The AUDGBP pair rose today after China released its trade numbers for April and ahead of the BOE interest rate decision.
Crispus Nyaga is a self-taught financial analyst and trader with more than seven years in the industry. He has worked for some of the biggest brokers in Europe and Australia as an analyst, coach, and course creator. He has a wealth of experience in equities, currencies, commodities, and global macroeconomic issues. He has also published for prominent financial publications like SeekingAlpha, Forbes, Investing.com, and Marketwatch. Crispus graduated with a Bachelor’s of Science in 2013, an MBA in 2017, and is currently working on an MSc in Financial Engineering from WorldQuant University. When he is not trading and writing, you can find him relaxing with his son.
USDCAD jump as US braces for record NFP payrolls data
The USDCAD pair rose as the market reacted to the latest private sector job report by Automatic Data Processor (ADP)
GBPZAR: pound to rand rate whipsaws near 5-year high as PMIs disappoint
The pound to rand (GBPZAR) pair is struggling to find direction close to its all-time level of 25.8365 as the market digests news from the UK and South Africa. The most important news is that South Africa has started to reopen its economy while the lockdown in the UK seems to be continuing.
EURUSD nosedives as defiant ECB goes to war with German’s Karlsruhe court
The EURUSD pair declined today as the market continued to focus on the bombshell report by the German constitutional court on the legality of quantitative easing. The market is also reacting to a slew of mixed economic data from the region. EUR/USD falls as ECB fights with German court To [...]
Gold price ripe for a breakout as hedge funds rush for its safety
Gold price is holding close to a seven-year high as hedge funds buy more in reaction to the current quantitative easing policies by central banks.
DAX index edges higher as German factory orders slump to record low
The DAX index rose today even as automakers warned about financial results this year. In a statement yesterday, BMW said that the fallout from the pandemic would disrupt production this year. The company said this after automakers held a virtual meeting with Angela Merkel. In the meeting, automakers like Daimler, [...]
Crude oil price parabolic rally gets out of gas as inventories rise
Crude oil price declined in early trading as the market refocused on risks of oversupply in the market. The slight decline reversed course on a five-day rally that saw Brent prices move above $30 per barrel
USDCAD slides as US and Canadian trade deficits widen
The USDCAD pair declined today as the market reacted to the trade data from the US and Canada. The pair also dropped because of the overall strength of the US dollar. US trade deficit soars in March Data from the Bureau of Economic Analysis (BEA) showed that the US trade [...]
3 reasons why the Dow Jones index is surging for the wrong reasons
The Dow Jones index is soaring today as the market digest various data points. The index together with the S&P 500 and Nasdaq is up by more than 1% in the futures market.
EURGBP nosedives as German court ruling sends shockwaves in Europe
The EURGBP nosedived as the market reflected on the weak economic data from the UK and a ruling by a German court on quantitative easing. EURGBP falls on German court rules on QE A court ruling by the German constitutional court sent shockwaves in the market leading to a sharp [...]
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