Tokyo opening news digest
|Gold prices have rallied in recent weeks as Federal Reserve interest rate cut expectations have been aggressively dragged forward. But if the FOMC doesn’t confirm the market consensus that the Fed cut cycle is about to begin, gold prices may have difficult continuing higher in the short-term.|
|The UK Times recently released a news report quoting the British Health Minister and one of the earlier candidates (who left the race off-late) Matt Hancock.|
|With fewer catalysts to dominate than the global trade pessimism, the AUD/USD pair takes the rounds near 0.6870 during the early Asian session on Monday.|
|Having witnessed heavy downpour during last-week, the NZD/USD pair trades modestly flat near 0.6500 at the start of Monday’s Asian session.|
|India retaliate against the US President Donald Trump’s withdrawal of the Generalised System of Preferences (GSP) program.|
|Reuters came out with a news report on Sunday quoting Saudi Energy Minister Khalid al-Falih.|
|ECB Vice President Luis de Guindos was quoted by Reuters on Saturday mentioning that needs to push the central bank further towards easing.|
|Reuters quoted Iran’s semi-official Tasnim news agency report mentioning that Iran will announce moves on Monday to scale back compliance with nuclear deal.|
|Chinese newsletter recently spotted social media updates form a state media handle playing down chances of any fruitful results of G20 meeting.|
Q: How do you know when the economy is getting worse?
A: People start standing behind George W Bush just to get the free shoes!
Image courtesy: www.forexfactory.com
Have a nice trading!