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…
Upbeat Headline US Q1 GDP Fails to Boost…
Summary: The US Dollar slipped against it’s Rivals despite a climb in US Q1 Annual GDP to 3.2% (against forecasts of 2.3%). Private sector consumption slowed sharply in the first quarter of 2019. Annual Core…
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…
RBNZ: Official Cash Rate unchanged at 1.75 percent
The Official Cash Rate (OCR) remains at 1.75 percent. Given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down. Employment is near…
Pound Soars, Bites Shorts as Risks of a…
Summary: Sterling soared, breaking above 1.30 for the first time since November as big short positions ran for cover. Reports that the British Labour Party would back a proposal which would force the government to…
Dollar Little-Changed into Fed’s Last Meeting and Yields…
Summary: The Dollar finished mixed against its Rivals, little-changed ahead of the Fed’s final meeting for the year. Most traders expect the US central bank to hike the Fed Funds rate by 0.25%. However, bets…
Dollar Rallies to an 18-month High as Rivals…
[caption id="attachment_323600" align="alignleft" width="938"] Forex Factory US Federal Budget 12/17/2018[/caption] Summary: A big miss on China’s November Retail Sales and Industrial Production pushed the Aussie, Chinese Yuan,and Asian currencies lower. The Euro tumbled as…