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…
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…
Promising Vaccine Trials, Stimulus Hopes Boost Risk, Stocks,…
Summary: More promising Covid-19 vaccine trials and hopes for further government stimulus measures sparked optimism and boosted risk. Wall Street stocks rallied after drugs from AstraZenica, and a partnership between Pfizer Inc and German biotech…
Dollar Mixed, Stocks Turn Down, Covid-19 Rise Forces…
Summary: A degree of volatility returned to FX trading although the end-result was a flat finish to the Dollar Index (USD/DXY) which is a favoured gauge of the Greenback’s value against a basket of 6…
Virus Resurgence Fears Lift Dollar, Belt Emerging FX,…
Summary: Risk-On turned to risk-off in both stock and FX markets on growing fears of ever-rising Covid-19 infections globally. New cases in the US rose further with large parts of the US reporting tens of…
The Battle for Risk Extends – Strong US…
Summary: A strong Payrolls report with upward revisions to last month’s data was clouded by a report that the US had its largest single-day increase in new Covid-19 cases yesterday. A total of approximately 50,600…
Dollar Dips in Quiet End to Q2, Stocks…
Summary: FX finished Q2 2020 with a whimper more than a bang as uncertainty loomed heading into Q3. Global economic data released yesterday was mixed, markets choosing to celebrate a perky US Consumer Confidence report…
Upbeat US Data Overcomes Virus Threat, Dollar Closes…
Summary: Markets shrugged off the growing threat of the coronavirus pandemic spread even as more than 10 million people across the globe have tested positive. A rebound in contracts to purchase previously owned homes in…