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…
Yen Outperforms, Dollar Climbs Off Lows, Ends Little-Changed
Summary: The Yen outperformed, rising 0.3% against the US Dollar as fears of a global recession resurfaced. The IMF downgraded its outlook on the global economy while the Trump administration threatened tariffs on the European…
Dollar Eases, Long Bets Start to Tire, Euro,…
Summary: The Dollar eased against most of its Rivals ahead of this week’s ECB policy meeting and FOMC minutes release. Traders pared their long USD bets after the Greenback failed to gain fresh ground following…
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…
Deal or No Deal, Sterling Soars Ahead of…
Summary: The British Pound outperformed, soaring almost 2% against a lacklustre US Dollar in early Sydney ahead of a key Brexit vote later today. A likely rejection of PM May’s withdrawal plan will see a…
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,…
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…
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…