Rates as of 04:00 GMT Market Recap A “risk-off” wave emanating from stock markets swept the FX market yesterday. Although the Asian day started fairly solid…
The Pound seems to be set for more losses after already having lost momentum during early trading in this week. Growing Covid-19 cases and also pressure…
Once again the Fed sets the pace, but it’s a hard act to follow. At least two other central banks (European Central Bank & Bank of…
Rates as of 04:00 GMT Market Recap After the wild gyrations in markets last week, investors seem to be burned out by the weekend. Ranges were…
Rates as of 04:00 GMT Market Recap With the US and Canada on holiday, activity was slow and most currencies little changed. There was forex trading…
The EUR/AUD is set to depreciate further if the recent support area can be broken. Yesterday’s latest GDP figures in Australia revealed that the nation’s economy…
Rates as of 04:00 GMT Market Recap It’s quite unusual nowadays to run my spreadsheet with the rates on it in the morning and find USD…
Rates as of 04:00 GMT Market Recap GBP was the best-performing currency. EUR/GBP broke through 0.90 and both hedge funds and real-money investors were buying. Why?…
Rates as of 04:00 GMT Market Recap Dollar weakness continues. EUR/USD climbed decisively over 1.19 and traded as high as 1.1966 before retreating somewhat. GBP, which…
Rates as of 04:00 GMT Market Recap Another day, another downleg in the dollar. The Empire State manufacturing index missed expectations and fell to 3.7 from…
