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USDTRY dropped after Trump Speech

The trend of gold

Federal Reserve Chairman Powell reiterated that the US economy is good, but it faces some risks and has not revealed new information. The market is also closely watching the progress of China-US trade negotiations. The release of the FOMC minutes...

Blacklisted

The United States blacklist has gained eight new Chinese technology companies, added to the list on Monday under the Trump administration. The White House accused these eight tech companies of being implicated in human rights violations against Muslim minorities in...

NZDUSD stages recovery

First of all, according to the newest US ADP report, private business in the United States hires 135 thousand workers in September, which is lower than expected. Also, ISM is a signal for the manufacturing industry shrinking. People worried about...

United States ADP Employment Change and the effects

On this Wednesday (October 2), the latest US ADP reported that 135 thousand workers were employed in private business in the United States in September. It is less than market expectations, which makes the market more worried about the strength...

US Factory Activity Shrinks the Most in a Decade

September 2019’s, Institute for Supply Management (ISM) Purchasing Management Index (PMI) dropped to a ten-year low of 47.8, from 49.1 in the previous month. Falling short of market expectations of 50.1. With the manufacturing sector having the steepest month of...

Is the Market Bored with Brexit?

The Supreme Court ruled that the decision of Boris Johnson to prorogue Parliament this month lacked reasonable justification, strengthening the pound. However, the Pound sterling has still been under fresh pressure on rising concern over the Brexit limbo. The PM...

Oil Supply Concerns

After a sharp rise on Monday, crude oil prices experienced a deep recovery on Tuesday and Wednesday, and West Texas Intermediate (WTI) fell by nearly 6% during this period. However, on Thursday (September 19), International oil prices were moderately higher...

GBP/USD Surges Above 1.25

European Commission President Juncker told the UK on Thursday (September 19), “We can reach an agreement on the Brexit.” According to British Sky News, Juncker believes that the Brexit agreement can be confirmed by October 31. Juncker said that the...
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