Jiming Huang / Blog
The FX market continues to be driven by the Italian and Spanish political developments; however, the risk-off sentiment has eased somewhat as investors take a step back to re-evaluate the situation. EUR/USD is up 0.50% this morning as it climbed back towards 1.16 after having reached 1...
With participants on the long weekend, liquidity in the FX markets remains low. Hence volatile news flow continues to drive pricing. In reaction to signs that the US-North Korea summit would move forward Asian currency gained across the board...
The market greeted Sergio Mattarella’s decision to reject euro-sceptic Paolo Savona as Finance Minister. After falling as much as 0.65% last Friday, the single currency bounced back on Monday morning and reached 1.1728, up 0.55% on the session...
The US Federal Open Market Committee 12-13 June meeting will be critical. Not only will there be a decision on policy strategy, but Summary of Economic Projections and a press conference by Fed Chair Powell...
Volatility in EM FX continues to fuel speculation of a wider risk unwind. This time its events in Turkey, which are driving traders into safe-haven trades...
The Swiss franc took a big hit on Wednesday afternoon after Sergio Mattarella names Giuseppe Conte as Prime Minister as USD/CHF rose more than 0.6% to 0.9978. Similarly, EUR/CHF climbed from 1.1581 to 1.1660, up 0.68...
JPY continues to gain on risk aversion trading. UISDJPY has fallen sharply to 109.90 from 110.95 on persistence selling pressure...
The greenback rose across the board on Wednesday morning amid general increase in nervousness to Italy’s future government. The dollar index surged to 93.975, up 0.35% on the day, as the euro dipped to 1.1711 (-0.57%), the pound sterling slid to 1.3385 (-0.35%), while the loonie gave up 0...
Weak rally... but hodling. BY Peter Rosenstreich • Bitcoin bearish pattern started in March 2018 is maintained but slight buying pressure has entered. The pair is contained between strong...