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The greenback regained traction in New York and rallied across the board on Wednesday as the Federal Reserve hinted that it would consider changing its monetary policy in order to stick to aggressive monetary policy for far longer than previously expected.      Reuters reported Federal Reserve polic

Here is what you need to know on Friday, August 7: Trump's executive order against TikTok and WeChat has dampened the market mood and strengthened the dollar. Fiscal stimulus have made limited progress and investors are now focused on July Non-Farm Payrolls, which carries high uncertainty amid the r

AU Trade Balance misses. RBA stays pat. Nikkei 1.70% Dax -0.26%. UST 10Y 0.54. Oil $40. Gold $1974/oz. BTCUSD $11250. Asia and the EU RBA keeps rates steady. North America No Data. Equities were lower in early European dealing with stock index futures sliding by 25 basis points on slightly risk-off

Photo: Business Insider Virtu Financial, Inc. announced earlier today in New York that it has launched a new analytics product dedicated to foreign exchange (forex) algorithmic execution, as part of the continued expansion of its global Transaction Cost Analytics (TCA) offering. The provider of gl

Photo: Photo: Bloomberg The Shanghai police have made more than 150 arrests from 4 illegal foreign exchange (forex) margin trading groups operating across 12 Chinese provinces and cities. As reported by the local news agency CCTV.com, the police were investigating the illegal forex market activiti

Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July. In the meantime,

The euro rallied to an eighteen-month high as traders reacted to the €750 billion deal reached yesterday. The deal, which came after four days of intense negotiations, will help provide immediate relief to countries like Italy and Spain that have been affected significantly by the pandemic. It will

Non-oil domestic exports (NODX) in Singapore were up a seasonally adjusted 0.5 percent on month in June, Statistics Singapore said on Friday - coming in at SGD14.2 billion. That follows the 4.6 percent decline in May. On a yearly basis, NODX jumped 16.1 percent after sinking 4.6 percent in the previ

DXY is accelerating the correction lower to sub-97.00 levels. Further south emerges the mid-June lows in the 96.40 region. DXY is down for the fourth session in a row so far on Thursday on the back of the better mood in the risk appetite trends. If the selling pressure gathers traction it is expect

AUD - Australian Dollar The Australian dollar was the greatest beneficiary of renewed risk appetite overnight, as US equity markets were buoyed by the FOMC’s dovish monetary policy statement. The AUD has round-tripped from 0.6980 to touch 11-month highs of 0.7063 before retreating into this mornings

USD/JPY recedes from 108.77, highest since April 09, 2020. Trading sentiment fades optimism amid mixed news concerning the coronavirus (COVID-19), fears of US civil unrest. A light calendar in Japan will give high importance to qualitative catalysts for fresh impulse. USD/JPY eases from 23-day high

NZD/USD drops recently, snaps two-day winning streak. Downbeat prints of New Zealand Electronic Card Retail Sales, increasing odds of RBNZ’s further QE weigh off-late. A confluence of the three-day-old rising trend line, 61.8% Fibonacci retracement limit immediate downside. NZD/USD trades near 0.61