Dec 04,2019

After more than a week without any updates on trade progress from neither leaders from the US or China, yesterday’s comment from US President Donald Trump was a bearer of bad news. Investors’ risk-averse attitude led to a sell-off in the dollar market while diving into safe-haven assets including gold......

Dec 03,2019

The dollar index, DXY, plunged on Monday, recording the most considerable intraday losses since the month of October. With a recent lack of trade progress between US and China negotiations, the dollar’s appeal could only depend on US economic data to gain investors’ interests. Yesterday slump in manufacturing activity and......

Dec 02,2019

Oil prices had been traded in an upward trend channel since the month of October, hitting a two-month high in November, above its $58 level. However, the black commodity retraced sharply from its top-levels on November’s last Friday trading day, falling up to 5% while recording its most considerable intraday losses......

Nov 28,2019

Previously, trade sentiment remained on the upside following reports stating that both sides are still struggling to reach consensus towards a phase one trade deal. US President Donald Trump also denied signing the Hong Kong bill, which supports the protesters after the Congress passed the bill.  However, on early Thursday,......

Nov 27,2019

    Australia’s financial services provider, Westpac, provided a forecast on the Reserve Bank of Australia (RBA) monetary policy stance for the year 2020. As of now, Westpac is expecting two rate cuts to 0.25% from RBA by the first half of 2020, followed by Quantitative Easing (QE) on the......

Nov 25,2019

Over the weekend, trade sentiment was improving with both sides getting close to a possible phase one trade deal. Despite the US Hong Kong bill which was approved by the Congress, President Donald Trump had yet mentioned that he will be signing the deal.  Being well aware of the current......