The US currency is near the highs of two and a half months to the Japanese yen on Monday in the Forex market. Stability to the dollar was added by signs of progress in US-Chinese trade negotiations.
Final German and Spanish CPI data confirmed the previous reading and showed the lack of inflation in the Eurozone. Infighting inside the ECB in regards to Draghi’s restart of QY continues, the ECB is set to resume bond purchases on November 1st. The EURCAD remained stuck at resistance, how will the final day of US-China trade negotiations impact price action? Today’s fundamental analysis will cover both sides of price action. As forex traders will await the Canadian employment report for September, the Canadian Dollar received a boost after...
Economic data out of New Zealand showed the Business Manufacturing PM continued to contract in September as electronic retail card sales slowed down sharply. Forex traders largely ignored the economic data and chose to focus on developments out of the US-China trade talks which will continue today. President Trump stated the first day was great, but his statements were often contradicted by actual events. What does this mean for the NZDUSD? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month. US economic...
High level trade talks will begin in Washington today and sources claim that the Chinese delegation is willing to work out a partial trade deal. Markets rallied yesterday after the comments were leaked, but the Trump administration has repeatedly ruled out a partial trade deal. New tariffs are set to kick in on October 15th 2019 and conflicting reports for today’s negotiations have already caused a spike in volatility. Forex traders will also receive inflation data and two reports on the labor market. How will this impact the USDCAD? Today’s...
Forex traders will get plenty of economic data out of the UK this morning. Industrial production, manufacturing production, GDP data and service sector data will be in focus and is expected to move the British Pound. Latest rumors surrounding Brexit called for the EU to give a major concession to the UK in order to potentially reach a deal. How will today’s data and the latest Brexit developments impact the GBPJPY? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Japanese economic data disappointed...