline of 31st October, a no-deal Brexit seems highly probable. Sterling could weaken across the board.
The divergence in monetary policy between ECB and RBNZ will widen as ECB is expected to set the stage for a September rate cut and resumption of QE. EUR/NZD could dive further.
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Fed is still expected to cut rates even though retail sales surpassed market expectations. Long NZD/USD?