Market News

The dollar rose to a four-day high against the yen after Chinese President Xi Jinping promised to cut import tariffs.

The dollar dipped to a 2-week low after Chinese President Xi Jinping eased concerns about a trade conflict.

Hawkish comments from ECB’s Nowotny and BOE’s McCafferty respectively gave the euro and the pound a nice boost. The Greenback, meanwhile, ended up at the bottom of the forex heap.

GBP hit a 2-week high as risk appetite and a top policymaker’s comment that the Bank of England shouldn’t delay a rate hike.

Global equities rallied as Chinese President Xi Jinping’s promise to cut tariffs eased investor concerns.

Xi Jinping promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the U.S.

Plot twist! Instead of fighting fury with fire, China’s Xi Jinping preached an “open” Chinese economy and lower tariffs for products including autos. Risk-taking ensued.

Oil rose for a second day on hopes a trade dispute between the U.S. and China may be resolved without greater damage to the global economy.

The Greenback was off to a weak start as market watchers awaited a fresh round of trade jabs between the U.S. and China. Even so, the Loonie and the Kiwi managed to rake in gains.

The Dollar fell on worries of a trade conflict between the U.S. & China, and as the euro rose following comments from ECB President Draghi.

Oil prices rose more than 2% on Monday as concerns of a trade war between the United States and China eased.

The dollar slipped against a basket of currencies on Monday, on persistent worries about a potential trade conflict between the United States and China.

Mexico’s economy minister on Monday said he saw an 80 percent chance of a new NAFTA deal by the first week of May.

All the comdolls took a beating when word got around that China is mulling about the possibility of devaluing the yuan as a tool in trade negotiations. And among the comdolls, it was the Aussie that took the brunt of it.

European shares rose in early deals on Monday as hopes that a full blown trade war between the United States and China could be averted spread across markets.

The dollar rose against its rivals on Monday, extending a two-week run, as investors unwound some short dollar bets.

The British pound rose against a mostly firmer dollar on Monday and was on track for a third consecutive day of gains.

Start your trading prep with a quick review of last week’s forex action from my buddy Pip Diddy, an overview of catalysts lined up for the major currencies, and the charts to watch this week.

Trade war fears kept dollar bulls away, but risk-taking eventually kept it afloat by the end of the week. Will this week’s catalysts give it a more uniform price action?

Oil and trade updates pulled the Loonie in both directions, but the bulls eventually won out to push the comdoll to its third winning week last week. Will it go for four this week?