The US Dollar may rise versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit if capital flows out of ASEAN countries as key US data stokes the selloff in equities.
Blogs
NZD/USD RSI Sits in Oversold Zone as RBNZ Launches QE Program
NZD/USD struggles to preserve the rebound from late last week as the Reserve Bank of New Zealand (RBNZ) launches a Large Scale Asset Purchase programme (LSAP).
US Dollar, S&P 500 Eyeing Bipartisan US Fiscal Stimulus Package
Volatility in the US Dollar and S&P 500 may be amplified in the coming days as Congress attempts to hammer out the details of a bipartisan fiscal stimulus package to counter the coronavirus.
Yen May Gain as Weekend Dow Jones Futures Fall, NZD Eyes RBNZ Stimulus
The Japanese Yen may gain with weekend Dow Jones futures pointing lower into Monday’s session. NZD/USD could fall after the RBNZ announced a bond-buying program to support growth.
European pre-market: Dollar softer amid risk-off mood
The dollar is keeping lower for the most part to start the session ForexLive Asian equities are rotting today with the Hang Seng closing in on 5% losses with Chinese equities having just extended losses to over 3% ahead of the close. Meanwhile, India's Sensex index is down by nearly 12% as stocks take a […]
Trade ideas thread – European session 23 March 2020
Daily thread to exchange ideas and to share your thoughts The dollar is on the back foot to start the day but much like Friday, things can quickly turn on its head in this kind of market as volatility remains heightened and there are still ongoing worries surrounding the coronavirus outbreak globally.
Nikkei 225 closes higher by 2.02% at 16,887.78
The Nikkei is the exception to the rule to start the trading week Elsewhere in the region, it is but a bloodbath as the Hang Seng is down by over 4% with Chinese equities seeing over 2% losses on the day.
Japan says not considering to cancel the Olympics at all
Comments by Tokyo 2020 director general, Toshiro Muto The logical step would be to postpone the event given current circumstances but we'll see what happens over the next month or so. But Japan has been adamant that they don't see a reason for the games to be called off altogether.
Singapore core inflation falls for the first time in a decade
Deflation risks are going to be a concern in the aftermath of the virus outbreak ForexLive The market may be consumed by headlines surrounding the virus outbreak and global shutdowns, but one major issue that we will be faced with when all this is said and done is the fear of prolonged deflationary pressures across […]
India halts stocks trading as Sensex slumps by 10%, triggers circuit breaker
A rough day for AxJ equities to start the week The only outperformer is the Nikkei, which is up by just over 2%, as Japan returns from the long weekend and the BOJ continuing to bolster the market by buying up ETFs.