The trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everything

The USD/CAD pair fluctuated in a narrow band above the 1.33 mark for the majority of the day before coming under modest bearish pressure in the last hours with the rising crude oil prices allowing the commodity-related Loonie to gather strength against its rivals. After touching a session low of 1.3272, the pair erased aContinue reading “The trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everything”

Forex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget moves

The Guardian’s Brexit correspondent and senior reporter Lisa O’Carroll in the last minutes said that there was enough progress made today at the talks between Irish Prime Minister Leo Varadkar and British Prime Minister Boris Johnson to have the basis for renewed negotiations between Ireland and the United Kingdom (UK).“Progress was made in three keyContinue reading “Forex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget moves”

Third Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to decline

GBP/USD is trading above 1.2350, already some 150 pips on the day.Pat Leahy, the political editor of the Irish Times, tweeted::“So am hearing that there has been very significant movement from the British side on the customs issue in the Johnson-Varadkar talks,” Reports about major British concessions on Brexit are doing the rounds following theContinue reading “Third Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to decline”

USD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a year

It didn’t set the world alight but it seems the Bakkt futures contract picked up some decent volume yesterday.On the monthly contract, the Twitter Bakkt Volume Bot recorded that 244 contracts changed hands vs 24 the day before.Today has been better too as so far 62 contracts have been put through the ICE exchange forContinue reading “USD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a year”

US forex markets nervous as jobs data loomsUS forex markets nervous as jobs data loomsUS forex markets nervous as jobs data looms

The USD/JPY pair jumped toward 108.00 on the back of optimism regarding high-level trade talks between US and Chinese officials. Also, the las latest headlines regarding Brexit contributed to the positive tone around markets. In Wall Street, the DOW JONES is rising 0.80% while the NASDAQ climbs 0.87% as trade talks kicked off in Washington.Continue reading “US forex markets nervous as jobs data loomsUS forex markets nervous as jobs data loomsUS forex markets nervous as jobs data looms”

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