United States Oil (USO) slipped as tensions escalated between the United States and China

United States Oil (USO) slipped as tensions escalated between the United States and China Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand. U.S. industry data showing a bigger-than-expected rise…

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets The Dollar/Yen is inching lower on Tuesday after giving back earlier gains. The Forex pair was supported early by a strong performance in the Asia Pacific markets, but turned lower along with demand for higher-yielding assets in Europe and the…

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks US-China trade relations have been at a standstill since mid-September when it seemed Sino-American tensions were thawing amid “gestures of good will” from both parties. With a lack of adverse updates on the trade war between Washington and…

Canadian Dollar: USD/CAD (CAD=X) Yawns on Mixed Construction Numbers

Canadian Dollar: USD/CAD (CAD=X) Yawns on Mixed Construction Numbers Canada released mixed construction numbers on Tuesday. Housing starts fell to 221 thousand in September, down from 227 thousand a month earlier. There was more positive news from building permits, which jumped 6.1% in August, crushing the estimate of 2.3%. The Canadian dollar showed little reaction…