Forex News

  Unemployment lowest since 2012 While the headline number of jobs Australia added in September was a disappointment, it was the details and the accompanying unemployment data that stirred Aussie bulls. Australia added a mere 5,600 jobs last month, the least in two months, but the breakdown showed that 20,300…

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Daily Markets Broadcast   2018-10-18 Wall Street lower as US yields rise post-FOMC minutes US indices consolidated the previous day’s strong gains with a mild retracement. Minutes of the last FOMC minutes showed a hawkish bias, which pushed US yields back up and put pressure on stocks. Weaker oil prices…

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The Yuan USD bullish sentiment post FOMC minutes outweighs Treasury to report the CNH playbook remains intact and should not provide any is a significant short-term relief for local EM currencies. High US bond yields and a rebounding US dollar continue to pose substantial headwinds. The Yuan fix came in…

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Risk Aversion Lingers It was a shaky day for US equities, but the broader indexes did manage to claw back from the depths of despair but still ended the day slightly lower only 24 hours after the most substantial gains in 6 months and reminding us just how fragile investor…

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Currencies  Currency markets have been relatively quiet in Asia ahead of the US Treasury FX report an no doubt markets will be eager to view the FOMC minutes where there is a considerable risk for a hawkish lean. Even more so after the subtly hawkish warm-up ahead of tonight’s FOMC…

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Fed minutes in focus as markets rebound following sell-off US futures are trading slightly in the red on Wednesday, paring gains from the previous day as risk appetite continues to improve. A decent rebound in the US on Tuesday on the back of strong earnings numbers has gone some way…

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EUR/USD is steady in the Wednesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7, well below the estimate of -12.3 points. Eurozone ZEW Economic Sentiment…

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May heads to Brussels as no deal preparations continue Risk appetite appears to be gradually returning to markets following strong earnings-driven gains in the US overnight as attention now shifts to Brussels were Brexit talks will continue. All eyes in Europe will be on the EU summit over the next…

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A public holiday in Hong Kong ensured that today’s Asia session was a slow and steady one. Equity markets mostly took their cues from the strong Wall Street close, while the US dollar held near two-week lows, though it looks set for its second weekly decline in a row. In…

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Asia market update: Focus on Yuan   Surprising busy start even with the absence of Hong Kong in the mix The hawkish warm-up ahead of tonight’s FOMC minutes delivered by San Francisco’s new President Daly is creating some noise today after she said late in the NY session she does…

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