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Notwithstanding President Trump’s daily twitter condemnations (trade partners and the Federal Reserve drew his ire this morning), traders have started to look ahead to next week’s trade.

The US dollar was on course to end sharply higher yesterday until Donald Trump spoke. While the greenback has steadied and could still push higher, market participants are now in no doubt what the President thinks of the currency’s growing value and rising interest rates in the US.

Last week, we highlighted how USD/CAD saw a momentary bout of weakness (loonie strength) after the Bank of Canada raised interest rates before reversing sharply back to the topside as oil prices collapsed...

Like gold, silver has fallen sharply in US dollar’s slipstream. From a high of around $17.30 in June, the precious metal has fallen to a low so far of $15.20. The $2.10 slide might not sound much in nominal terms but represents a sizeable 12.1% decline in percentage terms.

To say this week has been a poor one for the British pound is an understatement. The downbeat currency – already reeling from ongoing Brexit and political uncertainties – has been hit further by disappointing domestic economic data.

USD up move remains intact in JPY & GBP

Amidst the second day of Fed Chairman Powell’s Humphrey-Hawkins testimony, disappointing UK inflation data, and a big rally in cryptoassets, the Australian dollar isn’t garnering too many headlines today....

It doesn’t feel like it but Bitcoin has risen nearly 30% from its lowest point in June.

After the sluggish wages data yesterday, the pound was hit again this morning on news UK inflation remained flat in June, raising further doubts over an August rate hike from the Bank of England. But this was good news for the stock markets, with the commodity-heavy FTSE 100 extending its gains after a sizeable rally the day before and despite ongoi...

USD strength remains intact.

The GBP/USD broke down earlier on the back of a slightly disappointing UK wages data and after reports emerged that Prime Minister Theresa May could lose an important parliamentary vote on Brexit.

With concerns about the nascent global trade war escalating and the Treasury yield curve inverting, Federal Reserve Governor Jerome Powell had a clear opportunity to tap the brakes on the central bank’s hawkish lean in today’s semi-annual testimony to the Senate Banking Committee...