Chinese FX Reserve Has Fallen By $95 Billion Over The Course The Past Quarter, Now What?

Chinese FX Reserve Has Fallen By $95 Billion Over The Course The Past Quarter, Now What? GBP/USD is currently trading at about 1.4530 GBP/EUR is trading at about 1.3050, as the market opens up this Monday morning. It has been a very quiet weekend, likely to be a quiet week as well, the Chinese New […]

Manufacturing Data Gives British GBP a Strong Boost

Manufacturing Data Gives British GBP a Strong Boost   Stronger than expected manufacturing PMI data allowed the British pound to stage a strong rally against its forex peers, as the reading rose from 52.1 to 52.9 to reflect a faster pace of industry growth versus expectations of a drop to 51.8.     GBPUSD recovered […]

Bank Of Japan’s Currency War Is Still Going Full Throttle…

Bank Of Japan’s Currency War Is Still Going Full Throttle… GBP/USD is currently trading at about 1.4275, GBP/EUR is trading at about 1.3160, so Sterling is a little bit lower as the European session opens. It’s quite a quiet Asian session overnight, it is the first day of the month, so we are anticipating the […]

FOMC Statement Sets Choppy US Dollar Trading

FOMC Statement Sets Choppy US Dollar Trading   The US dollar tossed and turned during the FOMC monetary policy statement, as investors reacted to various interpretations of the announcement. While the Fed kept interest rates on hold as expected, policymakers also noted that they’re keeping a close watch on global economic and financial developments, removing […]

Oil Price Slump Weighs On Higher-Yielding Currencies Today

Oil Price Slump Weighs On Higher-Yielding Currencies Today   Although Asian equities were able to chalk up some gains on Monday, European markets opened lower and allowed risk aversion to stay in the financial markets throughout the day. Crude oil resumed its slide upon testing the $32/barrel level and is currently trading below $30/barrel again, […]

London FTSE 100 And German Dax Open Higher Monday, Now What?

London FTSE 100 And German Dax Open Higher Monday, Now What? There’s a wide expectation that most European markets will open higher on Monday due to the improved investor sentiment, in response to recovery in oil price and an overnight rally in Asian stocks. The recovery in oil price comes in the heel of a […]

Bank Of Canada Holds Rates Steady As Commodity Currencies Get Hammered

Bank Of Canada Holds Rates Steady As Commodity Currencies Get Hammered    The Bank of Canada refrained from cutting interest rates in their monetary policy statement this week, triggering a relief rally for the Canadian dollar during the US session. USDCAD capped off its long winning streak and retreated to the 1.4450 levels while CADJPY […]

Do Chinese GDP Numbers Means Its Time To Take Some Risks In Oil?

  Do Chinese GDP Numbers Means Its Time To Take Some Risks In Oil?   Risk appetite rebounded towards the end of the Asian trading session, even though data from China came in slightly weaker than expected. The economy expanded by 6.8% in Q4 versus expectations of 6.9% growth, which meant that the world’s second […]

Iranian Oil Comes Online And Crude Futures Take A Frosty Trading Turn

Iranian Oil Comes Online And Crude Futures Take A Frosty Trading Turn The week started in a bad mood for the markets. Shares in Asia slump to their lowest levels since 2011 on Monday in and around not too good economic data from the U.S., along with huge drops in oil prices that has driven […]

USDCAD Soars To Fresh Highs On Higher Oil Stockpiles

USDCAD Soars To Fresh Highs On Higher Oil Stockpiles   Crude oil was unstoppable in its tumble even as the latest US inventories report indicated a marginal increase of 0.2 million barrels versus the projected 1.9 million rise. WTI crude oil is still looking weak around $30.25/barrel while Brent crude oil actually fell below $30/barrel. […]