AUD/JPY reclaims 84.00 on broad market recovery

Aussie takes a ride higher as markets recover on trade talk cool-down. Tuesday brings little action to the table with nothing slated for the data dockets. The AUD/JPY pair is trading near 84.15 in the overnight session, after lifting steadily on Monday. The Aussie was one of the big winners i ...

North Korea summit on ‘shaky ground’ – Reuters

As reported by Reuters, US President Trump is will be meeting with South Korean leader Moon Jae-in in an attempt to apply pressure ahead of the now-tentative US-North Korea summit. Key quotes "Moon’s White House visit was originally arranged as a meeting to fine-tune a joint strategy fo ...

Forex today: dollar mixed, DXY pulls back from multi-month highs 94.05

Forex today continued to recover from the risk-off trade sentiment environment that had been building up over these recent week's. A mixed dollar and a heavy setting for EM-FX and the proxies through Commodity FX, notably in the Aussie and Canadian dollar.  Treasury Secretary Mnuchi ...

Fed’s Kashkari: Cryptos have become a “farce” – Bloomberg

President of the Minneapolis Federal Reserve Neel Kashkari, following statements made earlier, made comments to Bloomberg regarding cryptocurrencies and how easy it is to create new cryptos. Key quotes "The barrier to entry to creating a new cryptocurrency is zero. If you can dupe enoug ...

German economy is on an upswing – German Finance Ministry

In their monthly report, the German Finance Ministry is presenting a bullish outlook, optimistic that the first quarter's contraction is coming to an end. Key highlights The German Finance Ministry noted that the German economy is in a strong 'upswing', even though 2018's firs ...

US Fed’s Kashkari: slack might still be in economy

Minneapolis Federal Reserve President Neel Kashkari gave some comments during a Q&A session where he highlighted the economy's potential slack as wages remain supressed. Key highlights The labor market might still have some slack in it. Wages growth still hasn't picked up. The econom ...

GBP/USD to recovery more than EUR/USD – AmpGFX

Greg Gibbs, Founder, Analyst, & PM, amplifying Global FX Capital Pty Ltd explained both the EUR and GBP have taken a beating in the last month.   Key Quotes: "The EUR is near key support and may recover somewhat as risk aversion related to Italy eases and Q2 economic report ...

AUD/USD plugs in a new May high as bulls gorge on risk recovery

Aussie joins the broader market in a recovery rally as trade tensions ebb and risk appetite swings back. The early week is continuing quietly for the Aussie, nothing on the docket for Tuesday. The AUD/USD is trading on the high side, testing near 0.7585 in the early overnight session. Monda ...

Market wrap: improvement of risk sentiment – Westpac

Analysts at Westpac explained that the improvement in risk sentiment seen in Asia after the US backed off its threatened tariffs on Chinese imports extended to US trade, with equities posting sharp gains.  Key Quotes: "Commodity currencies led the way, with oil and copper bouncing thoug ...

Peru stocks higher at close of trade; S&P Lima General up 0.09%

Investing.com – Peru stocks were higher after the close on Monday, as gains in the S&P Lima Juniors, Electricity and Services sectors led shares higher. At the close in Lima, the S&P Lima General added 0.09%. The best performers of the session on the S&P Lima General were Volcan Minera ...

NZD/USD: bulls capped by hard 0.6950 and outlook could turn sour

NZD/USD: bulls taking advantage of the proxy trade vs trade headlines. NZD/USD: technicals remain bearish longer term, 0.6950 is a hard resistance.  NZD/USD has been making tracks to the upside, with traders getting behind the proxy currencies to the ongoing trade uncertainties, albeit o ...

Wall Street: Dow Jones above 25,000 on US-China trade war optimism

Mnuchin said that the trade war is “on hold” which sparks risk-on mood across the board. China agrees to buy more US goods to help narrow the trade deficit between the US and China. The S&P rose 0.74% to 2,733.01 while the Dow Jones Industrial Average gained 1.21% to 25,013.29 ...

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.79%

Investing.com – Mexico stocks were lower after the close on Monday, as losses in the Telecoms Services, Consumer Staples and Financial Services sectors led shares lower. At the close in Mexico, the S&P/BMV IPC lost 0.79% to hit a new 52-week low. The best performers of the session on the ...