Is a US-China trade war truce imminent? 5 things to know
Top U.S. economic officials are set to meet Chinese counterparts in Switzerland to discuss the tariff war that has roiled…
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating…
Difficult situation for Asian countries outside China -Prophet Forecast Report
It was probably only a matter of time before reports began to emerge that Chinese companies were trying to reroute…
USD/CNH: Illiquid Break Below 200DMA Faces Reality Check as China Returns
Summary An abrupt strengthening in the offshore traded Chinese yuan that saw it break several key technical levels in illiquid…
Taiwan dollar’s record rally is a trade-war tremor
An unprecedented two-day surge in Taiwan’s currency is the latest leg of a scramble out of the U.S. dollar and…
USD/CNH slips below March lows, downtrend resumes – Prophet Forecast Analysis
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the…
China urges UK and EU to uphold multilateral trade in face of US tariffs
Chinese Foreign Minister Wang Yi urged Britain and the European Union on Tuesday to safeguard multilateral trading systems, as Beijing…
China and EU should oppose unilateral bullying
Chinese President Xi Jinping said on Tuesday that “China and the European Union (EU) should oppose unilateral bullying.” Additional comments
U.S. dollar falls amid speculation over possible revalution of Taiwan counterpart
The Taiwan dollar raced to its strongest level in almost three years on Monday, extending a multi-day run of gains,…
Prophet Forecast Report – May forex seasonal: It’s not time to sell the US dollar just yet
It’s the May Day holiday in much of the world today and it’s generally a great month for workers getting…