0.0 00 The AUD/USD Forex market had a short lived spike higher following upbeat Australian retail sales data crossed the wires. The Australian dollar then sold off, 15 minutes later, after weaker than expected Chinese PMI …
Read More »The Chinese Caixin PMI sinks the Australian Dollar
0.0 00 The Australian dollar, or AUD/USD forex market sank this morning. The Aussie dollar actually fell against all of its major G-20 trade partner after a weaker than expected Chinese private Caixin manufacturing PMI reading …
Read More »Treasury Yields move higher as Data comes into Focus
0.0 00 On Tuesday, US government debt prices moved higher and treasury yields lower. Investors got a fresh batch of economic data to mull over. The yield on the benchmark 10 year Treasury note, which moves …
Read More »Decent Chinese PMI supports the Aussie Dollar
0.0 00 This morning, the Australian dollar moved higher against the US dollar and its major G-20 counterparts. This move comes after better than expected Chinese purchasing managers’ index (PMI) data. Please recall that with this …
Read More »Geopolitics seen dragging Europe Lower Today
0.0 00 Geopolitical concerns are weighing on investor sentiment this morning as Europe is getting ready to ring the bell in a couple of hours. Investors are focusing on European politics as well as overseas concerns …
Read More »The Australian Dollar ignores solid Housing Data
0.0 00 This morning, the Australian dollar (AUD/USD) ignored better than expected housing data out f the construction sector. The economic data release, showed that building approvals rose 4.4 percent, monthly, in April. This was stronger …
Read More »Japanese Retail Sales beat Estimates
0.0 00 The Japanese yen (USD/JPY) ignored mixed data out of the island nation, as traders were hit with a plethora of data. The Japanese yen did gain a tad after retail sales beat expectations, before …
Read More »European Markets to Open Higher as the UK is Closed
0.0 00 European markets are expected to open flat this morning. Financial markets in the United Kingdom are closed for the spring bank holiday and markets in the United States are also closed for Memorial Day. …
Read More »Australian Dollar vulnerable to weak Chinese PMIs
0.0 00 Last week, Moody’s Rating Service unexpectedly slashed the credit rating of China as it is growing uncomfortable about their cash reserves and slow down. This will be a test of how close the Australian …
Read More »Crude Oil on the defensive after the OPEC Decision
0.0 00 The global crude oil markets remained on the defensive after shedding nearly five percent during North American trade hours. OPEC and key non-member oil producing nations, extended output cuts but disappointed on longer or …
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