After a rough start to the week and a dismal finish in May on Wall Street, global stock indexes headed broadly during Tuesday’s New York session, and Asian indexes followed in kind on Wednesday.
Though higher currently, the Pound Sterling remains within striking distance of a 5-month trough versus the Euro during Tuesday trade as worries of a hard Brexit weigh.
South Korea’s economy contracted 0.4 percent, falling more than the 0.3 percent the analysts expected, according to the South Korean central bank data which published its data earlier on Tuesday.
The U.S. dollar fell to a five-month low against the yen on Tuesday, pressured by lingering concerns over a global economic slowdown and increased expectations for an interest rate hike by the Federal Reserve.
Market demand for safe haven currencies sent the Swiss Franc close to a 2-year peak versus the common currency Euro as the trade tensions between the United States and China increase.
The economist and professor Philip Lane just began his term as the European Central Bank chief economist, with an important monetary policy meeting about to happen on Thursday, where he could (or not) revise the bank's forecasts.
Asian stock indexes were trading mostly lower on Monday, with benchmark indexes pressured by reports that factory activity in Asia contracted in most countries in May, a decline that signals that a global recession may be looming.
This week is likely to see more market activity than last week, with important central bank input due concerning the Euro and the Australian Dollar.
On Friday, May 31, 2019, the markets will be interested in the release of economic calendar data, which usually results in changes in price movements - the economic agenda is a key tool for the basic analysis of the news to predict markets’ performance.
President Donald Trump has once again threatened new tariffs, this time against Mexico, where he tweeted an intention to implement a 5 percent tariff on goods imported from Mexico if illegal immigration from the country to the United States doesn’t stop.
Concerns about the successor to Theresa May have upstaged Brexit worries in the short term and are keeping the Pound trading close to a 4-month trough.
On Thursday, May 30, 2019, the markets will be interested in the release of economic calendar data, which usually results in changes in price movements
The head of a Japanese business Lobby suggested the government proceeds with the expected tax hike in October since the Japanese population is aging rapidly.
Asian stocks were trading lower on Thursday after new trade threats from China stoked new fears that the trade war between the United States and China will be long, and perhaps, brutal.
The Pound Sterling continues to trade within striking distance of a 4-month trough versus the Euro as FX traders prepare for a worsening political situation between now and the October Brexit deadline.