Category Archives: Trading Tips

Euro Fights for Traction – 17 February 2020

Though higher currently, the Euro held close to a 3-year trough during the Monday trading session in London on investor concerns about slowing regional growth. Given the quiet on the economic calendar for the day, FX traders will be looking

Japan’s Gross Domestic Product Contracted in the Fourth Quarter – 17 February 2020

According to data released by the Japanese government, the Japanese GDP contracted at its faster pace in six years. The Japanese gross domestic product went down by 6.3 percent in the last quarter of 2019, the biggest contraction since the

Chinese Stimulus Measures Boost Optimism, Markets – 17 February 2020

China’s central bank cut interest rates on medium term loans on Monday, an effort to offer support to businesses whose activity has been disrupted or halted completely by coronavirus contagion concerns. The announcement sent Chinese benchmarks higher, where they hovered

Coronavirus Fears Whet Yen Appetite – 14 February 2020

The Japanese Yen was able to keep earlier gains versus the greenback during Asian trade on Friday on growing concerns over the spread of the Coronavirus. Riskier assets were weighed down by those worries, as well, and dismal data from

Safe Havens Jump on Spike in Coronavirus Death Toll – 13 February 2020

Gold futures have been declining steadily in recent sessions, but they finally ticket higher on Thursday after reports out of the Hubei province in China showed a dramatic spike in the death toll due to the coronavirus. 242 people died

Virus Reports Increase Safe Haven Demand – 13 February 2020

Safe haven demand has increased significantly after a sharp increase in Coronavirus cases was reported. A new diagnostic methodology indicated that there are nearly 15,000 new cases reported today, up from the 1,638 reported on Tuesday. Higher risk assets, especially

Mnuchin: Tax Cuts Paying Over a 10-year Period – 13 February 2020

The U.S. Trade Secretary Steven Mnuchin insisted that Trump’s tax cuts will pay for themselves over a 10-year period, even considering that the near-term deficit is expected to reach the 1 trillion level. “Our analysis has always been higher than

Powell Says U.S. Economy is in a “Good Place” – 12 February 2020

In his first day of his two-day testimony before Congress, Federal Reserve Chairman Jerome Powell told U.S. lawmakers that the U.S. economy is in a “good place”. Powell’s comments were well-placed despite persistent global economic uncertainty – the U.S. economy

Dollar Stoked by Hopes of Virus Containment – 12 February 2020

The US Dollar was broadly higher on Wednesday as hopes that the coronavirus threat is subsiding. In China, though more than 2,000 new cases were confirmed yesterday, the daily rise was at its lowest level since January 30th, giving hope

Despite Mixed Data GDP Rises – 11 February 2020

The Pound Sterling remains near to 2020 lows as FX traders ponder the possible outcomes of the UK-EU trade relationship once the transition period has expired. Earlier today, the release of a mixed bag of data from the UK, which