The monumental recovery in crude oil prices has started to stall with OPEC+ gearing up to increase production as global GDP growth rebounds, but the risk of abating demand looms.
British Pound Forecast: GBP/USD May Fall Amid Renewed 'No Deal' Brexit Fears
The fundamental outlook for the British Pound looks relatively bleak amid renewed ‘no deal’ Brexit concerns and escalating UK-China tensions.
Tuesday is the TradeOn Summit. It’s time to sign up
Grab your spot now
We’re hosting our first ever live and online event on Tuesday, July 28. The is fantastic and I’ve got some all new insight paired with some trade ideas.
We’re hosting our first ever live and online event on Tuesday, July 28. The is fantastic and I’ve got some all new insight paired with some trade ideas.
JPM says to sell USD/CHF ahead of the FX manipulation report
Another reason to sell the US dollar
There is no set date for the Treasury’s FX manipulation report but it is due out soon and analysts at JPMorgan says it may contain a message for the Swiss.
There is no set date for the Treasury’s FX manipulation report but it is due out soon and analysts at JPMorgan says it may contain a message for the Swiss.
Hanna upgraded to hurricane – approaching the coast of Texas
Hanna was upgraded from a tropical storm to a hurricane on Saturday by the US National Hurricane Center.
The most recent update has it pushing west from the Gulf towards the Texas coast
The most recent update has it pushing west from the Gulf towards the Texas coast
Sell USD/JPY this week – MUFG
Trade of the week from Mitsubishi UFG
Analysts at MUFG recommend selling USD/JPY at spot with a target of 1036.80 and a stop at 107.60.
„The USD/JPY rate has fallen sharply today and we see scope for that extending over the coming weeks,“ they wrote on Friday. „The FOMC meeting next week is also likely to be
Analysts at MUFG recommend selling USD/JPY at spot with a target of 1036.80 and a stop at 107.60.
„The USD/JPY rate has fallen sharply today and we see scope for that extending over the coming weeks,“ they wrote on Friday. „The FOMC meeting next week is also likely to be
US coronavirus case count is second-highest on record
The latest virus news
Overall, the US continues to report a slowing in case growth at a high level. The next few weeks before schools return are a critical time to get new infections dramatically lower.
Overall, the US continues to report a slowing in case growth at a high level. The next few weeks before schools return are a critical time to get new infections dramatically lower.