South Korean Trade Ministry Director crossed the wires in early trades, urging Japan to hold talks to discuss export control system.
Expresses regret over repeated claims in Japan that are different from the truth.
We have yet to receive a response from Japan regarding our request for another meeting.
Note: Reprinted from FXStreet , th...
Risk appetite is waning as earnings season picks up and as political posturing between the Chinese and Americans see no substantial progress on the trade front. US stocks have been unable to extend the record rally despite a relatively good start to earnings season that has seen a majority of companies deliver earnings beats. A mixed picture from transport...
Dovish comments from the Fed’s Williams helped US indices rebound from early losses, with solid economic data also helping. The US shot down an Iranian drone in the Straits of Hormuz while UK parliament voted for a Brexit amendment that would make it more difficult for the PM to force through a no-deal Brexit.
US30USD Daily Chart
Source: OANDA fxTrade
SP500 Technical Analysis S&P500 Elliott Wave Analysis: Wave (b) of iv) is completed and Wave (c) of iv) is in progress. Peter Mathers - tradinglounge.com
Note: Reprinted from FXStreet , the copyright belongs to the original author, if there is infringement, please contact us to delete....
Market Review - 19/07/2019 00:36GMT
Dollar tumbles in thin summer trading as dovish Fed Williams' comments catch market off guard Although the greenback traded relatively narrowly in summer lull in Asia and European session on Thursday, dovish remarks by New York Fed President John Williams rattled subdued New York afternoon trading and sent dollar tumbli...
Gold's daily chart shows a pennant breakout.
Prices will likely bounce from key support at $1,439, reinforcing the bull view.
Gold is currently trading at $1,443 per Oz, having hit a fresh 2019 high of $1,452.
The yellow metal is trimming gains, possibly due to overbought conditions reported by the hourly and 4-hour chart indicators and the pullback could b...
Asian stocks are flashing green after gains on Wall Street.
Traders have increased bets that the Fed could cut deeper this month.
Asian stocks are solidly bid this Friday on the rising odds of aggressive rate cuts by the US Federal Reserve (Fed).
As of writing, Japan's Nikkei is up 1.65% or 365 points and the Shanghai Composite is adding 1.12% or 32 point...
Chinese leaders are holding very private meetings, as they do each summer
In the northern Chinese resort town of Beidaihe
on the Yellow Sea about 125 miles from Beijing
The agenda, guest list and exact dates are not made public.
Xi and other state leaders are expected in early August
Discussion is likely to centre on the economy, the US trade war, unrest ...
According to the latest Reuters poll, the odds of a no-deal Brexit outcome is at the highest since October 2017, UK Prime Minister (PM) front-runner and Brexit hardliner Boris Johnson looks set to take over the position next week.
Chances of disorderly UK exit from European Union (EU) now 30% (highest since Oct 2017, June poll: 25%)
EU-UK free ...
Tuuli Koivu, analyst at Nordea Markets, suggests that given the weak economic outlook, low core inflation and inflation expectations for Euro area, more stimulus is in the pipeline from the ECB.
“Long rates set to fall ahead of QE. Lower for longer weighs on 5y rates. Despite TLTRO&QE, relative liquidity points to higher EURUSD.”
“The ECB has ...
The Australian stock market is rising on Friday following the positive cues overnight from Wall Street amid growing optimism about a near-term interest rate cut by the U.S. Federal Reserve. Gold miners and banks are among the major gainers.
The benchmark S&P/ASX 200 Index is adding 28.90 points or 0.43 percent to 6,678.00, while the broader All Ordinarie...
The Hong Kong stock market has tracked lower in back-to-back sessions, surrendering more than 150 points or 0.6 percent along the way. The Hang Seng Index now rests just above the 28,460-point plateau although it may regain its footing on Friday.
The global forecast for the Asian markets is mildly positive on an improved outlook for interest rates. The Europ...
FTSE, dollar higher in early trade
The markets are now rife with expectations that the Fed will imminently cut interest rates to the point that any comment from the Fed’s central bankers is being filtered that way, irrespective if it was really meant in this context. This is what happened with a sid...
The Israeli authorities have charged Eliyahu Gigi, a 31-year old Tel Aviv resident, for stealing over 6.1 million NIS (around $1.7 million) in several cryptocurrencies.
Gigi and his 21-year old brother were arrested last month by the Israeli police under the suspicion of stealing cryptocurrency through a phishing scheme, Finance Magnates r...
Brent has recovered from one-month lows.
The corrective bounce could be extended further to key MA at $63.80
Brent oil's recovery from the one-month low off $61.32 could be extended further to key resistance at $63.80 on the hourly chart.
Sings of seller exhaustion have emerged on the 4-hour chart in the form of oversold readings on the relative strength in...