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Bảng Tin tức Forex

Thứ hai, Tháng sáu 1, 2020

USD/JPY declines to 107.72 amid the early Monday morning in Asia. The yen pair seems to portray the market’s fear of escalating tension between the US

USD/JPY drops from Friday’s close amid fresh risk aversion.US Secretary of State Pompeo said the threats from the Chinese Community Party’s military advances are real.US President Trump avoided major confrontations with China during Friday’s speech.Jibun Bank Manufacturing PMI will decorate the calendar, US-China story could keep the traders busy.USD/JPY declines to 107.72 amid the early Monday morning in Asia. The yen pair seems to portray the market’s fear of escalating tension between the US and China despite the former’s President Donald Trump stepped back from any sanctions on the later during the recent speech. China’s SCMP cites fears of worsening American-Sino tensions… Despite US President Trump’s diplomatic performance on Friday, the South China Morning Post (SCMP) relies on anonymous government adviser comments to say that Chinese groups calling for more ‘fighting spirit’ are getting the upper hand on those who favor calm and cooperation. On the other hand, US Secretary of State Mike Pompeo also flashed red signals for the Asian major by saying that the Chinese Communist Party’s military advances are real. The US diplomat also said, in his latest interview by Fox, that President Trump will always keep us in a position where we can protect the American people. The US leader, Donald Trump, refrained from any direct sanctions on China during his press conference on Friday. However, the Republican leader did show his dislike for the situation in Hong Kong due to the Asian major’s will to grab the power. This pushed the US to shun trade preferences given to Hong Kong, details of which are unclear. Amid all these catalysts, Wall Street closed mixed on Friday while the US 10-year Treasury yields dropped over five basis points to 0.65%. Traders may now pay close attention to the US-China headlines for near-term direction. On the economic front, Japan’s first revision to Jibun Bank Manufacturing PMI, expected 38.4, could offer immediate direction ahead of the US ISM and Markit Manufacturing PMI. Technical analysis A downward sloping trend line from May 19, currently near 107.90 offers immediate resistance to the pair ahead of multiple highs marked since April 16 around 108.10. On the downside, 107.40/35, comprising May 16 high and May 27 low seems to challenge short-term bears.  

Energy Intelligence reports of a source that has said Opec+ will discuss extending the current 9.7 million bpd cuts for 1-2 months.

Energy Intelligence reports of a source that has said Opec+ will discuss extending the current 9.7 million bpd cuts for 1-2 months. 

The war of words has already started in the opening of the FX markets this week. US Secretary of State Pompeo has said that the Chinese Communist Part

The war of words has already started in the opening of the FX markets this week. US Secretary of State Pompeo has said that the Chinese Communist Party’s military advances are real.  Key quotes Our department of defense is doing everything it can to make sure it understands this threat. President Trump will always keep us in a position where we can protect the American people. Following last Friday's heated delivery from US President Donald Trump in his China news conference, US Pres. Trump: Will take steps to sanction Hong Kong officials involved in eroding of autonomy, markets are on standby for an official response from China. The South China Morning Post explained that Chinese groups are calling for more ‘fighting spirit’ and are getting the upper hand on those who favour calm and cooperation, a government adviser says. "From Hong Kong to Covid-19, trade to the South China Sea, Beijing and Washington are clashing on a growing number of fronts and in an increasingly aggressive way."   Chinese leader Xi Jinping has told the military, the People's Liberation Army, to prepare for war! This comes as a growing border dispute between India and China, and threats of invasion of Taiwan threaten the global order and peace as well as heightened tensions with the US.  Market implicationsChart of the Day: AUD/USD is at make-or-break resistance, 0.6400 or 0.6820

AUD/USD seesaws around 0.6660 at the start of Monday’s Asian session. In doing so, the Aussie pair seems to pay a little heed to the weekend developme

