The Chinese yuan weakened on Tuesday after the US government announced new tariffs on tens of billions of dollars worth of Chinese goods. As expected, Beijing retaliated a day later, confirming its own import levies on American products. This is the latest development in the intensifying US-China trade war, causing mixed results: analysts are worried but markets have yet to be rattled. The White House confirmed on Monday that the US government … “Chinese Yuan Weakens on Latest US Tariffs, Markets Unfazed”
Author: admin_mm
Canadian Dollar Posts Gains As Investors Brace for Tense NAFTA Talks
The Canadian dollar, which enjoyed its biggest weekly gain since April last week, is posting modest gains on Monday as investors are bracing for a week of tense North American Free Trade Agreement (NAFTA) talks. Officials are being pressed to reach a deal, especially with Mexicoâs president-elect about to take office and the US holding midterm elections in November. Traders feel that the added pressure might lead to a conclusion, … “Canadian Dollar Posts Gains As Investors Brace for Tense NAFTA Talks”
What is Social Trading, its Benefits and Top Social Trading Platform
Investing in financial markets such as stocks, Forex and cryptocurrencies requires extensive knowledge and experience. You need to be up-to-date with news events affecting the business world, and also have the capability of reading charts, analytics reports and understand trends. If you lack this capacity, chances are you may lose your money in the market. … “What is Social Trading, its Benefits and Top Social Trading Platform”
Euro Trades Higher on Positive Inflation Data Amid Weak US Data
The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations. The EUR/USD currency pair today rallied from a low … “Euro Trades Higher on Positive Inflation Data Amid Weak US Data”
GBP/USD Buying opportunity? Brexit could become favorable after the Tory Conference
PM May is toughening her position ahead of key events. It may preempt a total surrender after the Conservative Party Conference in Birmingham. The GBP/USD may fall on the headlines now but could soar if things improve afterward. UK Prime Minister Theresa May said that “it’s either my deal or no deal.” Despite a lack … “GBP/USD Buying opportunity? Brexit could become favorable after the Tory Conference”
TigerWit launches blockchain-based trading app and partners with Liverpool FC
TigerWit Limited, a UK-headquartered global financial technology company, today launched its blockchain-based trading app and announced a partnership with Liverpool FC. As the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ the sponsorship agreement provides TigerWit with a high-profile opportunity to increase its brand recognition. This visibility should drive downloads of its innovative new trading … “TigerWit launches blockchain-based trading app and partners with Liverpool FC”
The Future of NAFTA – Will Trump Make North America Great Again?
NAFTA, the tripartite North American Free Trade Agreement between Canada, Mexico, and the United States, is in the process of a significant overhaul. On the heels of a deal between the US and Mexico, US and Canadian officials are negotiating their own deal to complete the NAFTA agreement. But with recent acrimony between Ottawa and … “The Future of NAFTA – Will Trump Make North America Great Again?”
US Dollar Ends Week Broadly Lower
The US dollar ended the week broadly weaker against its most-traded rivals as the positive market sentiment and disappointing macroeconomic data made the currency less attractive to investors. Signs that the United States and China are going to resume trade negotiations sparked optimism among Forex traders, limiting their demand for safer currencies, like the greenback. Disappointing prints for both producer and consumer inflation hammered the dollar further. The currency bounced by Friday, … “US Dollar Ends Week Broadly Lower”
Canadian Dollar Poised for Biggest Weekly Gain Since April
The Canadian dollar weakened on Friday, but the loonie is still on track for its biggest weekly gain in about five months. The currency recorded gains on surging oil prices, but they were capped on reports that the US and Mexico might exclude Canada from a trade deal, especially with the month-end deadline on the horizon. Earlier this week, it was reported that the US and Mexico want to reach a trade deal by October … “Canadian Dollar Poised for Biggest Weekly Gain Since April”
Bitcoin bounces back ahead of Direxion’s ETF decision
The BTC/USD had an exciting week, recovering nicely and making a nice U-turn. Interest from Morgan Stanley pushed prices higher and so did Mike Novogratz’s comments. The technical picture is mixed for the digital coin. The price of Bitcoin made an impressive recovery, advancing from enjoying a bounce of over $400 and topping $6,500. Morgan Stanley is … “Bitcoin bounces back ahead of Direxion’s ETF decision”