OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
AUD/USD to 0.74 by Q3 2026: the RBA…
AUD/USD reaches 0.7400 by September 30, 2026 in the base case, 0.7600 in the bull case, and 0.6800 in the bear case, driven by the Reserve Bank of Australia's hawkish hold at 4.35% against a…
AUD/USD to 0.73 by year-end 2026: the RBA-Fed…
The Australian dollar (AUD/USD) reaches 0.73 by December 31, 2026 in the base case, 0.76 in the bull case, and 0.68 in the bear case, driven by a Reserve Bank of Australia (RBA) holding rates…
Fed Satisfies the Doves, Dollar Extends Losses, Euro…
Summary: The Dollar extended its broad-based losses after US Federal Reserve repeated its pledge to use “it’s full range of tools” to support the economy and warned that virus poses considerable risks to the outlook.…
Dollar Bounces Off Lows, Steadies; Spotlight on a…
Summary: The Dollar Index (USD/DXY), a useful gauge of the Greenback’s value against a basket of foreign currencies bounced off two-year lows to 93.762 (93.654 yesterday) after falling to 93.493. The Euro, which takes roughly…
Euro Soars Ahead, Yen Joins In, Ongoing US…
Summary: The Euro outperformed, hitting fresh 2-year highs (1.17813) and leading a broad-based FX rally against the US Dollar. Gold soared to a record high (USD 1,945.63), as safe-haven flows continued to divert away from…
Dollar Weakness Extends, Spreads to Yen; Covid-19 Wave…
Summary: Total Coronavirus cases in the US soared to above the 4 million mark with deaths climbing to 149,771. Preliminary factory and services output underwhelmed in the US while those of Australia, Europe and the…
EUR, CHF Extend Climb; AUD, NZD, EMS, Stocks…
Summary: Risk aversion intensified as the coronavirus spread spiralled higher amidst rising US-China tensions and signs of stalling economic progress. FX responded by purchasing European (EUR, CHF) currencies while selling those associated with risk (AUD,…
Down, But Not Out, Dollar Settles as Risk…
Summary: The battered US Dollar settled after falling to multi-month lows against some currencies (EUR, AUD, NZD, CAD). The seemingly out-of-control resurgence of the Covid-19 outbreak in the United States and improving economic prospects overseas…