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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…
Promising Vaccine Trials, Stimulus Hopes Boost Risk, Stocks,…
Summary: More promising Covid-19 vaccine trials and hopes for further government stimulus measures sparked optimism and boosted risk. Wall Street stocks rallied after drugs from AstraZenica, and a partnership between Pfizer Inc and German biotech…
Dollar Mixed, Stocks Turn Down, Covid-19 Rise Forces…
Summary: A degree of volatility returned to FX trading although the end-result was a flat finish to the Dollar Index (USD/DXY) which is a favoured gauge of the Greenback’s value against a basket of 6…
FX Stuck, Stocks Gain Ground, Defy Continued Spike…
Summary: FX markets were mostly uninterested, trading within recent ranges to closed little changed on Friday. On balance, the US Dollar was modestly lower against most of its rivals. Equities rallied in Europe and the…
Virus Resurgence Fears Lift Dollar, Belt Emerging FX,…
Summary: Risk-On turned to risk-off in both stock and FX markets on growing fears of ever-rising Covid-19 infections globally. New cases in the US rose further with large parts of the US reporting tens of…
The Battle for Risk Extends – Strong US…
Summary: A strong Payrolls report with upward revisions to last month’s data was clouded by a report that the US had its largest single-day increase in new Covid-19 cases yesterday. A total of approximately 50,600…
Dollar Dips on Upbeat Data, Vaccine Hopes; Virus…
Summary: The US Dollar edged lower against most of its rivals while stocks were mixed as Q3 kicked off. Upbeat manufacturing PMI’s recorded in China, Germany and the United States and positive test results for…
Dollar Dips in Quiet End to Q2, Stocks…
Summary: FX finished Q2 2020 with a whimper more than a bang as uncertainty loomed heading into Q3. Global economic data released yesterday was mixed, markets choosing to celebrate a perky US Consumer Confidence report…
Unabated Global Pandemic Rise Roils Risk, Dollar Climbs,…
Summary: Breaking news from Channel News Asia this morning that China imposed a strict lockdown in Hebei province to contain a fresh Covid-19 cluster yesterday will see a choppy start to trading in Asia today.…