Asian stock markets, led by Hong Kong, are notably higher on Monday following the mostly positive cues from Wall Street Friday on relief that U.S. President Donald Trump did not announce new tariffs or a withdrawal from the phase one trade agreement with China. In addition, official data released ov
The dollar and yen have weakened, mostly against the commodity and other currencies with higher beta characteristics. This has come amid rallying stock markets, which are pricing-in a reopening of major economies from virus-containing lockdowns, overlooking dismal data (such as a 6% plunge in Japane
New Zealand’s (NZ) Treasury is out with its monthly economic indicators report, with the key takeaways found below.
Domestic data from January signaled a pickup in momentum with ANZ's Heavy Traffic Index and BusinessNZ sentiment indicators showing large gains. However, the COVID-19 outbreak is weig
AUD/USD stays mildly negative following Aussie data.
Bearish MACD, a sustained trading below the key upside barrier keep sellers hopeful.
The recent candlestick formations portray the bears’ exhaustion.
AUD/USD takes rounds to 0.6600 following the release of a second-tier data from Australia during
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.6602; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6625 and then resume moving downwards to reach 0.6520. Anothe
Dollar is trading with a mildly firm tone in Asian session today, riding on solid data from US released overnight. But there is no clear committed buying seen yet. Meanwhile, Australian and Canadian Dollars both turned weaker but New Zealand Dollar is trading higher broadly. Over the week, Yen is th
Dollar may head lower this week with some of the Fed's more dovish members to speak. Bullard, Evans, Kashkari and Clarida are all scheduled to speak. The potential is that this could result in some of last week's dollar strength unwinding.
This is a snippet from HSBC, which came pretty quickly after the Federal Open Market Committee announcement
Just catching up on it ...
FOMC decision not likely to prove a game-changer for the US dollar
USD 'remains a "high yield" play
Will likely continue to capitalize on its yield advantage
The Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against Canadian resident Simon Jousef and his business FuturesFX for an alleged foreign exchange (forex) scam.
The US regulator filed the lawsuit in the U.S. District Court for the Southern District of New York. T
Daily thread to exchange ideas and to share your thoughts
Happy Monday, everyone! Hope that all of you had a great weekend and are doing well as we begin the new trading week again. It's been a bit of a quieter start to proceedings with markets looking more calm as we gear towards more central bank
Portugal's consumer price decline slowed in August, flash data from Statistics Portugal showed on Friday.
The consumer price index fell 0.1 percent year-on-year in August, following a 0.3 percent drop in July.
The core CPI , which excludes energy and unprocessed food products components rose 0.2 per
Comments by ECB executive board member, Sabine Lautenschlaeger
Still convinced that QE is a measure of last resort
It is only to be used if there is a risk of deflation
Rate cuts is something to certainly think about before considering non-standard stimulus measures such as QE
Once again, this fee
Japanse financial giant SBI on Wednesday announced an XRP incentive program for its shareholders.
According to the Tokyo-headquartered company, shareholders with 100 or more units of SBI Holdings shares are entitled to receive 30 XRP tokens, irrespective of the number of their shareholdi