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In terms of economic data, Friday is the most important day this week. Markit Economics will be releasing PMI numbers for Australia, the Eurozone, UK and the U.S. These are important reports because...
With 13 days until the U.S. presidential election, it is no surprise to see investors selling U.S. dollars. President Donald Trump and Democratic presidential nominee Joe Biden are locked in a tight...
Former chairman of Morgan Stanley Asia and chief economist, Stephen Roach warns that the “conditions are ripe for a sharp weakening in the US dollar in the coming year.”The prominent...
The U.S. dollar traded lower against most of the major currencies on Monday as the new stimulus deadline looms. Over the weekend, House Speaker Nancy Pelosi gave the White House a 48-hour deadline....
The U.S. dollar traded higher against most of the major currencies on Friday thanks to better than expected economic data. Consumer spending rose 1.9% last month, more than two times the...
The U.S. Presidential Election is three weeks away and investors are finally beginning to feel the jitters. Stocks sold off for the second day in a row, driving currencies lower in the process. This...
The euro finally broke down on Tuesday as it experienced its strongest one-day slide in three weeks against the U.S. dollar. We have been calling for a sell-off for days now as the rise in new...
The most important drivers of forex flows this week will be stimulus talks, Brexit negotiations and new virus restrictions in Europe and Asia. Based on the continued gains in US stocks, equity...
The euro is overdue for a correction. For the past two weeks, it quietly traded higher before consolidating within a narrow range versus the U.S. dollar. Throughout this time, there’s...
The best way to describe how the equity and currency markets have been trading this month is erratic. This may not be unusual for October, which is historically the most volatile month for...
Late Tuesday, U.S. President Donald Trump pulled the plug on stimulus talks, sending currencies and equities sharply lower. He instructed his staff to stop negotiating until after the election,...
For U.S. assets, including the dollar, data shouldn’t be a big market-mover this coming week. Aside from Monday’s service sector ISM report, which ticked higher, the only scheduled U.S....
In our last note, we talked about all of the reasons why this October could be a spooky one for the markets. This morning’s curveball is an example of the surprises that could be in store this...
This article was written exclusively for investing.comThere was a big risk-off move overnight as news emerged that US President Donald Trump and First Lady Melanie Trump had tested positive for...
It is no secret that currencies take their cue from equities. Stocks extended their gains at the start of the New York session, taking high-beta currency pairs like EUR/USD and AUD/USD higher....