Trading news

Markets Trade “Risk Off” on US-China Tensions, GBP the Main G10 Loser

The financial world turned to risk-off yesterday, following fresh tensions between the US and China ahead of the high-level negotiation that begin in Washington tomorrow. Among the G10 currencies, the pound was the main loser, coming under fresh selling interest after German Chancellor Angela Merkel told UK Prime Minister Boris Johnson that a Brexit deal is “overwhelmingly unlikely” if Northern Ireland is not left in the EU’s customs union.



The dollar traded higher or unchanged against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained against GBP, NOK, SEK and CAD in that order, while it was found nearly unchanged versus EUR, AUD and NZD. The greenback lost some ground only against CHF and JPY.

Read the full article on JFD Research.

JFD Review

Wednesday, 09 Oct, 2019 / 8:01

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


EU and UK Agree on a Brexit Deal, but DUP Says it Will Not Support it

The British pound and EU equity markets rallied yesterday after the EU and the [...]

Posted on Friday, 18 Oct, 2019 / 7:21 under

Strong employment data reduces chance of RBA November rate cut

By Giles Coghlan, Chief Currency Analyst at HYCM RBA The jobs data on [...]

Posted on Friday, 18 Oct, 2019 / 7:18 under

Gold is under pressure

Gold continues to move inside a downward price channel, where the asset has [...]

Posted on Thursday, 17 Oct, 2019 / 3:01 under