Foreign Exchange Solutions

Wednesday September 30th, 2020

Risk sentiment dampens, equity markets weaken, while currency markets are mixed after the Presidential debate. The first Presidential debate described by commentators as acrimonious, with no clear winner, it raised concerns of a contested election and increased investor risk-off sentiment. If the ne...
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Tuesday 29th September 2020

Currency markets are mixed, while equity markets ease as market focus shifts to the US fiscal stimulus updates and tonights US Presidential debate. Three Fed officials will be speaking today, and their message will likely focus on the need for US fiscal stimulus relief. Dem Pelosi & The Treasury...
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Monday September 28th, 2020

Currency & Equity markets rebound from last week’s sell-off, finding support from upbeat industrial profits data from China. Global equity markets are starting the week stronger, all US equity futures also in positive territory heading into the North American open. In the latest round of Sino/...
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Friday September 25th, 2020

Global risk off sentiment continues with just 39 days until a US general election, coronavirus surging globally, and the Fed calling for more stimulus investors remain cautious. After the Fed comments this week that more fiscal stimulus is required, the US Congress appear to be hearing the message, ...
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Thursday September 24th, 2020

Risk off sentiment continues as global economic concerns drives US$ to multi-month highs. The Fed Vice Chair and the Cleveland Fed Bank President both stated that the US economy remains in a “deep hole” and renews calls for more fiscal stimulus. In Washington the political deadlock continues, an...
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Wednesday September 23rd, 2020

Currency markets remain under pressure, testing multi-week lows as risk aversion sentiment prevails. Sino/US tensions continue with The China Daily newspaper article today saying China has no reason to approve the “dirty and unfair” deal based on “bullying and extortion” talking about the Dy...
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Tuesday September 22nd, 2020

The US$ strengthened to six-week highs overnight as investors exited risker currencies over second-wave coronavirus fears and increased lockdown restrictions across Europe/UK. The US$ index gave up some of its overnight gains at the start of the North American session vs a basket of major currencies...
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Monday September 21st, 2020

Risk-off sentiment returns as rising COVID-19 cases unnerve investors causing equity and currency markets to weaken. Global covid cases surpassed 30mio over the weekend increasing fears of new EU & UK lockdowns restrictions. Global equity markets fell on economic recovery fears if new lockdown r...
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Friday September 18th, 2020

The US$ rebounds from its overnight lows as focus shifts to consumer sentiment report and US stimulus relief updates. Reps/Dems appear to be making some progress towards a new Coronavirus relief package, but a near-term deal still seems unlikely with each side having little incentive to compromise a...
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Thursday September 17th, 2020

Currency markets slip after the markets digested yesterday’s US central bank’s policy statement. The FOMC statement said it sees a long road to maximum employment, expect interest rates to remain low until 2023, upgraded its GDP forecast of achieving pre-pandemic levels from 2022 to 2021. Th...
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