Pound spikes higher on Brexit news; eurozone PMIs and key Canadian data coming up Here are the latest developments in global markets: FOREX:The dollar is nearly 0.3% lower against a basket of six major currencies on Friday, looking set to post a third day of declines in a row, without any fresh catalyst behind these moves. […]
Continue ReadingDollar retreats a bit as risk aversion takes a breather; ECB minutes due Here are the latest developments in global markets: FOREX:The dollar index is a little lower on Thursday (-0.12%), extending losses from yesterday that were owed to disappointing US durable goods data and reports the Fed will debate whether to pause its hiking […]
Continue ReadingDollar capitalizes on risk-off mood; euro eyes Italian budget saga Here are the latest developments in global markets: FOREX:The dollar index is somewhat lower on Wednesday (-0.17%), giving back some of the significant gains it recorded in the previous session as investors sought the safety of the world’s reserve currency. The loonie was the biggest […]
Continue ReadingDollar extends pullback; BoE’s Carney appears before parliament Here are the latest developments in global markets: FOREX:The dollar index is marginally lower on Tuesday (-0.08%), extending the losses it posted in the previous session as US bond yields declined and a disappointing NAHB index fueled speculation the US economy may have peaked. The Swiss franc […]
Continue ReadingCautious Fed commentary weighs on dollar; Brexit, Italy, Sino-US trade in focus Here are the latest developments in global markets: FOREX:The dollar is practically unchanged on Monday, licking its wounds after a considerable drop in the previous session, which came on the back of cautious commentary from Fed policymakers. The euro capitalized the most on the […]
Continue ReadingBrexit turmoil spooks sterling; Sino-US trade developments eyed Here are the latest developments in global markets: FOREX: The British pound plunged on Thursday after the UK Brexit Secretary quit in protest of the Brexit deal, and amid growing speculation PM May could soon face a leadership challenge. Meanwhile, the commodity-linked currencies – aussie, kiwi, and loonie – […]
Continue ReadingSterling stays volatile as UK Cabinet approves deal; US & UK retail sales due Here are the latest developments in global markets: FOREX: The dollar index is little changed on Thursday (+0.07%), after posting some modest losses in the previous session. The British pound traded in a particularly volatile manner amid Brexit headlines, with the UK […]
Continue ReadingPound soars on Brexit deal, eyes PM May’s cabinet meeting and inflation data Here are the latest developments in global markets: FOREX: The dollar index is lower by 0.2% on Wednesday, extending its losses from the previous session, that came mostly due to a recovery in the pound and euro. Sterling in particular soared after the […]
Continue ReadingDollar, yen bolstered amid risk aversion; UK employment data coming up Here are the latest developments in global markets: FOREX: The dollar is flat against a basket of six major currencies on Tuesday, holding on to the sizeable gains it recorded in the previous session, when it touched a fresh 17-month high. The yen was the […]
Continue ReadingPeople have been engaged in some form of trading for centuries if not millennia and over time different styles of trading have evolved around the world. In the modern world of trading the financial markets – before and after the onset of internet trading, a host of different methods have evolved. Some trade on short […]
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