Submitted Sep 9, 2019|From globalprime.com.au

Mondays tend to be a low key affair unless there is a disruption in the news flow over the weekend. The last 24h of trading was no exception, with the aggregate tick volume below the normal standards and the movements contained in familiar ranges. ...

Submitted Sep 8, 2019|From globalprime.com.au|1 comment

As the short-term angst that used to radiate out of the US-China trade war, Brexit, Italian politics or HK protests continues to dissipate, the likes of the AUD, NZD, CAD keep finding mounting buying interest, with the contrast clearly visible in ...

Submitted Sep 5, 2019|From globalprime.com.au

There is no doubt that the revitalization of the carry trade is back in vogue as high-beta currencies thrive at the expense of plummeting funding currencies, especially the JPY and the CHF, while the EUR is also under pressure, but the trading ...

Submitted Sep 4, 2019|From globalprime.com.au

A quadfecta, which in horse racing refers to picking the first four winners, could be extrapolated to the order of positive news hitting financial markets as risk-seeking strategies thrive after four consecutive risk-friendly developments occurred ...

Submitted Sep 3, 2019|From globalprime.com.au

After 2 years and a half above the boom-boost line of 50.00, the first contraction in one of the benchmark bellwether indicators of the US economic health (ISM PMI) has been confirmed, sending the USD lower, even if still under the context of a ...

Submitted Sep 2, 2019|From globalprime.com.au|2 comments

It was a quiet Monday for most of the currencies as the US and Canadian markets were closed due to Labor day, essentially clearing the landscape to make the GBP the absolute focal point as volatility, once again to the downside, hit the currency as ...

Submitted Sep 1, 2019|From globalprime.com.au|2 comments

The US Dollar has been the undisputable leader of the Forex board in the last week of trading, in what became a rather eventful month of August, characterized by the escalation of the US-China trade way, with the latest announcements to hike tariffs ...

Submitted Aug 29, 2019|From globalprime.com.au|1 comment

The back and forth in the trade war keeps the market guessing, which is causing, as highlighted in yesterday's webinar, an erratic two-way vol in the market. It took only one headline via the Chinese Commerce Ministry stating that discussions are ...

Submitted Aug 28, 2019|From globalprime.com.au

The Sterling was the main mover, this time hammered lower, after a bold move by UK PM Johnson to prorogue (suspend) the British Parliament after it returns from recess for five weeks until Oct 14th, essentially leaving very little room for MPs to ...

Submitted Aug 27, 2019|From globalprime.com.au

The Sterling, after a couple of days of retracing from its hefty levels, ended as the top performer again in a move that clearly manifests the market is pricing greater chances of the UK may averting a no-deal Brexit, even if betting markets still ...

Submitted Aug 26, 2019|From globalprime.com.au|6 comments

US President Trump, in yet another attempt to manipulate stock valuations, managed to single-handily engineer a major disruption to the 'risk-off' conditions that had engulfed the market since last Friday's ramp-up in the trade war escalation. ...

Submitted Aug 21, 2019|From globalprime.com.au

The Fed minutes dominated the proceedings in the US session, with a message largely in line with the ambiguous/conditional dovish expectations they aimed for back in July. However, the minutes no longer reflects the new lay of the land as vol picked ...

Submitted Aug 20, 2019|From globalprime.com.au

The Sterling was the main winner, and even the move occurred in the blink of an eye, in an otherwise lackluster Tuesday. The light calendar and low market participation as the summer doldrums settle in were certainly not helping the proceedings to ...

Submitted Aug 19, 2019|From globalprime.com.au

The US Dollar continues to attract the most buy-side flows in the Forex market as the thematic of 'no alternatives' to put one's capital to work in the currency space makes, by default, the world's reserve currency still the best destination to ...

Submitted Aug 18, 2019|From globalprime.com.au

It hasn't really made much of a difference whether the pendulum in risk swung left (risk-off) or right (risk-on), the steadiness of the US Dollar to hold its ground speaks volumes of the broad-based interest to accumulate the word's reserve currency ...

Submitted Aug 15, 2019|From globalprime.com.au

Two of the currencies most punished in recent times, the Aussie and the Pound, kept finding buying interest as the market adjusts expectations over the timing of the next RBA rate-cutting decision given the strong Aus jobs, while a no-deal Brexit is ...

Submitted Aug 14, 2019|From globalprime.com.au

The last 48 hours of trading since Trump partially blinked on tariffs to China have provided an important revelation in terms of the opinion the market has formed about the new all-time low in trust between the US and China, even if both sides stick ...

Submitted Aug 14, 2019|From globalprime.com.au|6 comments

Well, well, well, it's definitely getting interesting to see Trump caving in. I must admit, I did not, nor did the rest of the market, see this one coming. Testament of the surprise by everyone and their dog is found in the rampage of volatility ...