TRENDING:

XAU/USD

EUR/USD

China Q1 GDP steadies at 6.8 percent y/y, beats estimates

FXStreet Team FXStreet

China's YoY GDP figures for the first quarter of 2018 came in at +6.8% vs +6.7% exp and 6.8% previous, with the QoQ reading for Q1 coming in at +1.4% vs +1.5% exp and +163% last.

With regards to retail sales YoY, the number was in +10.1% vs 9.9% exp and 9.7% last, with industrial output YoY at 6.0% and 6.2% exp and 7.2% last. Meanwhile, urban investment YoY stood at +7.5% vs 7.6% expected and 7.9% last.

The mixed data appears to have a negative impact on the Australian Dollar, pushing the AUD/USD pair lower to print daily lows of 0.7770, with AUD/JPY making headways towards the 83 handle.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold slips back to six-day lows, targets $4,100

Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.

China Q1 GDP steadies at 6.8 percent y/y, beats estimates

Broker Reviews

Editor's Picks