European FX news roundup: The RBA's August policy decision was featured towards the tail end of Asia Pacific trade, and the central bank shocked by sticking to its tapering plan despite concerns over the spread of the virus…
Continue ReadingCurrencies are quiet, but risk appetite is high. It was a calm session as a typical summer's day cast its shadow over European morning trade, with major currencies showing minimal movement to kick off the month of…
Continue ReadingChina PMIs fall Sentiment was boosted during the session when the US Infrastructure bill was submitted to the Senate floor on Sunday evening, US time. The draft was the outcome of lengthy bipartisan negotiations and will now be amended.…
Continue ReadingGold fails to hold its July high Even though rates fell another 3 basis points today, the $1834 resistance level and some mild US dollar purchasing signaled difficulties for gold today. Technically, that's a basic setup,…
Continue ReadingThe dollar remains stable, while risk remains on the lower side. Despite more protective risk tones early on, the market remained reasonably calm throughout the session, as tech stocks were affected by additional negative sentiment from…
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