AUD/USD stays modestly changed from Friday’s close.US President Trump refrained from any sanctions on China, for now, announced punitive measures for Hong Kong officials.China’s official NBS Manufacturing PMI stays in expansion territory below 50.8 prior.Activity numbers from China, the US will be important whereas political/trade headlines could keep the driver’s seat.AUD/USD seesaws around 0.6660 at the start of Monday’s Asian session. In doing so, the Aussie pair seems to pay a little heed to the weekend developments while beginning the June month mostly only the same front where it ended the May. China’s NBS Manufacturing PMI softened, Caixin Manufacturing PMI awaited… In its May monthly activity data release, published Sunday, China’s NBS cited weakness in the Manufacturing front while portraying upbeat scenario for the Non-Manufacturing gauge. The headline NBS Manufacturing PMI weakened to 50.6 from 50.8 prior and 51.00 expected whereas the services indicator rose to 53.6 from 53.2. Traders now await private manufacturing activity data, Caixin Manufacturing PMI, up for publishing at 01:45 GMT, to confirm the official readings. The forecast suggests that the Caixin Manufacturing PMI might improve from 49.4 previous readouts but remain in the contraction region to 49.6 in May. Trump steps back reprimanding China… During his much-awaited China press conference, US President Donald Trump refrained from announcing any sanctions on the Asian major, which the markets widely anticipated. Rather, the Republican leader criticized the dragon nation’s approach and shunned trade help given to Hong Kong, the details of which were unclear. While the move disappointed markets in the initial minutes, it did keep the hope of peace between the US and China in the future. Even so, Wall Street closed with mixed performance whereas the US 10-year Treasury yields dropped 5.2 basis points (bps) to 0.653% by the end of Friday. During the weekend, US President Trump said to postpone the G7 meeting until September and added Australia, Russia, South Korea and India to the list of nations to garner support versus the dragon nation. On the other hand, South China Morning Post (SCMP) came out with the news suggesting, “Moderates who favor dialogue and cooperation as a way to resolve China’s disputes with the United States are losing ground to hardline groups bent on taking the fight to Washington, according to political insiders and observers.” Looking forward, Australia’s AiG Performance of Mfg Index, Commonwealth Bank Manufacturing Index and TD Securities Inflation figures for May could offer intermediate moves ahead of China’s Caixin Manufacturing PMI data. Technical analysis Nearly overbought RSI conditions and multiple failures to cross March month high of 0.6686 keep AUD/USD cautious. However, sellers are also refraining for entries unless witnessing a break of 11-day-old support line, currently around 0.6590/95. Also read: Chart of the day: AUD/USD is at make-or-break resistance, 0.6400 or 0.6820  

The South China Morning Post has picked up on the escalating tensions between the US and China. In an article published over the weekend, it stated th

The South China Morning Post has picked up on the escalating tensions between the US and China. In an article published over the weekend, it stated that: US-China tensions set to worsen as moderates lose out to hardliners, observers say. Chinese groups calling for more ‘fighting spirit’ are getting the upper hand on those who favour calm and cooperation, government adviser says.  
Lead paragraphs From Hong Kong to Covid-19, trade to the South China Sea, Beijing and Washington are clashing on a growing number of fronts and in an increasingly aggressive way. Moderates who favour dialogue and cooperation as a way to resolve China’s disputes with the United States are losing ground to hardline groups bent on taking the fight to Washington, according to political insiders and observers. “There are two camps in China,” said a former state official who now serves as a government adviser and asked not to be named. “One is stressing the combat spirit, the other is trying to relieve tensions. And the former has the upper hand.” Relations between China and the US are under intense pressure. After Beijing moved to introduce a national security law for Hong Kong, US President Donald Trump said on Friday that Washington would begin eliminating the special policy exemptions it grants the city, as it no longer considers it autonomous from mainland China. Key notes US Pres. Trump: Will take steps to sanction Hong Kong officials involved in eroding of autonomy US Pres. Trump reportedly won't announce additional tariffs on China China: NBS Manufacturing PMI edges lower to 50.6 in May, remains in expansion territory Market implications This week will be very important for AUD while a whirlwind of geopolitical headlines are expected to run the show. For AUD/USD technical analysis, see here: Chart of the Day: AUD/USD is at make-or-break resistance, 0.6400 or 0.6820.    
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