Japanese Yen Became Worst Performer amidst Geopolitical and Trade Risks

Posted March 29th, 2018 by BrandenTuttle and filed in General News

The selloff of Japanese yen, despite risk-off sentiment, was the key driver of US dollar’s strength. The greenback climbed higher against major currencies and the DXY index was up +0.77% for the day. The worst performer was Japanese yen which slumped about -1.4% against US dollar. The yen’s appeal as the safe haven asset was overshadowed by renewed geopolitical tensions in the Asia Pacific region as China and North Korea held summit.

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Japanese Yen Became Worst Performer amidst Geopolitical and Trade Risks

Wall Street Declined as Led by Tech Shares. US Seeks to Impose Investment Barrier against China

Posted March 28th, 2018 by LeeDenker11938 and filed in General News

Financial markets fell as led by tech shares, after Facebook was downgraded by Bank of America Merrill Lynch. CEO Mark Zuckerberg would testify before the US Congress on the data privacy scandal. Facebook dropped -4.9%. Meanwhile, Twitter slumped 12% after Citron Research said it was short the stock while Nvidia was down -7.8% after the company suspended self-driving tests.

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Wall Street Declined as Led by Tech Shares. US Seeks to Impose Investment Barrier against China

Sentiment Improves as Trade Frictions Ease (For Now)

Posted March 27th, 2018 by DeboraNbz22 and filed in General News

Financial markets recovered as US-China trade tensions have shown signs of cooling. US Treasury Secretary Steven Mnuchin told Fox News that he’s cautiously hopeful that US and China would reach a deal to avoid tariffs. Yet, it was reported that China has made two filings to the WTO on the proposed steel and aluminum tariffs.

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Sentiment Improves as Trade Frictions Ease (For Now)

Markets Maintain Cautious Mode as US-China Trade Talks Proceed

Posted March 26th, 2018 by LethaU27uvlk and filed in General News

Financial markets begin the week with a cautious tone although, over the weekend, US Secretary of Treasury Mnuchin indicated that the country is “having very productive conversations with” China over trade issues. Equities in Asia Pacific remained under pressure. US dollar dropped with the DXY index currently trading at 89.36, down -0.08% at the time of writing this report.

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Markets Maintain Cautious Mode as US-China Trade Talks Proceed

Financial Markets Tumbled as Trump Intensified Trade Tariff on Chinese Goods

Posted March 23rd, 2018 by HeikeCarman1854 and filed in General News

Financial markets are in a risk-off mode as US President Donald Trump intensified its trade tariff policy against China. Wall Street slumped with the DJIA and S&P plunging -2.93% and -2.52% respectively. Facebook remained under pressure despite apology from Chief Executive Mark Zuckerberg on the data breach case. Shares in Asia Pacific region followed suit.

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Financial Markets Tumbled as Trump Intensified Trade Tariff on Chinese Goods

Financial Markets Tumbled as Trump Intensified Trade Tariff on Chinese Goods

Posted March 23rd, 2018 by Chiquita0960 and filed in General News

Financial markets are in a risk-off mode as US President Donald Trump intensified its trade tariff policy against China. Wall Street slumped with the DJIA and S&P plunging -2.93% and -2.52% respectively. Facebook remained under pressure despite apology from Chief Executive Mark Zuckerberg on the data breach case. Shares in Asia Pacific region followed suit.

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Financial Markets Tumbled as Trump Intensified Trade Tariff on Chinese Goods

FOMC Projects Two More Hikes This Year, Three More in 2019. BOE Next

Posted March 22nd, 2018 by Marco40H95815220 and filed in General News

While the +25 bps rate hike has been widely anticipated, the market appeared disappointed by the less-hawkish-than-expected dot plot accompanying the FOMC announcement. The median dot plot continues to project 3 rate hikes in 2018. Yet, there are now 7 members expecting more than 3 rate hikes this year, compared with 4 in December. The rate hike path has steepened for the years to come.

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FOMC Projects Two More Hikes This Year, Three More in 2019. BOE Next

All Eyes on FOMC’s Dot Plot. Transition Deal and Softer CPI Sent Mixed Message to BOE’s Policy Outlook

Posted March 21st, 2018 by JasmineRoby5 and filed in General News

The rally in oil prices lifted Wall Street. The positive sentiment is carried forward to Wednesday, with shares in Asia Pacific mainly higher. Wall Street gained with the DJIA and S&P 500 indices adding +0.47% and +0.15% respectively. Nasdaq gained +0.31% despite the selloff in tech shares, led by the -2.6% decline in Facebook shares on US Federal Trade Commission’s investigation of the company’s practice of using personal data.

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All Eyes on FOMC’s Dot Plot. Transition Deal and Softer CPI Sent Mixed Message to BOE’s Policy Outlook

UK and EU Surprisingly Agreed on Transition Deal

Posted March 20th, 2018 by RLTCamille and filed in General News

British pound outperformed other major currencies as UK and EU have reached a transition agreement which would last for 21 months until the end of December 2020. The deal would be ratified but the 27 EU members on Friday. GBPUSD erased previous loss and ended the day +0.67% higher. EURUSD also strengthened on hawkish news about ECB’s monetary policy outlook. US dollar was mixed and the DXY index ended the day -0.52% lower.

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UK and EU Surprisingly Agreed on Transition Deal

Market Cautiously Awaits FOMC Meeting

Posted March 19th, 2018 by JeffrySmartt and filed in General News

Stock markets firmed in Asian session, carrying forward Wall Street’s strength last Friday as a jump in oil prices lifted oil stocks. The firing of the US Secretary of State, Rex Tillerson has raised concerns about the outlook of the Iran nuclear deal. Renewed sanction over Iran might limit the country’s oil exports. It would also reduce oil investment in the resource-rich nation.

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Market Cautiously Awaits FOMC Meeting