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USDCNH after rate cut

  By: Ady Phangestu The PBOC injected 50 billion Yuan into the market – the first step to increase liquidity for 29 days. This...

FX Update – Sterling Soft & CADJPY – A Perfect Storm

  By: Stuart Cowell GBPUSD & CADJPY, H1 Cable is softer today after last week’s rally. The pair posted a 17-day high at 1.2486 on Friday, which...

Another Friday cut from BOC

  By: Stuart Cowell USDCAD, H1 Bank of Canada cuts rates by 50 bps to 0.25%. A rate reduction to the 0.25% setting was widely...

FX Update – 27 March 2020

  By: Stuart Cowell USDJPY, H1 The Dollar declined and then recovered some of its losses, which saw the narrow trade-weighted USDIndex print a nine-day low at 99.15 before...

US Claims & GDP – 2 Sides of the COVID-19 Coin

  By: Stuart Cowell The 3,001k initial claims surge to an unprecedented 3,283k in the third week of March dwarfed the 71k rise to...

Durable Goods bounce but what’s next?

  By: Stuart Cowell GBPUSD, H1 The 1.2% February US durable orders bounce beat estimates thanks to a 4.6% transportation gain, though orders ex-transportation fell...

FX Update – March 25 – USD Cools

  By: Stuart Cowell USDCAD, H1 The commodity (AUD again today’s best performer) and many developing world currencies have continued to rebound, while the Dollar, Yen...

FX Update – March 24 2020

By: Stuart Cowell AUDUSD, H1 Currencies moved in a risk-on formation, with the Dollar, Yen and Swiss franc weakening against most other currencies, with the commodity and many developing-world...

BOE lowers again and adds more QE

  By: Stuart Cowell GBPUSD, H1 The BOE lowered rates to 0.10%. The BOE says it will increase holdings of government bonds (new QE). The...

Have we reached a bottom already?

  By: Andria Pichidi Cryptocurrencies could not remain outside the global selloff, with BTCUSD reaching $3,762.50 lows on Friday the 13th, while this week...