myforexsystem.info

Forex binary option trade forex binary option

Tag: Market Pulse

Dollar steady as China trade data looms

The US dollar had a bit of a rollercoaster ride yesterday as weakness in the Asian session was reversed in the US session and the greenback finished almost where it started the day. PBOC’s “verbal intervention” to stabilize the yuan helped cap the dollar’s strength. PBOC warns don’t follow the herd In a meeting with […]

Aussie moves higher as RBA holds rates at record low

AUD/USD breaks above 0.7400 The RBA held rates steady for the 21st time, a move that had been unanimously expected, keeping them at record lows as it targets sustainable growth and achieving the inflation target over time. The Bank’s growth forecast for the economy remains unchanged, seeing GDP growth averaging slightly more than 3% in […]

Commodities Weekly: Oil prices firmer as Iran sanctions set to kick in

Oil prices are edging higher on supply concerns involving both Saudi Arabia and Iran while hot, dry weather across the northern hemisphere is having an effect on anticipated harvests in the agricultural sector and also increasing expected demand for energy as the world tries to keep cool. However, ongoing trade tariff wars continue to be […]

China’s yuan extends gains after PBOC measures on Friday

Costs to go short yuan increase News late Friday that the PBOC was imposing a reserve requirement of 20% on some trading of foreign-exchange forwards, effective today, saw the Chinese currency rally strongly versus the US dollar, and the yuan continued this trend during today’s Asian session. The introduction of new measures effectively makes it […]

US Dollar Takes NFP Hit But Ends Up Higher on the Week

The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent. The greenback is still higher against most majors on a weekly basis. The past five […]

OANDA Market Insights podcast (episode 26)

OANDA Senior Market Analyst Craig Erlam and Head of Trading Asia Steve Innes review the week’s business and market news with Jazz FM Business Breakfast presenter Nick Howard. This week’s big stories: rate hike from the Bank of England, Apple market cap hits $1 trillion, China moves to shore up the yuan, and US job […]

The PBoC giveth the PBoC taketh

The PBoC giveth the Pboc taketh The  PBoC adjusts the Reserve Requirement( RR)  on FX Forwards trading from 0% (nil) to 20%  but recall in Sept 2017 the RR was pulled when the Yuan was too strong this time around the rule is back in place in a move seen as effort to restrict dollar […]

AUD/USD edges higher as retail sales beat estimate

Aussie edges higher as retail sales beat estimate AUD/USD is trading marginally up on the day after Australia’s retail sales came in higher than expected in June. Sales rose 0.4% m/m, matching the expansion seen in May and higher than the +0.3% economists had predicted. With June data now available, the summary for the second […]

Dollar Awaits Jobs Report Amid Trade Uncertainty

The US dollar is higher against major pairs on Thursday in anticipation of a strong U.S. non farm payrolls (NFP). The U.S. Federal Reserve kept rates unchanged on Wednesday and without a press conference there was little guidance for the markets who will have to wait until the minutes from the Federal Open Market Committee […]

Dumping Risk or panic attack?

Dumping Risk or panic attack? Risk sentiment has gone in the tank on the continued rhetoric around Trump’s scheme to raise China tariffs to 25% instead of 10% with China claiming they will retaliate. Global equities have buckled while commodities like copper, oil and soybeans are feeling the pinch from escalating tensions. Oil Markets Oil […]