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…
Agencies finalize changes to resolution plan requirements; keeps…
The Federal Reserve Board and the Federal Deposit Insurance Corporation on Monday announced that they had finalized a rule that modifies their resolution plan requirements for large firms. The rule retains resolution plan elements in…
Dollar Dips Mildly – Dismal US Payrolls Gain…
Summary: Despite a disappointing US February Payrolls increase, just 20,000 jobs in February (versus f/c of 180,000), the Dollar ended with modest losses against its peers. Gains in Wages, an upwardly revised January Payrolls number,…
Sterling Shines as Dollar Drifts Up, Confined to…
Summary: Sterling extended its gains, boosted by increasing chances of a delay to Brexit’s March 29 deadline. The British Pound outperformed against the US Dollar and its peers in an otherwise dull trading session. GBP/USD…
Escalating Indo-Pakistan Tensions Paints Major Global Equities in…
While weaker USD helped forex market see price action with positive bias, escalating Indo-Pakistan tensions capped gains resulting in range bound action in forex market and dovish price action in major global equities. Summary: Global…
Pound targets 1.33 on Brexit Optimism
Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index…
Market Entered Corrective Rally Ahead of Powell’s Speech
Major markets saw corrective price action on profit booking post yesterday’s price rally inspired by Sino-U.S. trade optimism and investors now await Powell’s speech for short term directional cues while awaiting headlines on UK parliament…
Busy Week for Committee Hearings
The proverbial ideological battle lines were drawn in the new Congress as the hearing season was in full swing this week. The US Senate Banking Committee is the most relevant committee to traders in the…