Treasury Secretary Steven Mnuchin sounded a positive note on Friday as U.S.-China trade talks drew to a close in Beijing, as both sides tried to reach a deal that would avert a tariff increase on Chinese goods by March 1. “Productive meetings with China’s Vice Premier Liu He and @USTradeRep…

Experiencing a long bearish movement after the UK PM Theresa May’s government suffered yet another blow when the British Parliament rejected the revised Brexit deal on Thursday, Pound bounces back forming a new low near 141.00 region as a result of positive UK monthly retail sales growth which is estimated…

WTI/USD supports the expected bullish wave, noting that breaking 54.50 followed by 53.70 levels will put the price under negative pressure to test 51.46 areas before any new positive attempt. The expected trading range for today is between 54.00 support and 57.46 resistance. Long position above 54.20 with targets at…

US Initial Weekly Jobless Claims is increased 4000 today from Last Week 239000. The number of individuals who are unemployed and are currently receiving unemployment benefits for the month of February is released as 1.773M from 1.736M .The Producer Price Index released by U.S Bureau of Labor Statistics for final…

U.S. futures rose on Thursday, as investor sentiment improved on news that U.S. President Donald Trump is considering extending a deadline for fresh tariffs on Chinese imports.Trump could extend the March 1 deadline, when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25% from…

The Gross Domestic Product released by the Statistical Office of the Slovak Republic is a measure of the total value of all goods and services produced by the Slovak Republic. The GDP is considered as a broad measure of Slovakian economic activity and health.The GDP of Slovakia is released as…

Gold futures are edging higher post US CPI. The pair is en-route forming new high after the reversal at 0.50% Fibonacci level at 1303.60 which is trapped between the recent support and resistance at 1277.60- 1327.30. However, with the greenback struggling to preserve its bullish momentum in the last hour,…

The Consumer Price Index (CPI) released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key…

After experiencing poor employment rate last week, NZDUSD bears gained strength breaking the short term trendline at 0.68700 and falling till January end low at 0.67000. RBNZ Monetary Policy Statement is released early this morning. The Reserve Bank of Zealand (RBNZ) is been holding the OCR at 1.75% since November…

I shorted EUR/USD on a break of rising lows to play my fundamental bias of favoring the Greenback of the euro as I expected weaker economic data to come out of Europe for the time being. I initially started with 0.50% risk with the intention of getting up to my…