News

No time to rest on his laurels. He will be under a lot of scrutiny to see how he handles the ongoing situation with the US. That especially after getting Trump, or should I say the anti-Trump rhetoric, helped to turn their fortunes around. So, first thing’s first Carney is saying that he will be sitting down with Trump to discuss future economic and security ties between the two sovereign nations. A bit of emphasis on the ending there.

This article was written by Justin Low at www.forexlive.com.

There aren’t any major expiries to take note of on the day. As such, trading sentiment will continue to be driven by the same factors over the last two weeks. That being the overall risk mood and potential headline risks. For today though, the loonie is also going to face risks from the Canadian election. Mark Carney’s Liberal Party has won the election but the question now is whether if he will form a majority or minority government. Adam had this from earlier: There is one Canadian election outcome that could hurt the loonie

Besides that, we shouldn’t see the expiries board above factor into play in the session ahead.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.

British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.

“Simply put, the United States cannot afford to fall behind, or worse, lose the race entirely.”

President Trump has held up tariffs as a negotiating tool with China and claimed talks are ongoing, but Beijing says so far there haven’t been any negotiations.

German banks stand to benefit as the country’s political environment settles under the potential stewardship of a centrist coalition.

ECB Executive Board member Piero Cipollone warned today that the recent surge in trade policy uncertainty poses a material risk to Eurozone growth. In a speech, he highlighted internal ECB research suggesting that rising uncertainty could trim Eurozone business investment by -1.1% in the first year, while real GDP growth could fall by about -0.2% […]

The post ECB’s Cipollone warns trade fragmentation could severely hit global and Eurozone growth appeared first on Action Forex.

ECB Executive Board member Piero Cipollone warned today that the recent surge in trade policy uncertainty poses a material risk to Eurozone growth. In a speech, he highlighted internal ECB research suggesting that rising uncertainty could trim Eurozone business investment by -1.1% in the first year, while real GDP growth could fall by about -0.2% […]

The post ECB’s Cipollone warns trade fragmentation could severely hit global and Eurozone growth appeared first on Action Forex.

China’s NDRC allocates second batch of 81 billion yuan in ultra-long special treasury bonds for consumer trade-in programs.

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The National Development and Reform Commission of the People’s Republic of China (NDRC) is China’s State Planner.

This article was written by Eamonn Sheridan at www.forexlive.com.