Tag: fx

Pound extends gains on Brexit noise

  Investors take Brexit comments positively The pound rallied to the highest level in nearly two weeks during the Asian session amid slightly more positive sentiment on a Brexit deal. Dow Jones reported that unnamed diplomats had said the gaps on the Ireland border issue had been narrowed, though still with differences, and were predicting […]

Live FX Analysis – 25 September 2018 (Video)

In this week’s FX webinar, Senior Market Analyst Craig Erlam discusses the upcoming Federal Reserve meeting and provides and update on Brexit and trade wars. Craig also gives his live analysis on EURUSD (12:04), GBPUSD (17:23), EURGBP (22:05), AUDUSD (24:38), USDCAD (27:24), GBPCAD (28:30), NZDUSD (29:54), USDJPY (30:47), GBPJPY (32:31) and EURJPY (34:25). WTI Lower […]

OANDA Trading Podcast : BFM 89.9 Kuala Lumpur

  Stephen Innes, Head of Trading in Asia-Pacific at Singapore-based OANDA, discusses the escalation in the trade dispute between China and the US, examining the economic and fiscal permutations of deteriorating global conditions, as well as the policy and non-policy weapons at China’s disposal. Innes also discusses China manufacturing data and the upcoming FOMC meeting […]

Oil pushes higher; Equities sag

Asian equity markets struggled to follow through on the positive close on Wall Street with most major indices in the red. The Nikkei225 slid 0.75%, Hang Seng 0.27% and China shares eased off 0.24%. There was a marginal bid tone to the US dollar as US 10-year yields edged closer to 3%.   Oil extends […]

USD/JPY – Yen trading sideways, as Japanese, U.S data beats expectations

The Japanese yen is unchanged in the Tuesday session. In North American trade, the pair is trading at 111.05, down 0.03% on the day. On the release front, BoJ Core CPI edged up to 0.5%, above the estimate of 0.3%. In the U.S, manufacturing and consumer confidence data was stronger than expected. CB Consumer Confidence […]

U.S. Consumer Confidence Unexpectedly Jumps To Nearly 18-Year High

A report released by the Conference Board on Tuesday showed an unexpected improvement in U.S. consumer confidence in the month of August. The Conference Board said its consumer confidence index surged up to 133.4 in August from an upwardly revised 127.9 in July.

Is Greece technically still in a bailout program?

Greece has little to cheer despite reaching an end to its third bailout program as austerity measures will remain with the country for at least two more years, one academic told CNBC Tuesday. European and Greek politicians are in celebratory mode as Athens ended a decade of financial assistance on Monday. But, according to one […]

Market spooked on Trump’s U.S dollar comments

Tuesday August 21: Five things the markets are talking about The ‘big’ dollar has dropped for a fourth consecutive session, along with U.S Treasuries after President Trump criticized his own appointed Fed Chairman’s interest-rate hikes. Trump said he is not “thrilled” with the Fed raising interest rates, suggesting that U.S policy makers take a break […]

USD/JPY – Yen gains ground as greenback loses luster

The Japanese yen has posted losses in the Friday session. In the North American session, USD/JPY is trading at 110.45, down 0.40% on the day. On the release front, Preliminary UoM Consumer Sentiment disappointed, dropping from 97.1 to 95.3 points. This missed the forecast of 98.1 points. There are no Japanese events on the schedule. After […]

Dollar softens amid greater risk appetite

Dollar slides for a third straight day The value of the US dollar, as measured by a basket of six major currencies fell for a third consecutive day as risk appetite gained an additional foothold. Building on yesterday’s news that US and China were planning to sit down for trade negotiations later this month, action […]