Forex Update: North America Open

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan’s Nikkei 225, which has been an investor favourite in the ‘great rotation’ into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. […]

Presidential debate lights up the markets

Nothing like a good old debate to get the markets going. Today we say the a battle for power in the US presidential debate and the markets are mixed on the result. firstly we see the S&P 500 futures drop by 350 points, eliminating any gains it had made after Trump mentioned the November 3 […]

The week ahead

If at the end of this week you feel like you have been 12 rounds with Mike Tyson I wouldn’t blame you. With the week of announcements we are about to have,  expect a few punches and even some knockouts with the presidential elections in the mix.  do they pack a punch. Starting things off […]

Mixed announcements bring dollar down

Higher Jobless Claims in the US overshadowed any increased hope of the Democrat in the US House of Reps $2.2 trillion coronavirus relief being voted in. The US Federal Reserve also came out with mixed messages on inflation and employment which had the markets spinning.   After a tough run this week the AUD/US has […]

AUD struggles after jobs data

Aussie jobs data came in better than expected with Australian employment increasing by +111K new jobs unemployment at +6.8%, lower the the +7.7% expected. The AUD reacted positively rallying 30 pips as speculation of further rate cuts have been quashed. But the rally was short lived as it retraced and loosing all its gains to […]

China helping in an anti dollar rally

AUD/USD Extends is run above 0.7300 on the back of the September meeting minutes and positive Chinese activity numbers. Whilst EUR/USD remains stronger due to ongoing dollar weakness. As it nears 1.19 the Euro was another currency to benefit from the data dump from China. China saw retail sales and industrial production for August come […]

NFP – All You Need to Know

August NFP result are in and boy have they impressed. The US has enjoyed another month of positive jobs data with a further in crease of 1.371 million jobs in August  and unemployment falling to 8.4%.   However low participation rate has weighed down on the positivity yet again. We have seen the participation rate […]

The Bulls take the reins

The dollar weakens to to the Feds shift allowing for a rally in the EUR/USD. Currently hovering around 1.1933 it’s eyeing some resistance at 1.1965 with support seen at 1.1880.   But there is a busy week ahead. Non Farm Payroll week and with the Federal Reserve’s will wait and see how employment number and […]

The Week Ahead

What a week it was. The markets definitely showed up to play last week but what will it have installed for us this week. Let’s start off with the Aussie dollar. After a tight week for the AUD/USD pair, trading only in an 80 pip range, how will it hold up against the dollar? With […]