The market is opening European trading in a more upbeat attitude, as the recent rally in stocks has prompted more risk-on trading in FX, with commodities currencies pulling marginally ahead on the day. The previous smaller ranges are continuing to…
Continue ReadingThe EUR/USD currency pair has dropped 0.2% to a low of 1.1808. There isn't much else going on in the market right now as we count down to the announcement of US non-farm payrolls at 1230 GMT. The euro is…
Continue ReadingAs the market shifts to a more risk-on outlook, the day is off to a good start. As European trading begins, futures in the United States are also up 0.5%. Stocks make up for Friday's losses: UK FTSE 100 up…
Continue ReadingThe market took a break following the rapid and hefty changes seen yesterday, where risk trades were dumped, and it was a quiet session in terms of news. Things were calmer today, as European shares traversed some of yesterday's losses,…
Continue ReadingThe dollar is stronger, but most currencies are close together ahead of Powell's speech. The NZD is the strongest currency in the North American session, while the GBP is the weakest. With the exception of the New Zealand dollar, the…
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