Saturday, June 6, 2020
FX trading was subdued on Monday which is to be expected when the two largest trading centres in the world are closed for a holiday.  Political theatre never takes a break, and on Monday, Italian politics proved the point. ...
It will be a very dull start to what should become a very busy week. Holidays in Great Britain and the United States and a lack of actionable economic data everywhere will suck the lifeblood out foreign exchange markets. Friday...
The US dollar has been on the defensive since yesterday’s open in Malaysia.  It has lost ground against all the G10 majors except the Canadian dollar.  The Japanese yen gained the most in the past 24 hours, and it...
The minutes from the May 2 Federal Open Market Committee meeting (FOMC) are released tomorrow afternoon.  They could be a big deal because many market participants believe they will provide clues as to the pace and magnitude of future...
FX markets traded with far more enthusiasm than what normally occurs on a Monday with major holidays in Europe and Canada, especially when the data cupboard was as bare as it was. UK FX traders did not appear to care...
The US dollar kicked off another rally late in the European morning session but that rally stalled in early New York trading.  Eurozone inflation data met expectations and was a non-factor for traders.  A Reuters story that Italy’s 5...
The New York trading session was a tale of two greenbacks.  It started at the open with the dollar that no one wanted and finished the day with the dollar that everyone wanted.  There wasn’t a particular reason for...
The past week was filled with concerns about the state of China/US trade talks,  a possible May 17 deadline for NAFTA talks, and contagion worries around the US decision to quit the Iran nuclear deal.  Those concerns will dominate...
It was “Super Thursday” in the UK.  For nimble traders, it was indeed “super.”  Sterling bulls rode GBPUSD from 1.3520 prior to the UK data and Bank of England, to a peak of 1.36116.  Hopefully, they closed their positions. ...
FX markets were a tad bouncy during the New York session.  UK politics, Middle East tensions and month-end portfolio flows led to good two-way dollar demand. Widen spread May Day holidays across the globe suggest FX volumes will be...

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