Forex News

Market Brief: US Dumps All Its Data Ahead of Thanksgiving Holiday

View our guide on how to interpret the FX Dashboard. *Note that there will not be a US version of the Market Brief on Thursday or Friday due to the Thanksgiving holiday.* US data: The first revision of Q3 GDP data came in at +2.1% vs. +1.9% eyed. Durable Goods Orders (Oct) rose +0.6% m/m, beating …

Market Brief Asia: JPY Retains Its Bid After Trump Signs HK Bill

View our guide on how to interpret the FX Dashboard FX Brief: Risk appetite took a bump early on when President Trump signed the Hong Kong Bill. Whilst they vowed to retaliate, that their Foreign Minister said they’ll take firm counter measure IF the US continues in this way suggests the signed bill may not be …

Trump Bumps Risk Appetite By Signing Hong Kong Bill

Well, Trump finally did it (no, not the Putinesque image of himself as a boxer) – he signed the Hong Kong Treaty after UK markets closed, sending risk appetite into a tailspin. As always, his timing raises questions, given the US markets had closed ahead of tomorrow’s Thanksgiving public holiday. But then I guess this …

Market Brief: Trade Fatigue

Market update at 11:45 GMT: In FX, USD was the strongest and GBP the weakest in a lacklustre session. European stock indices and US index futures were mostly lower, with the exception of the FTSE which was supported by a weaker pound. Gold and silver rebounded as benchmark government bond yields edged lower. Bitcoin fell …

Sterling practices its Christmas wobble

Whatever the polls say, the pound will soon be under pressure The pound continues to react to a downtick in Conservative support ahead of next month’s general election. An ICM/Reuters poll out on Monday put the Conservatives at 41%, Labour on 34% and the Lib Dems at 13%. The Brexit Party notched 4%. That compares …

USD/BRL Breaking Out

Back on October 21st, we took a look at the Chilean Peso and the Brazilian Real.  We discussed how the protests in Chile were causing USD/CLP to move higher and how other US Dollar/Emerging Market currencies were moving higher as well.  One EM currency pair in particular was the USD/BRL,  which was forming a cup …

Riksbank on Hold for Now, but is Looking for Reasons to Raise Rates

Last week, Riksbank Governor Stefan Ingves told Bloomberg that the low interest-rate environment is adding to “increased risk taking” and therefore poses a threat to financial stability.   A big part of the problem, he added,  is global financial conditions.   Earlier today, Sweden’s PPI (MoM) for October was released at 0.4% vs 0.2% forecast.  Riksbank’s Skingsley …

Market Brief: Deluge of US Data Drives Indices to Fresh Records

View our guide on how to interpret the FX Dashboard. Trade rhetoric was once again front and center, with China expressing optimism and noting that the ball is in the US’s court. For its part, the White House noted that the two sides are “really close” (indeed, in the “final throes”) but “sticking points” remain. OPEC …

Market Brief: AUD Lower On Dovish Westpac Call

View our guide on how to interpret the FX Dashboard FX Brief: Continuing yesterday’s trend, it was mostly a quiet session for FX in Asia due to lack of economic data and general news flow. Until Westpac forecast RBA to cut 2x and begin QE by June 2020. This follows on from Dr Lowe’s speech yesterday …

1 2 39 40 41 42 43 92 93