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…
Robust US Payrolls, Wages Boost Risk, Aussie, EM…
Summary: The Dollar ran out of steam following a robust US Jobs report after Jerome Powell said the Fed would take a more “patient” approach to monetary policy. Powell’s more dovish tone combined with a…
Yen, Aussie, Dollar Settle After “Flash Crash” in…
Summary: FX markets settled following yesterday’s “flash crash” on two Yen crosses during the hand-over time from New York to Sydney. The Japanese holiday exacerbated an already thin, illiquid period. Trading experience told us that…
Yen, Havens Extend Climb, Aussie Lags Amidst Trade…
Summary: After another volatile session the Dollar and stocks settled to end mostly lower. The Yen and Swiss Franc led haven currencies higher while the Aussie and Risk currencies lagged. US Treasuries rallied as yields…
Stocks Jump Following Steep Losses in Wild Session,…
Summary: “Oh, what’s going on, what’s going on?” Marvin Gaye’s 1970 lyrics entered my head as I logged into my trading platform. The S&P 500 had slumped over 2% following yesterday’s furious rally only to…
US Stocks Surge, Yields Climb, Dollar Rallies in…
Summary: The Dollar gained versus its Rivals following pre-Christmas losses lifted by surging US stocks in thin, illiquid trading conditions. Many financial centres were still closed yesterday. The S&P 500 staged a furious rally, up…
Yen Outperforms, Dollar Lower as Risk-Off Sentiment Prevails
Summary: The Yen led all currencies higher against the beleaguered US Dollar following the Fed’s 4th rate hike this year. Investors chose to focus on Jerome Powell’s post-FOMC meet speech where he highlighted “downside risks…
Fed Hikes Rates, Sees Fewer Ahead, US 10-Year…
Summary: The US Federal Reserve (Fed) raised rates by 0.25% as expected for the 4th time this year. In his press conference, Jerome Powell lowered their forecasts to two from three hikes in 2019. The Dollar…