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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…
US Dollar, Stocks, Yields Rally, Mexico Tariffs Avoided
Summary: The US Dollar, stocks and bond yields gained after the US and Mexico reached a deal on immigration and trade to avoid tariffs. Mexico agreed to measures to stem the flow of Central American…
Bond Yields, Stocks Soar, Risk-On, AUD Up, Yen…
Summary: Ten-year US Bond Yields soared 9 basis points (2.50%), its biggest daily gain in almost 4 months. Rival global bond yields rose in synch. Stronger-than-expected Chinese PMI’s lifted equities on the market’s risk-on stance.…
Kiwi Nosedives on RBNZ’s Dovish Thrust, Bond Yields…
Summary: The RBNZ became the first of the G10 central banks to flag a rate cut, abandoning its neutral policy which caught traders by surprise. The Kiwi nosedived 100 pips (0.6905 to 0.6805) immediately after…
US Yields, Risk Stabilise, Dollar Rises Despite Weak…
Summary: The Dollar and risk appetite stabilised as US bond yields rebounded off lows seen yesterday. Market sentiment was hit hard late last week due to global recession fears spurred by anaemic manufacturing PMI’s from…
US 10-Year Bond Yield Drops to 2017 Lows,…
Summary: US bond yields slumped anew, the benchmark 10-year briefly falling under 2.4%, the first time since December 2017. Purchases of US Treasuries across the board saw the 2-year drop 7 basis points to 2.25%.…
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…
Pound Spikes Higher; UK Parliament Rejects No-Deal Brexit
Summary: Sterling once again took centre stage in the FX markets, soaring over 2% after the UK Parliament rejected a NO-Deal Brexit. The British Pound spiked in early Sydney to 1.3381 following its NY close…
Deal or No Deal, Sterling Soars Ahead of…
Summary: The British Pound outperformed, soaring almost 2% against a lacklustre US Dollar in early Sydney ahead of a key Brexit vote later today. A likely rejection of PM May’s withdrawal plan will see a…