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…
USD/CAD to 1.32 by Q4 2026: the BoC-pause…
USD/CAD reaches 1.3200 by December 31, 2026 in the base case, 1.3050 in the bull case (for the Canadian dollar), and 1.4050 in the bear case. The base case rests on a narrowing Federal Reserve–Bank…
Dollar Stumbles, Gold Jumps to Nine Year Highs,…
Summary: The Dollar stumbled, hitting 2-week lows as Gold jumped to highs not seen since 2011 (USD 1,818.). The yellow metal continued its grind higher as interest rates remain low in the current monetary expansion.…
Risk Shaky, US Covid-19 Infections See Record Rise,…
Summary: The battle for risk continued with markets finishing on a cautious note as the number of new coronavirus cases around the world grew. In the United States, new Covid-19 infections hit 37,000 which is…
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…