Higher oil prices benefit the US over Europe – AmpGFX

Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that the US economy is in a better position to benefit from higher oil prices due to its growing energy sector.  Key Quotes “Already it seems business investment in the sector will help support overall US manufacturing.  ...

Gold retests 1-week old trading range resistance

   •  USD extends overnight corrective slide and helps regain some positive traction.    •  Reviving safe-haven demand provides an additional boost and remains supportive.    •  A renewed uptick in the US bond yields might now seem to ca ...

India stocks higher at close of trade; Nifty 50 up 0.19%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Auto, Metals and Real Estate sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.19%, while the BSE Sensex 30 index climbed 0.10%. The best performers of the session on the Nifty 50 were Dr. Reddy’s ...

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.10%

Investing.com – Sri Lanka stocks were higher after the close on Tuesday, as gains in the Telecoms, Trading and Beverages&Tobacco sectors led shares higher. At the close in Colombo, the CSE All-Share added 0.10%. The best performers of the session on the CSE All-Share were Lake House Printers ...

EU agrees to start trade talks with Australia, New Zealand – Reuters

The European Commission, which negotiates on behalf of the 28 EU members, cleared the way on Tuesday for the bloc to begin free trade talks with Australia and New Zealand in an effort to counter the intensifying trade tensions with the US, Reuters reports. The EU is likely to reac ...

USD/CNY seen at 6.20 in 12-month – Danske Bank

Allan von Mehren, Chief Analyst at Danske bank, believes the pair could slip back to the 6.20 area within a year’s view. Key Quotes “We look for a moderate slowdown in China as the housing market is set to slow further and export growth also softens. We expect growth to decline t ...

Indonesia stocks higher at close of trade; IDX Composite Index up 0.30%

Investing.com – Indonesia stocks were higher after the close on Tuesday, as gains in the Miscellaneous Industry, Manufacturing and Basic Industry sectors led shares higher. At the close in Jakarta, the IDX Composite Index gained 0.30%. The best performers of the session on the IDX Composite Index ...

GBP/USD reverses a dip to 1.3450, focus shifts to UK CPI

Dovish BOE-speaks and stalled USD selling knocked-off Cable to mid-1.34s. Focus shifts to the UK CPI report due tomorrow for next direction. The GBP/USD pair is seen experiencing good two-way price-movements in the European session, as markets digest the dovish and cautious remarks from the ke ...

EUR/USD keeps pushing higher, near 1.1830

The pair is flirting with daily highs in the 1.1830 region. Spot gains further upside traction on weaker greenback. US 10-year yields are approaching the 3.08% level. The upbeat tone around the single currency remains well and sound today, lifting EUR/USD to fresh daily highs in the 1.183 ...

Bundesbank report: German economic growth picking up again in Q2

In its latest monthly economic report, the German central bank – Bundesbank (Buba), highlighted the following key points: German economic growth picking up again in Q2. Economic boom to continue. But underlying momentum has likely slowed. Demand still very favorable despite recent decline i ...

United Kingdom CBI Industrial Trends Survey – Orders (MoM) came in at -3, below expectations (2) in May

Anomaly in US interest rates and USD/JPY disappearing – Nomura

An anomaly that was in the financial markets, namely the negative correlation between US interest rates (US-Japan interest rate spread) and USD/JPY, started to disappear in April, according to analysts at Nomura. Key Quotes “We attribute the anomaly to (1) concerns that the expansionar ...

Top 5 Things To Know In The Market On Tuesday

Investing.com - Here are the top five things you need to know in financial markets on Tuesday, May 22: 1. China To Cut Tariffs On Cars, Auto Parts In another promising sign of warming trade relations between the world's two largest economies, China said it will cut import tariffs for automobile ...