FX Update – December 30 – USD Pressured

EUR, JPY & CAD, H1  The Dollar has continued to trade softer in thin markets. The narrow trade-weighted USDIndex (DXY) ebbed to a 17-day low at 96.73. The Index has racked up a near 1% loss over the last week, which has come as global stock markets rallied to fresh major-trend highs, or record highs …

Events to Look Out For Next Week

Brexit is finally getting underway and global trade talks progressing in this final weeks of 2019. Although, the risk around these events has been trimmed, ample uncertainties remain, leaving scope to further whipsaw markets into the new year. Holiday-thinned staffing in Europe, Asia and the US in the middle of the week ahead will severely …

Politics & Trade News spice up narrow ranges

USDJPY, H1 Politics remain front and centre today. 3 significant events in an otherwise light US data day. The House has announced 2 articles of impeachment against President Trump. Earlier there were headlines saying the US and China are discussing ways to deescalate the tariff conflict such that there could be a delay to the …