|

News

    Homepage   >     Industry    >     Main body

    USDTWD May Rise on Jackson Hole, Taiwan Jobs Data

    Abstract:The US Dollar may rise vs TWD if Taiwan jobs data misses estimates and comments from the Jackson Hole symposium stoke recession anxiety.

      US Dollar, Jackson Hole Symposium, Taiwan New Dollar – TALKING POINTS

    •   US Dollar could rise if Jackson Hole symposium spooks markets

    •   TWD may fall if Taiwan unemployment data undershoot estimates

    •   USDTWD March 2018 upward-sloping support channel looks firm

      See our free guide to learn how to use economic news in your trading strategy!

      The US Dollar may extend gains vs TWD if Taiwan‘s unemployment rate comes in higher than the 3.72 percent forecast. USDTWD strength may also be amplified if commentary from officials at the Jackson Hole symposium stoke risk aversion and boosts demand for liquidity. In this environment, the USD’s unparalleled liquidity and position as the worlds reserve currency gives it a stark advantage relative to its peers.

      Since November 2018, the unemployment rate in Taiwan has continued to climb from approximately 3.69 to its most recent print at 3.74 percent. The median estimate has unemployment coming in at 3.72 percent. The export-oriented economy has been under pressure as US-China trade relations continue to undermine global demand and slow cross-border investment in Asia.

      As a way to mitigate the impact of slower Chinese growth on the Taiwanese economy, President Tsai Ing-Wen has been making progress in expanding trade into South and South East Asia. However, escalating trade tensions between Japan and South Korea could be another headwind for regional markets against the backdrop of a slowing global economy.

      US-China relations are also being strained amid concerns that China may sanction any company involved in the $8 billion sale of US 66 F-16V fighter jets. Escalation of tensions over this particular dispute could spill over into trade negotiations between Beijing and Washington. To stay up-to-date on critical geopolitical updates, you may follow me on Twitter @ZabelinDimitri.

      Looking ahead, USDTWD traders will be cautiously watching for key comments at the upcoming G7 summit in Biarritz, France. The main topics of discussions will be the Sino-US trade war and escalating tensions between Tehran and Washington. Brexit will also make its way on the docket as the UK edges closer to the October 31 deadline where the outcome could have a significant impact on global financial market stability.

    USDTWD Uptrend Remains Strong as Risk Aversion Fuels Demand for Liquidity

    Chart

      USDTWD chart created by TradingView

      FX TRADING RESOURCES

    •   Join a free webinar and have your trading questions answered

    •   Just getting started? See our beginners guide for FX traders

    •   Having trouble with your strategy? Heres the #1 mistake that traders make

    Latest News

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area