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XE Market Analysis: Asia - Sep 04, 2020
The Dollar rallied on Friday after the the solid U.S. August employment report, which saw non-farm payrolls increase nearly 1.4 mln, in-line with expectations. Earnings were better than forecasts, while the unemployment rate tumbled to 8.4% from 10.2%. Wall Street continued with its correction, the
Samtrade FX Kicks off Sponsorship Deal with Cardiff City FC
Photo: FM
Samtrade FX has struck up a new two-year sponsorship deal with Cardiff City Football Club, which runs from the current 2020/2021 season.
The deal includes ‘Official Global FX Trading Partner’ status for Samtrade FX at the Championship club as well as company branding at the venue.
Foun
Futures Index Suggests Wall Street To Open Lower
The Jobless Claims for the week, Leading Indicators for July as well as other economic announcements will catch the attention of the investors on Thursday.
Markets might continue to react to the U.S. government's suspension of the extradition treaty with Hong Kong.
Worldwide COVID-19 infections
XE Market Analysis: Asia - Aug 19, 2020
The Dollar managed to stem the bleeding in N.Y. on Wednesday, and rallied modestly through the session. The DXY held above Tuesday's 27-month low of 92.13, rallying from early lows of 92.24 to 92.75 highs. There was no data to drive markets. Wall Street was modestly higher, and Apple hit a milestone
RBA Minutes: Accommodative approach as long as needed
RBA minutes show that Australia's central bank does not see a need to further ease policy.
Members noted that the downturn had not been as severe as earlier expected.
AUD tucked in below a fresh high pertaining to USD weakness but was little changed on the minutes.
Having slashed rates in an emerge
GBP/USD moves back closer to multi-month tops, around 1.3165 region post-BoE
GBP/USD edged higher and moved back closer to multi-month tops post-BoE.
The BoE left interest rates and bond-buying program unchanged, as was expected.
The offered tone surrounding the USD remained supportive of the pair’s uptick.
The GBP/USD pair added to its modest intraday gains and refreshed d
GBP/USD: Portrays the pre-Fed trading lull above 1.2900
GBP/USD recovers from an intraday low of 1.2912 while nearing the highest levels since March 11 flashed on Tuesday.
EU Lobbyist claims Brexit deal will come, Northern Ireland gets blow in post-Brexit laws of the bloc.
UK PM Johnson, Germany’s RKI head cite increasing risk of virus wave 2.0.
UK-China
Euro Power Continues While Gold Extends Record Run
The powerful rallies in Euro and Gold remain the dominate theme for today as traders seems to be focusing on the worsening US-China relations as well as second wave of coronavirus infections in the US and Asia. Swiss franc tumbles sharply, as mainly pressured by the selloff against Euro while Yen is
Pull-up Update