June 6, 2023

LQDFXperts Highlights 23.04.2018

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Korea switches off propaganda broadcasts while N. Korea announced halting missile and nuclear tests as they both prepare for the historic Inter-Korean summit on Friday.

Trump, Macron to face differences on Iran Nuclear Deal, trade (steel tariffs) , as French Presidents’s visit to the States begins today.

Fed’s [email protected] Pais: Trade war negative for economy.



Oil stays high. Oil prices have been supported by OPEC’s widespread production cuts, by rising demand in Asia and U.S. sanctions against Russia, Venezuela and Iran, all of them being key oil producers.

Gold Prices fell to 2-Week Lows as Stronger Dollar Weighs and renewed risk appetite reduced demand for the precious metal.

Dollar near two-week high against other six major currencies, supported by U.S. bond yields edge up.  U.S. 10-year yields climb 2 basis points to 2.973%, highest since 2014.

Volatility expected for CAD: Heads up for CDA traders as Bank of Canada’s Poloz is scheduled to testify before the House of Commons Standing Committee, which may impact the Canadian Dollar.

Euro may be pressured with ECB Meeting and its monetary policy decision. The trading-range on the EURUSD pair may start to narrow, as traders become cautious ahead of Thursday’s meeting.

Sources: Reuters, Investing.com, Bloomberg

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PLEASE NOTE The information above is not investment advice.