Markets: The quarter concluded with a touch of excitement as the US dollar surged, recovering earlier losses experienced during European and Asian trading sessions. In certain instances, it even reached new peak levels. Notably, the USD/CAD currency pair demonstrated remarkable strength, largely driven by a reversal in oil prices, which ultimately resulted in a flat…
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0740 GMT, 0340 US Eastern time: Opening remarks by European Central Bank President Christine Lagarde at the joint IEA-ECB-EIB conference on “Ensuring an orderly energy transition: Europe’s competitiveness and financial stability in a period of global energy transformation” in Paris, France.
USD/CAD round trip: With yields, the USD, and the oil price dribbling back a little it was a promising day for regional equities and also ‘risk’ FX. AUD and NZD rallied, as did GBP and EUR. USD/CAD traed up to 1.3505 before dropping back to where it began the session around 1.3485. USD/JPY traded a…
Swapnil Joshi has been trading the Indian Markets since 2007. He holds a master of commerce degree. He has prior worked with leading broker Sharekhan Ltd in the fields of trading and risk management. He quit his job in 2012 to become a full time professional trader after joining Online Trading Academy. Within two years…
Forex news for Asian trading on Sep 24, 2023 Markets: The beginning of the new week has seen a cautious shift towards risk aversion, which has intensified in the last hour. The AUD/USD currency pair has experienced a decline, dropping from an early level of 0.6446 to 0.6427. This decline is attributed to concerns regarding…
After a busy week dominated by crucial Central Bank decisions, the upcoming week appears poised for a more subdued economic events calendar. The FX market could see its dynamics influenced by month-end rebalancing activities. On Tuesday, key highlights include the release of Japan’s BoJ Core CPI year-on-year data, as well as the unveiling of the…
The strongest to weakest of the major currencies At the close of the day, the performance of the U.S. Dollar (USD) was a mixed bag, posting gains against the Japanese Yen (JPY) (+0.55%) and the British Pound (GBP) (+0.45%), as well as against the Swiss Franc (CHF) and the Euro (EUR). However, it experienced losses…
