Tag: Forex

Late Friday, President Donald Trump tweeted that he had suspended plans to impose tariffs on Mexico after reaching a deal with that country over stemming the flow of illegal immigration. But he warned Mexico in a series of tweets on Sunday that if cooperation should fail, “we can always go back to our previous, very profitable, position of tariffs.”The Mexican peso surged on Monday, benefiting from news the U.S. won’t impose trade tariffs after a deal was reached between the two nations.Mexico’s peso USDMXN, +0.0083%   jumped 2.2% against the dollar. The buck was buying 19.198 pesos, compared with 19.624 pesos

The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found.Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.A trade conflict between the United States and China, which shows no signs of being resolved anytime soon, will probably put further pressure on risky

Lawmakers, business executives and economists have all tried to warn President Trump that his trade policies could hurt growth. On Friday, the government reported that employers added just 75,000 jobs in May, a fact that will be hard for him to ignore.The increase was a far cry from what economists had expected and a fraction of the number of jobs created in April. The weakness was most evident in sectors that depend on exports, and analysts were quick to blame Mr. Trump’s tariffs on China and other countries. The new data from the Labor Department also increases the likelihood that

10,000 Ft View – 4 Hr Chart

What I like about the price action is the downward direction since 2018.

Lets zoom in for the trade set-up. What I like about the zone is the stack of sellers on top of each other and the explosive move out of the zone before the pull back.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in

10,000 Ft View – 4 Hr Chart

Lets zoom in to the 1 hr chart. What I like about the level is price lost momentum to the upside, rounded out and now price is making lower highs and lower lows.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Swiss economic growth accelerated more than economists expected in the first quarter, joining the upturn seen across much of Europe at the start of the year.Even with the strong first-quarter showing, there’s downward pressure on the economy amid a global slowdown and escalating trade tensions that have hurt business confidence and demand. In Switzerland, the manufacturing Purchasing Managers Index is at its lowest since 2015 and the KOF’s business situation index has fallen for five straight months.The Swiss National Bank has also warned of the likelihood of Switzerland suffering from the impact of trade tensions. One major repercussion could be