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Asian FX markets once again traded in limited ranges awaiting the outcome of the Federal Open Market Committee (FOMC) meeting on Wednesday, 20 September 2023. News and data flow was very light. On the central bank front we had the…

The EUR is ending the day as the strongest of the major currencies. The USD is also mostly higher with gains vs all the major currencies with the exception of the EUR. The JPY and the NZD were the weakest of the majors. The strongest to the…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange,…

Ueda drove USD/JPY to its biggest daily loss here in 2 months:Other: Bank of Japan Governor Ueda gave an interview with Yomiuri last week. The media group published comments from the interview over the weekend. In a nutshell, Ueda said that…

Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields down 1 bps to 4.252%Gold up 0.2% to $1,923.44WTI crude up 0.7% to $87.48Bitcoin down 0.6% to $25,840It was a quieter…

Markets:Gold flat at $1918US 10-year yields flat at 4.26%WTI crude oil down 48-cents to $87.35S&P 500 up 0.2%CAD leads, JPY lagsThe euro ends the day flat but it certainly wasn't quiet as some hawkish ECB sources reports ahead of next…

Headlines:Markets:GBP leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.1%Gold flat at $1,939.05WTI crude flat at $85.58Bitcoin up 0.5% to $25,875It was a quiet one in Europe today as markets are also taking a bit…

Markets:Gold flat at $1940US 10-year yields up 8.8 bps to 4.18%WTI crude oil up $2.25 to $85.88S&P 500 up 0.1%USD leads, CAD lagsThe initial market reaction to the non-farm payrolls report was about what you would expect -- USD selling,…

Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields flat at 4.239%Gold flat at $1,914.73WTI crude down 0.2% to $79.70Bitcoin down 0.3% to $25,951It was a quiet session with…

Fed's Powell's Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone :Regarding monetary policy and rate decisions:Prepared to raise rates…