GBPUSD continues to lose ground this week. In the North American session, the pair is trading at 1.2917, down 0.32% on the day. On the release front, the U.K. released key employment numbers. Wage growth slowed to 3.2% in March, down from 3.5% a month earlier. This missed the estimate…

(Reuters) - China's offshore yuan hit a fresh 2019 low early in Asia on Tuesday and the safe-haven yen remained supported as a fresh escalation in Sino-U.S. trade tensions hit sentiment, with each country raising tariffs on the other's goods. U.S. President Donald Trump said on Monday he would meet…

USDJPY it has reached 109.10 and right now is trading to return to 109.55. Possibly, today the pair may fall to reach 108.96 and then form one more ascending structure with the target at 109.60. Later, the market may resume trading inside the downtrend towards 107.50. Today, DLR's cross-inspired fall…

This morning, speaking to reporters in Beijing, Foreign Ministry Spokesman Geng Shuang said: ‘China will never surrender to external pressure. We have the confidence and ability to protect out lawful and legitimate rights.’ However, it is not clear how China will respond to US President Donald Trump’s tariff hikes. The…

AUDCHF started off the week with a bearish move as the Australian dollar experienced a worst than expected Home Loans as -2.5% vs 0.4%. The pair is currently falling below the March 25th Low at 0.70602. Breaking the strong support at 0.70200 might extend its downward pull targeting the next…

EURUSD pair formed strong support near the 1.1175 and 1.1180 levels. As a result, there was an upside break above the 1.1215 resistance, plus the 50% Fib retracement level of the major drop from the 1.1264 high to 1.1135 low. Pair settled above the 1.1200 level and the 100 simple…

USDCAD started of the last day of the week with a bearish move breaking the hourly trendline and retest back at 1.34700 region. The most expected economics for the day is finally released which made the pair to drop around 60 pips.The monthly inflation report published by the U.S. Bureau…

Investing.com - Here are the top five things you need to know in financial markets on Friday, May 10: 1. Tariffs take effect The increase in U.S. tariffs to 25% from the previous 10% on $200 billion of Chinese goods went into effect at midnight (officially 4:01 GMT) Friday. China…

President Trump escalated his trade war with China on Friday morning, raising tariffs on $200 billion worth of Chinese goods and taking steps to tax nearly all of China’s imports as punishment for what he said was Beijing’s attempt to “renegotiate” a trade deal. Mr. Trump’s decision to proceed with…

The major economic release today made a small impact on USDCAD, in which the pair extended it bullish momentum above the last high at 1.34950. The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, announced the average changes in prices in primary markets of…