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…
Euro Soars, Risk-On Gathers Steam on Upbeat Economic…
Summary: Upbeat economic data from better-than-forecast Services PMI’s (China, Europe, and the U.S), and a smaller than expected drop in US private payrolls (ADP) boosted the market’s risk-on mode. Equities outperformed FX with Wall Street…
Dollar Falls on Dismal Data and No New…
Summary: The Dollar fell against its rivals weighed by dismal US economic data while risk appetite steadied after a speech by President Trump on China saw no mention of new tariffs. The Euro led the…
Dollar Pares Drop, Risk Sours, Trump to Hold…
Summary: Ongoing tensions between the US and China after an announcement late in the NY session that President Trump would hold a news conference today pertaining to latest developments surrounding Hong Kong and America’s relationship…
Dollar Mixed, US-China Tensions Rise Amid Stimulus, Recovery…
Summary: The Dollar ended mixed against its rivals as US-China tensions rose amid a EUR 750 billion EU Commission recovery fund proposal. A war of words ensued between Chinese and US officials. China’s Global Times…
Risk Appetite Up, Dollar Down, AUD, EMFX Outperform,…
Summary: Risk-on, Dollar off. It’s a pattern that is now becoming familiar. Markets embraced global economic repopenings and a concerted push to find a Covid-19 vaccine while shrugging aside ongoing US-China tensions, for now. The…
FX Featureless in Slow Holiday Trade, Euro Steadies…
Summary: FX was featureless in thin trade despite many potential catalysts across the globe, due to twin holidays in the UK and US, where the largest global trading centres reside. The Dollar Index (USD/DXY), a…
Dismal UK Sales Data Hits Pound; China-US Woes…
Summary: Hongkong became the focus of further tensions after China unveiled a plan to take a stronger stance on antigovernment protests in the territory. On Friday, President Trump said that Washington would address the issue…
Dollar Weakens as Fed Pledges to Keep Interest…
Summary: The Dollar weakened against all its rivals after last month’s Fed meeting minutes revealed that policymakers re-upped a pledge to keep interest rates near zero. Officials agreed that a recovery in the US economy…