Currency markets consolidate gains ahead of Nonfarm payroll and rising Sino/US tensions. A “risk off” sentiment is growing after the US proposes to ban transactions with China’s Wechat & TikTok effective in 45 days. China responded quickly to the ban announcement saying the US would “bea...

US$ gains as risk appetite wanes ahead of the US jobless data, Senate updates on stimulus and the Bank of England’s cautious tone. The Reps/Dems continue to remain divided on the next round of US stimulus relief, which has caused the US President to threaten to use an executive order to extend the...

The US$ remains under selling pressure amid ongoing fiscal stimulus talks, geopolitical tensions and signs of a weakening economy. The Dems/Reps have reported progress in their stimulus talks, but suggest an agreement isn’t likely this week. The US President said a “Big Number” is coming in Fr...

Political Wrangling over the US fiscal relief package, the expiration of the Federal unemployment benefits program and the ongoing coronavirus concerns continue to weigh on the US$. Monday’s US ISM Manufacturing Purchasing Managers’ Index beat expectations in July, but the employment component r...

US$ is attempting to rebound after it suffered its worst performing month in a decade in July. Driving the US$ strength is investor uncertainty over the lack of progress for the US fiscal stimulus and the end of the Covid-unemployment benefits. Coronavirus surpassed another milestone with +18mio vir...

Weak US economic data, stimulus uncertainty and surging coronavirus cases are the key factors driving the US$ weaker. Yesterday’s Q2 US GDP result was the weakest quarter since the great depression, which caused the US$ to extend its selloff. The US$ in now on-track for its biggest monthly dec...

Markets stabilize after they initially slump following the record decline in the US GDP, surging COVID-19 cases and the suggestion to delay the U.S election. U.S GDP recorded its largest decline in output since the great depression showcasing the past 3 months of lockdown. The virus continues to i...

Ongoing US Fed Reserve support, US Stimulus progress stalled, and surging US coronavirus concerns dominate the headlines. The US Fed Chief says that the coronavirus surge is slowing the US’s economic recovery efforts and promises the Fed’s continued support. The total US coronavirus cases hit +4...

US$ index tests a fresh 2-year low, equity markets are mixed and Oil & Gold markets strengthen ahead of the US FOMC rate decision today. The US FED is expected to keep interest rates on hold, while expected to give a more pessimistic assessment for economic growth in the US in their statement. U...