The first tariffs on Chinese and U.S. goods were implemented on Friday, and analysts are already concerned about how they'll impact the global economy.
This week will see a relatively light news agenda, similar to last week, with central bank input due from the Bank of Canada, plus minor statements from the European Central Bank and the Bank of Japan, as major economic data releases primarily concerning the U.S. Dollar and the British Pound.
There’s no question that the brewing trade war has introduced a new wave of volatility to the global stock markets.
FX traders remain on the sidelines as they wait for news as to whether or not US President Trump will follow through on his threat against Chinese imports.
Against the US Dollar, the common currency Euro inched higher to a 3-week peak on the latest economic news out of Germany, the EU's economic powerhouse.
Global currencies were trading fairly flat early on Thursday morning in Asia as traders wait patiently for Washington’s Friday deadline for imposing $34 billion of tariffs on Chinese imports.
The latest economic data from the UK, specifically the Services Sector PMI survey which was produced by Markit Surveys, showed an improvement in the June numbers with a reading of 55.1 against an expected flat reading of 54.0.
Oil prices headed higher on Wednesday, boosted by data out from the American Petroleum Institute which confirmed that U.S. crude inventories dropped by 4.5 million barrels last week.
China looks to the EU for new trade alliances against the United States - will they succeed?
After several days of enduring a downtrend, the Pound Sterling edged higher against the US Dollar, supported by the return of risk appetite on news
The dollar traded higher against most of its primary trading partners early on Tuesday, boosted by political uncertainty in Europe which weighed on the euro.
Wall Street may have rallied on Friday, but investors are worried that things will turn south quickly as new waves of tariffs are implemented throughout the week.
For the first time in Mexico’s modern history, a radical left-wing candidate has won election to the nation’s highest office, the Presidency, bringing an end to decades of right/center right rule.
The Pound Sterling had moved lower while worried FX traders awaited the latest economic data from the UK.
Asian markets were mostly lower early on Monday morning as traders braced for a busy week ahead.