Latest Updates

DAX Regains the 200 Day MA

DAX Regains the 200 Day MA

DAX index started the week 0.44% higher at 11,662 as investor’s getting mixed signals from the USA – China trade war. The Germany IFO – Business Climate came in at 94.3 below expectations of 95.1 in August, the IFO – Expectations came in at 91.3 also below expectations of 91.5 […]

AUDUSD Make Fresh 3 Week Lows and Rebounds

AUDUSD Make Fresh 3 Week Lows and Rebounds

AUDUSD trades 0.15% higher at 0.6757 as US – China trade war escalates after President Trump announced extra tariffs to Chinese products. Reserve Bank of Australia’s Governor Lowe noticed that monetary policy can push up asset prices but can’t support and deliver medium term growth. In the daily chart the [...]
Nikkei 225 Slumps Below the Support at 20,327

Nikkei 225 Slumps Below the Support at 20,327

Asian equities and Nikkei 225 finished sharply lower today as investors dump risky assets amid trade war escalation between US and China. The Hang Seng trading 2.55 per cent lower at 25,511, the Singapore Straits Times index finished 1.34 per cent lower at 3,068 and the Shanghai composite ended 1,17 [...]
USDJPY Hits Fresh 3 Year Lows and Rebounds

USDJPY Hits Fresh 3 Year Lows and Rebounds

USDJPY started sharply lower the week making fresh 3 year lows at 104.44 but managed to rebound above the 105 mark; investors turn to safe heaven assets such as Yen amid trade war escalation between US and China. Earlier today, Japan Leading Economic Index came in at 100.4 beating forecasts [...]
Forex Focus on Germany August Ifo business climate survey

Forex Focus on Germany August Ifo business climate survey

A wild week for markets starting today as trade war between US and China intensifies. EURUSD traders await the Germany August Ifo business climate survey due at 8:00GMT. USDCHF will follow the SNB total sight deposits w.e. 23 August due at 8:00GMT. In US calendar investors will watch the Durable [...]
Nasdaq Lower on Counter Tariffs from China

Nasdaq Lower on Counter Tariffs from China

Wall Street indices started lower today with the Nasdaq giving up 0.43% at 7,947.28 as China prepares $75 billion counter-tariffs on U.S. goods just to remind us that trade war is here to stay. The Dow Jones Industrial Average started 0.47% lower at 26,129, while the S&P 500 trading 0.54% [...]

Canadian Retail Sales Rise, But USDCAD Remains Unchanged

July's Canadian Retail Sales came in at 0%, which was marginally better than the -0.1% market consensus figure. The Core Retail Sales came in even better; it registered at 0.9% versus the 0.0% figure that analysts were expecting. What followed on the USDCAD can best be described as a trader’s [...]