The EU/UK trade talk stalemate is starting to weigh on the British Pound and next week’s talks between the two are becoming increasingly important for GBP-traders.
Blogs
US Dollar Eyes Trump Speech, Beware of Month-End Rebalancing
All eyes on President Trump’s press conference on China as tensions escalate. Beware of month-end rebalancing.
USD, JPY May Rise as US-China Tension Over Hong Kong Escalates
The anti-risk US Dollar and Japanese Yen may rise as tension between the US and China escalate over a thorny and familiar topic: Hong Kong.
USD/CAD Rate Snaps April Range Ahead of Canada GDP Report
Canada’s 1Q GDP report may undermine the recent decline in USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.
Crude Oil Prices May Fall on US-China Tension, Trump Speech Eyed
Crude oil prices may fall as risk appetite fizzles across global financial markets amid signs that tension between the US and China is heating up.
Australian Dollar May Wilt, Markets Await Trump China News Conference
The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a news conference on China later today. Until then, financial markets may remain in limbo.
Trader Focus Turns to US Response to China – 29 May 2020
During Asian trade on Friday, the US Dollar was penned within a narrow trading band as investors focus on the US President's response to China's recently passed national security law which will be in place for Hong Kong.
USD/CAD: Brief Short-Covering Rally to Precede Next Breakdown – 29 May 2020
Canadian companies are creating new jobs to comply with government-mandated Covid-19 protocols to allow a gradual resumption of economic activity.
GBP/CHF: Will Short-Term Resistance Zone Initiate Sell-Off? – 29 May 2020
An external member of the Bank of England’s Monetary Policy Committee, Michael Saunders, who voted for an unsuccessful expansion of the bond-buying program.