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…
Fears Rise on Covid-19 Resurgence, China-US Tensions, Dollar…
Summary: There was no let-down in the recent spike in global Covid-19 Corona Virus cases and deaths which kept markets in risk-off mode. The Dollar Index (USD/DXY), a favoured gauge of the Greenback’s value against…
Dollar Up; Covid-19 Spread Spurs the Long and…
Summary: The US Dollar extended its gains as concerns of a rise in new Covid-19 cases globally and mixed US economic data drove demand for the Greenback. While Beijing claimed it was in control of…
Fed Bazookas Covid-19 with More Bond Buying; Risk…
Summary: The US Federal Reserve announced that it would buy a diversified and broad portfolio of corporate bonds to shore up liquidity. Which saw a rebound in risk assets and currencies which were weakening due…
Dollar Extends Climb, Off Highs; Risk-Off, Fears of…
Summary: Fears of a second wave of the coronavirus swept markets after weekend reports of a fresh outbreak in Beijing, China amidst the reopening of many global economies. Beijing shut down its biggest fruit and…
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…
Dealing with extreme uncertainty
A risk management approach helps the Bank navigate economic and political uncertainty, Stephen S. Poloz explained in a lecture that capped off his time as Governor. He also talked about how risk management applies during…
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…
Euro’s Loss is Dollar’s Gain; AUD Lifts, RBA…
Summary: The Euro slumped 0.61% to 1.0837 (1.0902) after Germany’s Constitutional Court ruled that the Bundesbank should stop buying government bonds if the ECB cannot prove that the purchases are needed. This propelled the Dollar…