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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…
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…
UK Lawmakers Reject May’s Brexit Plan Again, Pound…
Summary: Sterling slid in volatile trade as the UK Lawmakers rejected PM May’s Brexit plan for the second time. While the margin of NO’s was less than the first vote, Parliament will now vote on…
Dollar Recovers “Somewhat” on Better US Q4 GDP,…
Summary: The Dollar Index (USD/DXY), a measure of the value of the US Dollar relative to a basket of foreign currencies, recovered from a 3-week low following a better-than-forecast USQ4 Advance GDP reading. USD/DXY was…
Slip-Sliding Away, Dollar Drops for Third Day Running,…
Summary: The US Dollar headed for a third day of losses weighed by lower bond yields and a stronger performance from all it’s Rivals. The yield on the US 10-year bond slipped to 2.638% from…
Pound, Euro Post Modest Gains in Quiet, Holiday…
Summary: Sterling and the Euro finished with modest gains in quiet holiday affected trade. With US markets absent for the President’s Day holiday, trading volumes were low. Sterling extended its rally from last week’s lows,…
Many Headlines, Little Movement – Dollar Grinds Lower…
Summary: The Dollar slipped against its Rivals on Friday after initially climbing ahead of a long US weekend to celebrate President’s Day today. The Euro took a hit to the chin, falling to 1.1234 November…
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…
Sterling Reverses Gains as Brexit Vote Fears Surface…
Summary: Sterling reversed recent gains made at the expense of a weaker Dollar and no negative Brexit headlines. With the British Parliament set to vote on Theresa May’s Brexit plan next week (15 Jan), traders…