Filtered by date: 08.08.2019. Clear
  • Upbeat China exports could hide growing “transshipment” goods flow

    Surprising uptick in Chinese foreign trade data for July showed that exporters are able to satisfactorily solve the problem of diversifying sources of foreign demand (or implement workarounds) as direct trade with the main partner – United States – continues to sag under the tariff burden.

  • Trump Attacks The Fed Over Monetary Policy

    While tensions between the US and China have increased dramatically over the last week, it seems that president Trump is placing his focus a little closer to home. Trump has once again been highly vocal in criticising the Fed, which he believes should be easing monetary policy at a higher rate. Trump Tweets Again Using […]

  • The Crude Oil Chronicles – Episode 2

    The latest EIA report, released yesterday, was particularly disappointing for US crude bulls. On the back of seven consecutive weeks of inventory drawdowns and following a report earlier in the week from the API, which suggested an 8th consecutive week, the EIA reported a surplus in its latest report. The Energy Information Administration report, covering […]

  • Brexit: Will EU Back Down Over Irish Backstop Issue?

    Trick or Treat? With the October 31st Brexit deadline looming larger on the horizon each day, the likelihood of a no deal Brexit is starting to ratchet up. New UK Prime Minister Boris Johnson has vowed to “do or die” taking the UK out of the EU on the deadline date under “any circumstances”. While […]

  • XAUUSD bounced from support, potential for a further rise!

    XAUUSD bounced off its support at 1450.16 where it could potentially rise further to 1509.21. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • DXY approaching support, potential for a bounce!

    DXY is expected to drop to 1st support at 97.87 where it could potentially react off and up to 1st resistance at 97.20. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDCHF reversed from resistance, potential drop!

    USDCHF reversed off its resistance at 0.98071 where it could potentially drop further to 0.96916. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDJPY reversed from resistance, potential drop!

    USDJPY reversed off its resistance at 107.249 where it could potentially drop further to 105.830. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    USDCHF reacted off resistance perfectly, dropping to our support target.

  • Gold and Ruble Reach Interesting Levels: What’s Next?

    Today we discuss the current status and potential future of Russian ruble, gold and Australian currency.