AUD/USD continues to move within the downward channel.
Tag - usd
On Wednesday, the evergreen buck jumped, backed by comments from senior Fed officials playing down the probability of interest rate cuts, and also by a fresh round of safe-haven buying on geopolitical tensions…
Trade ideas for May 15
The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
The United States will release the level of retail sales and core retail sales on May 15, at 15:30 MT time.
Trade on the news
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
Chinese authorities plan to apply tariffs on $60 billion of US goods.
On Monday, the evergreen buck reached a four-month maximum versus the Chinese yuan, although it was lower against the Japanese yen as well as Swiss franc due to the fact that the escalating trade conflict between China and America backed bids for…
What key releases will move the markets this week?
The trade tensions between the US and China weakened the offshore yuan.
Hottest events for this week!