Asia Pacific Market Open – Canada CPI, Brexit Latest, Australian Dollar, Euro Canadian Dollar sinks on softer-than-expected inflation report ahead of BoC rate decision British Pound sees knee-jerk volatility as potential Brexit compromise creates a new issue Australian Dollar may gap lower given political uncertainty while Euro could turn lower We released our 4Q forecasts
Trading strategies: Trading news releases Trading a news release can be another useful tool to have in your trading inventory. However, there is a right way, and a wrong way to trade a news announcement. This article will aim to guide you how to recognise key news that can be traded, how to enter, where
Moody’s Ratings recently announced its decision to cut Italy’s rating to Baa3 while keeping the outlook stable. Key quotes (via Reuters) A key driver for downgrade of Italy’s ratings to Baa3 is a material weakening in Italy’s fiscal strength. Italy’s ratings downgrade also due to negative implications for medium-term growth of stalling of plans for
Cleveland Cliffs analyst loses his cool Cleveland Cliffs (formerly Cliffs Natural Resources) CEO  Lourenco Goncalves has a way with words. Luke Kawa from Bloomberg has been tracking his outburst on quarterly earnings calls for years but he took it to another level today, evidently because he was frustrated by the market reaction (-7%) to his
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
China’s annualized GDP reading for 2018’s third quarter came in worse than expected,  declining to 6.5% against the previous reading of 6.7%, missing the 6.6% projection. Key highlights This is the slowest pace of GDP growth for China since 2009’s first quarter, with the q/q figure coming in as-expected at 1.6%, versus the last reading
Analysts at Commerzbank explained that USD/CNY spiked to the weakest level since January 2017, reflecting the bearishness towards the economic and currency outlook.  Key Quotes: “As such, there is increasing speculation that the PBoC will not be able to defend the 7 hurdle in USD-CNY in the coming months. “ “We do see rising risks
Cable under heavy pressure Risk off markets are giving the US dollar and yen a major lift. GBP/USD is suffering as the S&P 500 falls 48 points to 2760, falling through the 200-day moving average. Cable just ticked below the Oct 6 and is at the worst levels since the start of the month. The
The index fades the initial optimism and eases to 95.50. Yields of the US 10-year note return above 3.21%, fresh peaks. US Initial Claims and Philly Fed index next of relevance in the docket. The greenback, in terms of the US Dollar Index (DXY), is now fading the initial spike to the vicinity of 95.80
US FOMC minutes reaffirmed Fed’s hiking bias, putting a bid under the US dollar. USD/CNH jumped to a one-week high of 6.9375, validating the bullish chart bias. Currently, the USD/CNH pair is trading at 6.9348, having clocked a seven-day high of 6.9375 earlier today. The bid tone around the greenback picked up a bid in