33245 July 31, 2019 16:03 FXStreet Market News
33244 July 31, 2019 15:53 FXStreet Market News
33243 July 31, 2019 15:33 FXStreet Market News
33242 July 31, 2019 15:03 FXStreet Market News
33241 July 31, 2019 14:53 FXStreet Market News
33098 July 31, 2019 14:38 SwingFish Trading Room Journal AUDCAD • AUDJPY • BTCUSD
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33239 July 31, 2019 14:33 ICMarkets Market News
Asian markets fell in early trading Wednesday, after President Donald Trump poured cold water over optimism for a trade deal as negotiations between the U.S. and China resumed. In a series of tweets Tuesday morning, Trump criticized China for not buying more American agricultural products, and took credit for its slowing economy. On Wall Street, a mixed batch of corporate earnings helped drag indexes slightly lower Tuesday, pulling the market farther from its recent record highs for the second straight day.
The Nikkei slid 0.8% while Hang Seng slumps over 1.18% as investors await possible Fed rate cut. Also, Hong Kong is set to announce its second-quarter GDP figures later on Wednesday. Analysts expect the local economy to be hurt by the city’s massive protests. The Shanghai Composite retreated 0.45% while Australian shares are down 0.39%.
Treasury yields inch higher on consumer confidence ahead of Fed decision. The dollar held steady on Wednesday, largely in a wait-and-see mode as traders looked ahead to the outcome of the Federal Reserve’s meeting later in the day when policymakers are expected to cut interest rates for the first time since 2008.
Oil prices gained on Wednesday in Asia after the release of weekly data that showed a decline in U.S. crude stockpile. The gains also came as traders await the expected first rate cuts by the U.S. Federal Reserve in a decade. Gold has now recouped almost all the losses suffered after last week’s European Central Bank meeting and is trading at $1430 an ounce.
33238 July 31, 2019 14:33 FXStreet Market News
33236 July 31, 2019 14:03 FXStreet Market News
33235 July 31, 2019 13:53 FXStreet Market News
33231 July 31, 2019 13:33 FXStreet Market News
33230 July 31, 2019 13:03 FXStreet Market News