Australian Dollar
The AUDUSD has reached a bit of an impasse as a result of last week’s tumble which now raises the question of what is next on the agenda. Consequently, it may be worth taking a look at what brought the pair to where it is now and what might...
US Dollar Japanese Yen
The past week has been highly negative for the USDJPY as s sentiment swing, against the U.S. Dollar, has been in progress following some upset expectations around potential Fed rate hikes. Subsequently, the pair has plumbed new depths as a determined depreciation has sent the pair reeling towards the 1.10...
US Dollar
The dollar fell across the board and gold rallied as risk aversion in the markets increased demand for safe haven assets after news that the US House of Representatives failed to pass legislation that would reform the American healthcare system. Repealing and replacing Obamacare was one of Trump’s major election...
Stock Exchange - FTSE 100 Index
Lack of appetite in mining and energy stocks combined to stronger pound weighed on the FTSE stocks (-0.89%) at the weekly open in London. The FTSE 100 broke the 50-day moving average (7275p) on the downside. The acceleration in the sell-off could encourage a deeper correction to 7225p (minor...
Theresa May
The dollar weakens as Trump faces another setback which has pulled the investor sentiment lower while Theresa May comes under the spotlight as she files for Brexit We often hear the term, “the good, the bad, and the ugly.” However, the markets are only receiving two of those choices today...
Stocks Trader
U.S. equities suffered their worst weekly performance since the U.S. election back in November. The S&P 500 declined 1.44%, the Dow Jones industrial average lost 318 points, and the heavy tech Nasdaq index fell 1.22%. The fall in equities was largely attributed to the failure of Trump’s first test when...
Donald Trump
The decline in US stocks last week was the biggest one week decline since last year’s US election, and it surely reflects some concern that the optimism about President Trump’s various programs for reform may well have been somewhat misplaced. President Trump is already having to row back on his...
Haruhiko Kuroda
Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now as inflation remains far from its 2 percent target. Kuroda also dismissed financial market concerns that at some point in the future the BOJ will lose its ability to...
Stock Exchange - FTSE 100 Index
The FTSE 100 stocks stand strong against the pound appreciation. The FTSE index held the ground above the 7300p level on Thursday’s session and opened mixed on Friday. Improved global risk appetite could encourage a recovery toward 7360p, the 200-day moving average, before the weekly closing bell. Support is...
Japanese Yen
The dollar was slightly higher in Friday’s Asian session, halting a nine-day slide against the yen, as US Treasury yields rose. Markets received some clarity on the US House of Representatives vote on the new healthcare bill that would repeal and replace Obamacare. The vote that was due on Thursday...