EURUSD Archives - Page 3 of 4 - The Industry Spread

European Markets Painted in Red on Caution Ahead of ECB Update

March 8, 2019

Given recent mixed price activity in equity market, investor sentiment had taken a dovish tone and caution ahead of today’s ECB interest rate update led to further risk averse trading activity resulting in forex and equities being painted in red.

Australia’s Economy Slowed Sharply in second half of 2018, AUDUSD Down to Two-Month Lows

March 6, 2019

Asian indices finished mostly higher today following a mute session yesterday with Chinese stocks rising sharply since January, reversing much of the underperformance against other Asian indices over the last year. With trade negotiations frontier quiet, traders have to evaluate the more positive stimulus talks from China and continuing poor economic data globally to derive next trading moves.

Pound targets 1.33 on Brexit Optimism

February 27, 2019

Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index added 0.42 percent to 2,953, the Nikkei 225 in Tokyo rose 0.50 percent to 21,556, while Australian equities have recovered some of yesterday’s losses with the ASX 200 adding 22 points or 0.36 percent to 6150.

Global Growth Worries Send Asian Stocks Lower

January 22, 2019

Asian indices dropped Tuesday as global growth worries are on the headlines again. Japan’s Nikkei225 index shed 0.5%, while Hong Kong’s Hang Seng lost 0.9% and Shanghai Composite index fell 0.7%, Australian stocks have snapped a five session winning streak with the ASX 200 declining by 32 points or 0.5% to 5859. The Aussie dollar has also fallen to its lowest levels in a fortnight as it eased throughout the local session. Australian 10-year bond yields fell one basis point to 2.30%. Ten-year Treasury yields lost 3 basis points to 2.75%.

EURUSD gains momentum on Positive Italian Crisis Headlines

December 19, 2018

Italy is on the spot today, as the European Commission vice president, Valdis Dombrovskis, addressing the press conference on Italy budget talks, confirmed that the Commission has reached a deal with Italian government on budget.

US Dollar Weaker Across the Board Following Sino-U.S. Trade Truce

December 17, 2018

US Dollar is underbid significantly as risk appetite increased in equity and forex markets following headlines that indicated China & U.S. were able to come to an understanding during the sideline talks in G20 summit which resulted in both parties agreeing to temporary ceasefire for next 90 days while they begin negotiations a new and come to a deal.