Forex Market News

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‘Star Wars: The Rise of Skywalker’ becomes Disney’s seventh billion-dollar film of 2019

2020-01-17T12:05:48+00:00

Star Wars is lucky No. 7 for Disney (DIS). "Star Wars: The Rise of Skywalker," the ninth and final installment of the Skywalker saga, hit $1 billion at the worldwide box office, the Walt Disney Studio announced on Wednesday. The space adventure film became the seventh Disney movie that was released in 2019 to make more than $1 billion. The film surpassed the $1 billion mark on Tuesday, its 28th day of release. "Rise of Skywalker" joins two Marvel films, "Captain Marvel" and the record-breaking "Avengers: Endgame," the live action remakes of "Aladdin" and "The Lion King," Pixar's "Toy Story 4" [...]

‘Star Wars: The Rise of Skywalker’ becomes Disney’s seventh billion-dollar film of 2019 2020-01-17T12:05:48+00:00

GBP & NZD Thrive, JPY Remains Unloved

2020-01-17T12:04:23+00:00

The New Zealand Dollar and the Pound were the top performing currencies. The former was boosted by an upbeat ANZ inflation indicator, leading to calls for the RBNZ to cement its neutral bias for the foreseeable future. Too premature to think the language may shift to hawkish though, even if the jump by 0.8% q/q is above the RBNZ target. The Sterling’s rise, in my opinion, has a lot more to do with the slow money re-engaging in weakness as the weekly trend remains bullish, even if reason to turn more bearish are also piling up with the BoE more likely [...]

GBP & NZD Thrive, JPY Remains Unloved 2020-01-17T12:04:23+00:00

12-time champion forecaster sees U.S. economy easing in 2020

2020-01-17T12:03:31+00:00

With the conclusion of the U.S.-China trade talks, financial markets are feeling good, but award-winning forecaster Jim O’Sullivan of TD Securities warns that the best days of this 10-year economic expansion are behind us. “The economy is slowing for sure,” O’Sullivan said after winning his 12th Forecaster of the Year contest, including the last nine in a row. Let that sink in. O’Sullivan edged out Ryan Sweet of Moody’s Analytics and Christophe Barraud of Market Securities by the slimmest of margins in the contest that pitted 45 forecasting teams against each other. O’Sullivan joined TD Securities as ... (full story)

12-time champion forecaster sees U.S. economy easing in 2020 2020-01-17T12:03:31+00:00

Trade war: The US-China deal starts somewhat calmer 2020

2020-01-17T12:03:13+00:00

Now that the US-China trade deal is signed, Trump is expected to focus on the EU. However, given the upcoming US elections, we expect 2020 to be calmer than last year from a trade-war perspective. The US-China deal imply that the amount of uncertainty related to trade war declines significantly in the short-term. We assume that after having achieved the Phase one trade deal with China Trump will not take huge risks when running for president at the November elections. As a result, the year 2020 is expected to be somewhat calmer from a trade-war perspective. However, the general challenges on [...]

Trade war: The US-China deal starts somewhat calmer 2020 2020-01-17T12:03:13+00:00

China GDP growth last year was 6.1 per cent, slowest rate for 29 years

2020-01-17T12:02:15+00:00

China’s economy grew by 6.1 per cent in 2019, the lowest annual growth rate for 29 years, the National Bureau of Statistics announced on Friday. The gross domestic product (GDP) figure came in a year in which the Chinese economy was hammered by US tariffs as a result of the trade war. The new data comes a day after China and the United States signed a long-waited phase one deal on Wednesday, marking something of a ceasefire in the trade dispute between the world’s two largest economies. However, despite falling to a new low since 1990, when political turmoil drove economic [...]

China GDP growth last year was 6.1 per cent, slowest rate for 29 years 2020-01-17T12:02:15+00:00

The First Principles for Profitable Trading

2020-01-17T12:01:56+00:00

If you are losing money in the markets or having a large drawdown in capital it could be a good idea to go back and return to first principles. First principles are the core concepts or accepted foundation of beliefs that a theory, process, system, or methodology is based. Profitable trading comes from using the right principles and process over time, not opinions, predictions, and just being good at it. Here are the core first principles of profitable trading. Creating good risk/reward ratios at entry. Your potential reward should be two or three times greater than your risk of loss. Using [...]

The First Principles for Profitable Trading 2020-01-17T12:01:56+00:00

USD Outlook: US Dollar at Resistance Ahead of Consumer Sentiment

2020-01-16T14:12:00+00:00

Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.

USD Outlook: US Dollar at Resistance Ahead of Consumer Sentiment 2020-01-16T14:12:00+00:00

China Makes Significant Commitments to Improve Intellectual Property Protection in Phase 1 Trade Deal

2020-01-16T12:10:27+00:00

In the Economic and Trade Agreement Between the United States of America and the People’s Republic of China, Phase 1, dated January 15, 2020 China has made several major commitments to improve Intellectual Property protection. Chapter 1, which comprises 16 pages of the 94-page document, specifies improvements in trade secret protection; strengthening pharmaceutical-related Intellectual Property; granting patent term adjustments and extensions; preventing piracy and counterfeiting on e-commerce platforms; increasing transparency in geographical indications protection; preventing manufacture and export of counterfeit ... (full story)

China Makes Significant Commitments to Improve Intellectual Property Protection in Phase 1 Trade Deal 2020-01-16T12:10:27+00:00

Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked?

2020-01-16T12:10:00+00:00

The Japanese Yen has faltered against the US Dollar in recent weeks, even as the Fed has expanded its balance sheet, flushing more Dollars into the economy. Despite the seemingly bearish headwind for the Greenback, a period of subdued volatility and robust risk appetite has helped to lift USD/JPY to its highest level since May 2019. In turn, the pair has broken a descending trendline dating to October 2018, a development that could allow for an extension higher – or an early area of support if risk aversion should emerge. That being said, the week ahead possesses the potential to spark [...]

Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked? 2020-01-16T12:10:00+00:00