Blogs
US Dollar advances as Fed decision looms
The US Dollar (USD) Index soared on Monday, trading at 103.75 with gains hitting highs unseen since mid-December.
AUD/USD advances despite USD strength, Australian Retail Sales
On Monday's session, the AUD/USD forged ahead with 0.50% gains to settle at 0.6610.
Mexican Peso finished Monday’s session down as US Dollar pares gains
The Mexican Peso (MXN) begins this week on the back foot for the third consecutive week against the US Dollar (USD) as traders remain cautious ahead of the US Federal Reserve’s (Fed) monetary policy decision.
WTI drops amid China’s property crisis, ahead of FOMC’s meeting
West Texas Intermediate (WTI) drops sharply more than 1.50% on Monday, after failing to crack a key technical resistance level, along with demand woes sponsored by China’s property crisis.
EUR/USD prods the low end near 1.0800 as Euro broadly underperforms
EUR/USD fell to its lowest bids since mid-December, testing the 1.0800 handle after European Central Bank (ECB) officials left the doors wide open for rate cuts much earlier than investors had previously anticipated.
Canadian Dollar hesitates with Canada GDP, US Fed rate call in the pipe
The Canadian Dollar (CAD) eased on Monday, backsliding after Crude Oil markets snipped away the week’s opening highs as the trading week kicks off with a light economic calendar on offer.
European stocks mixed on Monday as markets look to earnings and ECB rate call
European equities spread on Monday as markets compare last week’s rate hold from the European Central Bank (ECB) mixes like water and oil with early rate-cut talk from ECB policymakers to spark headlines as the new trading week gets underway.
AUD/JPY trades with mild gains, bulls struggle to gain further ground
On Monday's session, the AUD/JPY was seen trading at 97.40, shedding off mild gains after peaking at a high of 97.75.