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…
Dollar Little-Changed as Speculative Longs Await “Patient” Fed
Summary: A measure of the US Dollar’s value against a basket of foreign currencies ended little-changed amid market expectations of a “patient” and more accommodative Fed. The Dollar Index (USD/DXY) steadied to close at 96.507…
European Equities & British Pound Declines on Dovish…
Equities and forex market saw positive price action at start of the day on bullish momentum influenced by overnight Brexit related headlines. But UK AG Geoffrey Cox’s comments influenced a fresh dovish wave resulting in…
Pound Outperforms, Bets Build on Soft Brexit, Dollar…
Summary: The British Pound outperformed, rising to 2-month highs as bets increased for a soft-Brexit. Although many options remain, May’s survival removed some political uncertainty for now. Elsewhere, the Wall Street Journal reported that US…
BrNexit, May Survives Yet Again, Pound Little-Changed
Summary: Theresa May narrowly survived a no-confidence vote, only just. Following her crushing loss, the British PM won by 19 votes (325-306) to fight another day. She now has until the end of January 21…
May’s Brexit Deal Routed, Pound Plummets Then Soars
Summary: The British Pound plummeted 1.5% to 1.2667 after Parliament defeated PM May’s Brexit plan 432-202 votes. The loss was the worst in UK history. In true “Cable” fashion, the British currency soared to 1.2880…
Caution Ahead of Brexit Update Limits Market Gains
While stimulus from China to boost its economy brought in fresh wave of bullish momentum, caution surrounding brexit outcome in UK parliament limited gains. Summary: Equity and forex instruments are trading positive across all key…