Asia Forex News Wrap: During the Asian session, forex volatility and ranges have fallen, but the dollar has largely kept its gains. USD/JPY rose slightly to just over 109.70. (its not far from there as I post). The USD/CHF pair…
Continue ReadingEuropean 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 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 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 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,…
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