Trade War Articles
Tech Shares Recover Slightly and Vaccine Failure? – US Trading Session
US equity bourses stage a slight recovery following a short period of heavy selling AstraZeneca vaccine trails have been abruptly paused amid a concerning reaction from a UK test patient WTI crude oil has managed to stay above $36 support
Markets Enter August With Risk Appetite – US Trading Session Update
The dollar index has staged a retracement , up +0.41%. This is likely a technical correction supplemented with positive manufacturing data after weeks of heavy selling. According to ING, the 94.50 level will be a difficult level for the index to clear.
Virus Concerns Back In Focus, Coupled With U.S. Election Risks
Essential Market Insights U.S. stock futures fluctuated amid concern that a rising number of coronavirus cases will hinder global economic recovery attempts Florida, Texas and California post record death figures China’s Foreign Ministry says China will impose reciprocal measures if the US insists on moving forward with sanctions on Chinese…
US DOLLAR TO EXPLODE HIGHER ?
The US dollar remained firm at elevated levels during the Asian trading session following a correction lower for risk assets yesterday. The S&P 500 index slipped 2.6%, as the conditions for risk assets dampened, reflected a strong risk-off tone. Risk assets will find it difficult to gain firm footing as…
GBP/USD – Short Trade Idea. Price Action Defying Fundamentals
1-Hour Chart – GBP/USD 26/05/2020 18:30pm Essential Insights GBP/USD rallied sharply towards the upside on USD weakness Fundamentals still weight heavy on pricesMarket may be overly optimistic on reopening of economies Technical Prices rallied over 100 pips to 1.23600 before retreating. This move comes as the dollar index fell sharply…
EUR/USD – A level to must watch
4 Hour Chart – EUR/USD 21/05/2020 14:00pm Essential Insights Increased Risk Appetite US-China Tensions IncreasingEuro Underpinned By Stronger Dollar Technical EUR/USD is at a major technical decision zone, at around 1.09870. Prior price action shows a fall below this level, tends to see this pair moving down to around 1.08150.…
The Japanese Yen Broke the 107.90 Mark After Testing It for More Than One Month
The Gopher managed to break the monthly support and entered the negative territory. The Greenback is under pressure amid the US-China high tension. The US ISM Services PMI came out higher than expected on Tuesday