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USD/JPY Technical Analysis: USD/JPY Pair Falls as Trade War Kicks Off

On Thursday last week, the United States president announced that the US would officially start imposing tariffs on a number of Chinese goods valued at more than $50 billion. On Friday, China responded with its own list of tariffs which included the important crude oil and natural gas. Yesterday, the US president announced that the […]

Uncertainty in Oil Markets as China Threatens to Impose Tariffs on American Oil

For decades, Trump has been vocal on trade issues. In the 80s, he argued that the United States was being taken advantage of by its allies and enemies. Specifically, he was always vocal about Europe and how it treats American companies. He was also vocal about South Korea and Japan, some of the biggest American […]

Brent Technical Analysis: As OPEC Meets, Brent Could Rise to $74

Crude oil has been one of the best performing assets this year. This year, Brent crude has gained almost 10% while WTI has gained 6%. In the past few weeks, crude oil has fallen from the recent highs as concerns of overproduction have increased. Today, Brent and WTI have reached $73 and $64 respectively. This […]

Euro Drops as ECB Extends Quantitative Easing Program

Early today, the Australia Bureau of Statistics (ABS) released the employment numbers for the month of May. The unemployment rate in the country fell to 5.4%, which is the lowest level since 2012. The employment change and participation rate during the month disappointed. 12K people were employed in the month, which was lower than the […]

Key Takeaways From the Fed Meeting

Yesterday, the Fed officials released their June interest rate decision. As expected, the officials raised rates by a quarter point. This was the second interest rate hike this year. The officials also increased their median forecast of the number of rate hikes we can expect this year to four. 8 of the officials voted to […]

UK CPI Remains Unchanged as PPI Rises to Highest Level Since 2016

The rate of inflation is one of the most important measures central banks from around the world look at. This is because a rising rate of inflation – at a time when wages are not rising – would lead to more suffering among the people. They would struggle to pay for basic needs like food […]

Germany Business Sentiment Falls to Lowest Level Since 2012

Today, the biggest news among the trading community was on the US-North Korean summit, which ended successfully. As such, the global financial markets are up, with the dollar index remaining largely unchanged. In addition to the good news from Singapore, traders are focusing on the Brexit issue, UK employment numbers, EU business sentiment, and the […]

Dollar and Stocks Futures Jump as Trump Meets With Kim Jong Un

Early this morning, Donald Trump and Kim Jong Un met for the first time. This was the first meeting between the leaders of the two countries in history. The meeting capped many months of increased preparations and tensions between the two countries. At the end of their meeting, the two leaders signed a document, which […]

Weekend Review: Donald Trump Disrupts the G7 Meeting Ahead of NoKo Meeting

The G7 meeting, held in Quebec was the focus among investors this past weekend. It was always expected to be a contentious meeting especially after Donald Trump announced his plans to place tariffs on steel and aluminum on the countries. Before the meeting, there was a concern that the president would not even attend it. […]

Weekly Review: Uncertainty Ahead of the G7 Meeting

Trade was a major point of discussion this week as the leaders of the world’s 7 largest economies meet in Quebec, Canada. Recently, the United States announced that it would impose tariffs on imported steel and aluminum on Canadian, Mexican, Japanese, and European Union steel and aluminum. This led to retaliatory tariffs from these countries […]