In The Press

AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is on offer this morning against the US dollar even though the greenback remains relatively flat as measured by the DXY index. The selloff stemmed initially from concerns around the Chinese economy as the Pooch cut both the...
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The euro could attempt to recoup some of the recent losses against some of its peers, thanks to the European Central Bank’s (ECB) hawkish hike, oversold conditions, and a spate of underwhelming Euro area macro data. However, still-elevated speculative long EUR positioning could limit the...
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The Japanese yen fell slightly against the US dollar after the Bank of Japan’s (BOJ) maintained ultra-loose policy settings, especially the closely watched yield curve control (YCC) policy, in a bid to support the nascent economic recovery and sustainably achieve its inflation goal. The BOJ...
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CRUDE OIL FUNDAMENTAL BACKDROP Crude oil remains relatively depressed this Thursday morning after a drop yesterday post-FOMC. The Federal Reserve decided to keep rates on hold; however, central bank guidance was rather hawkish considering the lead-up to the announcement was on the bearish side after...
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UK GDP IS POSITIVE AT SURFACE LEVEL The British pound back in the picture once more this morning with UK GDP being the focal point for traders. Cable is trading relatively flat after yesterday’s positive close due to UK GDP releasing in line with expectations...
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