Dollar is currently trading as the strongest one for the week, followed by Yen. On the other hand, Euro and Swiss Franc are both the weakest ones for now. Overall sentiments in the market are mildly risk averse but there is no committed move. Oil price was given a lift overnight after US President D
While Fed’s QE infinity gave no apparent boost to US stocks, Asian markets are responding rather positively. Strong gains are seen in major indices. Dollar has turned broadly weak, followed by Swiss Franc, Yen and Euro. Australian Dollar is leading commodity currencies higher. Gold also ride on gree
USD/JPY accelerates the latest run-up, nears the highest in three weeks.
Japan’s National Consumer Price Index came in below expectations, BOJ minutes favors further easing.
Coronavirus continues to spread, ECB announced a huge package, the US bill awaited.
Following the latest downbeat catalysts f
Fed’s all-in easing, together with RBNZ and BoJ stimulus, provide no apparent support to market sentiment. Number of coronavirus cases continued to skyrocket, breaking 170,000 level today. More importantly, deaths totals hit 6,680. Selloff intensifies in European session with FTSE, DAX and CAC break
A quick Q&A on the economics of the coronavirus
What a trader wants is the right side of a new trend. It is not necessary to pick the turning point
Remember. If you get 50% of any move you have done your job.
Has a basic assumption changed to enable a new trend?
In the current case the basic ass
Reuters reports that Australia's central bank already viewed the spread of coronavirus as an "unprecedented" event at its policy meeting this month, and the worsening crisis has since prompted emergency liquidity injections and the promise of yet more easing:
Minutes of the March 3 meeting showed t
Gold prices remain mildly positive near the four-day high.
After RBA and the Fed, HKMA joined the league to cut the benchmark rates, World Bank announces immediate support.
Fed’s Evans tries to placate traders, expectations of PBOC’s OMO weigh on trade sentiment.
Gold prices remain 0.52% up to $1,6
Yen continues to draw bids amid risk-off tone in the equities.
March Fed rate cut is now baked in and is likely adding to bearish pressures around USD/JPY.
The downside in USD/JPY is gathering pace with markets pricing Fed rate cut in March amid coronavirus-led risk aversion in the financial marke
AUD/USD last week eroded the 2018-2020 support line at 0.6657.
AUD/USD has made the lowest low in a decade and following an 8-year run to the downside, it could be time for a healthy correction.
AUD/USD's momentum divergence with the price is compelling.
The last divergence seen as this was at the s
Democratic polls trends remain on track for no candidate to have over 50% of the delegates by the convention.
According to Nate Silver's 538 Estimate, Bernie Sanders in in the lead nationally with a 22.7% share in national polls.
Three active candidates have over 15% of the vote.
China's consumer prices increased at a steady pace in December and producer prices continued to fall, but at a slower rate, official data revealed Thursday.
Consumer prices advanced 4.5 percent year-on-year in December, the same rate as seen in November, the National Bureau of Statistics said.
Daily Pivots: (S1) 0.9676; (P) 0.9705; (R1) 0.9740;
Intraday bias in USD/CHF remains neutral for consolidation above 0.9646. Further decline is in favor as long as 0.9770 support turned resistance holds. Break of 0.9646 will target 0.9541. Nevertheless, on the upside, break of 0.9770 will indicate s
Reserve Bank of Australia head Philip Lowe is speaking today, 24 September 2019
topic is "An Economic Update"
RBA Governor Lowe to speak Tuesday, London time
RBA Governor Lowe speaking Tuesday - will he try to water down expectations for an October rate cut?
Snippet via NAB:
Dovish comments from the Fed’s Williams helped US indices rebound from early losses, with solid economic data also helping. The US shot down an Iranian drone in the Straits of Hormuz while UK parliament voted for a Brexit amendment that would make it more difficult for the PM to force through a no-d
The New Zealand dollar is leading the way once again
The more steady inflation data earlier is helping to give the kiwi a bit of a lift but I would also argue that buyers are also looking poised in trying to break above key daily resistance levels - similar to yesterday.
And that's helping to see