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…
Dollar Slips, Yields Fall, Stocks Pare Losses, Brighter…
Summary: A more conciliatory President Trump towards China in their ongoing trade negotiations brightened a darkening outlook. After accusing China of backtracking on previous commitments of their trade agreement, Trump said he would speak soon…
Powell Stays “Patient”, Dollar Edges Higher, Kiwi Tumbles
Summary: Federal Reserve Chair Jerome Powell chose to remain patient on policy, with no bias to hike or cut rates. Powell said that “job growth was stronger than expected while inflation has been somewhat weaker”,…
Dollar Retreats; Upbeat China Trade Boosts AUD, Risk
Summary: Upbeat Chinese exports, a less-than-expected fall in Eurozone Industrial Production, and solid US earnings boosted risk assets and weighed on the US Dollar. The Euro extended its rise to close above 1.13 (1.1303), near…
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…
Risk-On Extends, Aussie, Euro Rebound on Upbeat Data
Summary: The Aussie outperformed, gaining 0.8% to 0.7115 (0.7069), lifted by an upbeat trade surplus while the market’s risk-on stance extended. Optimism that the US and China can forge a trade agreement soon buoyed stocks…
Sterling Slides as PM May Loses Yet Again,…
Summary: Sterling slipped anew as British PM May failed for the third time to get her Brexit deal through lawmakers. Although the magnitude of the loss was less than the previous two votes, fears that…
Kiwi Nosedives on RBNZ’s Dovish Thrust, Bond Yields…
Summary: The RBNZ became the first of the G10 central banks to flag a rate cut, abandoning its neutral policy which caught traders by surprise. The Kiwi nosedived 100 pips (0.6905 to 0.6805) immediately after…
Dollar Little-Changed as Speculative Longs Await “Patient” Fed
Summary: A measure of the US Dollar’s value against a basket of foreign currencies ended little-changed amid market expectations of a “patient” and more accommodative Fed. The Dollar Index (USD/DXY) steadied to close at 96.507…