Latest Updates

EURUSD Rises Following Very Soft US PMI Figures

EURUSD volatility has risen noticeably in today’s session as the price earlier today created a new weekly high, followed by a fresh weekly low four hours later. At the time of writing the price was rising again, following very soft US Markit PMI figures. In particular, the service sector index [...]
Dow Jones Climbs Above 100 Day MA

Dow Jones Climbs Above 100 Day MA

Wall Street indices spiked higher today with the Dow Jones adding 0.53% at 26,342.15. The Nasdaq currently is trading 0.27% higher at 8,041, while the S&P 500 trading 0.44% higher at 2,937.38. The Fed released yesterday the minutes from its FOMC July meeting. The 25 basis points “insurance cut” decision [...]

EURGBP Falls on Macron’s Skepticism of New Withdrawal Agreement

Both French President Emmanuel Macron and British Prime Minister Johnson have made comments to the press ahead of their planned meeting today. French President Emmanuel Macron has described the backstop as the 'protector of stability in Ireland," reiterating that both sides needed to prepare for a possible no-deal Brexit, even [...]

Chinese Yuan Selloff Triggers Return of Risk-off Sentiment

Thursday saw the re-entrance of risk-off sentiment in Asian trading, sparked by a sharp sell-off of the Chinese Yuan. The Yuan hit the 7.0750 price level, marking lows which have not been seen since 2008. Chinese News Agency Xinhua quoted a spokesman for the Chinese Foreign Ministry as saying that [...]
DAX Lower After Fed Minutes

DAX Lower After Fed Minutes

DAX index trading 0.18% lower today at 11,781 as investor’s turn cautious after the Fed minutes released yesterday and despite some positive macro data from EU today. Germany’s Manufacturing PMI came in at 43.6 beating expectations of 43 in August while the Composite PMI also came in at 51.4 above [...]