Category Archives: FX News

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Forex today: big volatility in sterling, dollar underpinned by Powell’s testimony, yen losing safe haven status

By | July 18, 2018

Forex today was mostly about the pound and Fed Chair Powell’s upbeat testimony which supported the US dollar index that ended the day up 0.5% on the day.  While Powell reiterated that, “for now – the best way forward is to keep gradually raising the federal funds rate,” ‘gradual hikes’ was the main takeaway which… Read More »

AUD/USD Technical Analysis: Aussie back on the defensive against the Greenback

By | July 17, 2018

Aussie flubbed Tuesday as the Greenback rebounded against broader markets on a hawkish showing from Fed chair Powell. Wednesday sees little action on the Aussie calendar, AUD/USD to be driven by market sentiment which currently leans Dollar-positive. A break into recent lows will see a fresh challenge of the year’s bottom near 0.7310. AUD/USD Chart,… Read More »

AUD/USD faces a number of downside risks – AmpGFX

By | July 17, 2018

Greg Gibbs, Founder, Analyst, & PM at Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that AUD faces a number of downside risks. Key Quotes: “These include a weakening housing market, a persistent jump in Australian bank funding costs, tightening credit conditions for Australian borrowers, tightening shadow-finance in China, a slowing Chinese… Read More »

Trump defense chief open to talks with Russian counterpart – Reuters

By | July 17, 2018

According to reporting by Reuters, US Defense Secretary James Mattis is open to holding talks with Russian Defense Minister Sergei Shoigu, a move that hasn’t been made since 2015. Key quotes “The possibility of talks surfaced after Monday’s controversial summit in Helsinki between U.S. President Donald Trump and Russian President Vladimir Putin, in which they… Read More »

US planning Uranium probe in search of tariffs – Bloomberg

By | July 17, 2018

According to reporting by Bloomberg, the Trump administration is planning to begin an investigation into uranium imports which could lead to further border tariffs on national security grounds. Key quotes “U.S. uranium producers Energy Fuels Inc. and Ur-Energy Inc. filed a petition in January asking the Commerce Department to investigate the matter under Section 232 of… Read More »