Market Overview

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup November 20, 2019The U.S. dollar rebounded against all of the major currencies on the back of relatively...

Fresh from cutting the 7-day repo rate on Monday, China has shaved 5bps of its 1-year and 5-year Loan Prime Rates this morning to 4.15% and 4.80% respectively. It seems clear that China isn't waiting...

Federal Reserve Chair Jerome Powell was bullish on the US economy in his annual testimony to the Joint Economic Committee of Congress on Wednesday, leading him to reaffirm his earlier suggestions that...

U.S.-Sino trade 'truce' as “phase one” agreement emergesU.S.-Sino trade 'truce' as “phase one” agreement emergesChances improve for a Brexit deal, reducing some geopolitical...

November has been off to a much better start for USD than October ended. Add seasonality to the Mix, and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s...

The USD index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly charts by Friday’s close. So, will this bearish pattern live up to its grizzly name in the...

The Korean won's recent strengthening may be flagging a dramatic turn in investor sentiment. The Asian country's currency “has been the most preferred expression of deterioration in trade...

Despite the noise of US earnings thus far, the week gets serious from today as we head into a serious amount of tier-1 data with tonight's main act, the Federal Reserve FOMC rate decision due at 0200...

Brexit has moved to the season finale it seems, with UK PM Boris Johnson due to present a newly minted withdrawal agreement to Parliament on Saturday for a vote.The major sticking point from the...

FX Brief:AUD is the strongest major after AUD unemployment fell unexpectedly to 5.2%, which will be a relief for RBA. AUD/USD temporarily hit a 4-day high before paring gains, AUD/JPY broke out of...

It may still tease and disappoint us, but it seems increasingly likely that an acceptable draft Brexit agreement may emanate from the corridors of power in Brussels shortly. It will set off a flurry...

The US House of Representatives passed a human rights bill that effectively provides support to pro-democracy protesters in Hong Kong. The bill includes an annual review of whether Hong...