Forex News

Market Brief: Risk Aversion Prevails

Risk aversion has crept up, weighing on all yen crosses except the USD/JPY. This means that the US dollar is the strongest currency today with all other majors also being down against the buck. The weakest currency was the Canadian dollar:   View our guide on how to interpret the FX Dashboard Doubts continue to grow …

Sterling slide flatters Corbyn and Johnson

Thin air at highs accounts for sterling fall more than Corbyn’s debate performance Labour’s Jeremy Corbyn didn’t ‘lose’ the first big TV debate of the election campaign by a big enough margin. Hence the result pretty much qualifies as a ‘draw’, according to a poll conducted and released immediately after the screening. YouGov’s snap poll …

USD/NOK: Krone finally bottomed out?

The Norwegian Krone’s dire performance over the past several months has puzzled many market watchers, who argue that the Scandinavian currency is undervalued for many reasons. After all, Norway’s solid economic performance continued in the third quarter with GDP expanding 0.7 per cent. This compares favourably against other developed economies including the Eurozone, where expansion …

Market Brief: Stocks Slump on Trade Worries (30th Time We’ve Written That Title!)

View our guide on how to interpret the FX Dashboard. A Reuters report midday suggested that the much-ballyhooed “Phase One” trade deal between the US and China may not be completed this year, driving risk assets lower across the board. Later comments from the White House that “progress is being made” stemmed the selloff, but traders …

Market Brief: HK Democracy Bill Could Set Up Cold War 2.0

View our guide on how to interpret the FX Dashboard FX Brief: Hong Kong strongly opposes the passage of the Hong Kong bill by the US house, saying it will not help ease the social unrest. The ebb and flow of FX moves were mostly dictated by the HK bill and contrasting reports over how this …

Yen Pairs Test Key Support Whilst ‘Phase One’ Sits On A Knife’s Edge

Whilst the constant stream of hot and cold trade headlines risk trade-tease fatigue among market participants (for which I am guilty as charged…) it’s possible we’re at an inflection point which could impact risk sentiment, one way or another. A phase one deal is looking less and less likely and has all but been pushed …

Market Brief: It’s still mostly about trade; meanwhile, in Brazil…

Stock market snapshot as of [19/11/2019 3:02 pm] Reduced ‘noise’ as news flow falls in step with an almost-done earnings season and looming near-end, confirm that ‘trade’ remains the key undertone for sentiment. Earlier, reports from the day before suggesting scepticism in Beijing about a broad deal being reached anytime soon were shrugged off. Instead …

USD/PLN: Will EM currencies find support from US-China trade optimism?

Although optimism over a phase-one US-China trade deal has fuelled a rally in US equities and to a lesser degree European markets, emerging markets (EM) and their currencies have lagged well behind. However, EM currencies could catch up if the world’s largest economies manage to strike a phase one trade deal eventually or optimism grows …

Market Brief: Retailers Weigh as Traders Digest Potentially Positive US-China Trade Talk

View our guide on how to interpret the FX Dashboard. A slew of midday reports suggested that the US and China were using the “near-deal” from May as a template for a Phase One trade deal. While traders are frustrated with the low pace of progress, the fact that the sides are considering rolling back tariffs …

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