The US President Joe Biden and his Chinese counterpart Xi Jinping are scheduled to hold a call on Thursdaytheir first conversation in four months, reports the Associated Press (AP), citing a US official. The planned talks come ahead of a visit to Taiwan by House Speaker Nancy Pelosi in August, which has reignited tensions between […]
Tag: RiskAversion
Forex Today: Dollar Bulls Try Their Luck Amid Cautious Optimism
This is what you need to know to trade today tuesday july 26: Tepid optimism remains the predominant theme in Tuesday’s trading so far, with the US dollar finding some demand and stock futures down around 0.30% on the day. Pre-Fed anxiety dominates, but the rally in Chinese tech stocks helped ease some pressure on […]
Forex today: The dollar recovers amid a climate of uncertainty in the beginning of the Fed week
This is what you need to know to trade today Monday July 25: Risk aversion flows into the start of the week on Monday as investors remain cautious amid lingering fears of a likely global recession. Traders prefer to stay on the defensive as the Fed is set to raise interest rates by 75 basis […]
Coronavirus: Cases surge in China as Shanghai expands testing
China’s “zero covid” policy has failed to contain coronavirus outbreaks across the country, and millions of people have been locked down again. The world’s second-largest economy reported 699 cases on Monday, the highest daily figure since May 22, after reporting more than 1,000 infections over the weekend. The growing outbreaks have prompted authorities to impose […]
Forex Today – Asian Session: Risk Aversion Keeps USD on the Winning Side
What to watch for on Friday, July 15: Recession fears kept the dollar on a bullish path during the first half of the day, although cooling expectations of a 100 basis point rate hike in the US triggered a corrective decline. Federal Reserve Governor Christopher Waller said markets may have gotten ahead of themselves in […]
Forex Today – Asian Session: The dollar pause is about to end
What to watch for on Wednesday, July 13: Risk aversion amid slowing economic growth and rising inflation continued to be the main theme in financial markets. The US currency appreciated during the first half of the day, hitting new 20-year highs against the Euro as the pair hit 0.9999. The greenback lost steam ahead of […]
USD/CAD rises near 1.3050 amid weak oil prices and strong USD
USD/CAD gains ground for the second day in a row and is supported by a combination of factors. Weakening crude oil prices are weighing on the CAD and offering support to the pair amid incessant dollar buying. Expectations for an aggressive Fed rate hike coupled with recession fears push the USD to a new 20-year […]
AUD/USD Struggles Near Two-Year Low Amid Recession Fears and Sustained USD Buying
AUD/USD remains on the defensive near its lowest level since June 2020. Incessant USD buying and risk-off sentiment weighs on the risk-sensitive Aussie. The pullback in US bond yields could cap the dollar and support the pair. The pair AUD/USD moves in a range at the start of the European session on Tuesday and consolidates […]
Coronavirus: China confines the city of Wugang
In the middle of renewed covid outbreaks across Chinadue to the BA4 and BA5 omicron sub-variants, the country has announced wugang’s blockadein Henan province. The city, located in one of the iron and steel centers of Chinahas been confined for three days after a single covid infection was detected. The central province of Anhui, a […]
Forex Today – Asian Session: Panic Ease, but Dollar Remains Strong
What to watch for on Wednesday, July 6: The fear of a global recession is making a dent in the financial markets. The USD took advantage of the risk aversion scenario and soared. The risk of a recession in the United States exceeds 70%, according to analysts. The EUR/USD pair fell to a 20-year low […]
