Foreign Exchange Solutions

Tuesday March 10th, 2020

  A cautious level of calm has returned to the markets with US stimulus hopes and positive signals on the coronavirus. The US$ rebounded ahead of today’s news conference where the U.S. President is expected to announce economic measure to respond to the coronavirus. Chinese President Xi J...
Read More

Monday March 9th, 2020

Fears of an outright recession is gripping global markets as the coronavirus continues spreading, creating extraordinary volatility across the markets. Coronavirus cases increased to +110K globally, of which 10k cases are now reported in Europe. Oil prices fell over 30% in their biggest daily fall ...
Read More

Friday March 6th, 2020

A volatile end to the week which has seen central banks cutting interest rates, equity markets weaken, Gold’s biggest weekly gains since 2011 and US bond yields on course for their worst week since 2016. US$ tumbles verses the major currencies with JPY breaching 105 level and Euro above 1.13 a...
Read More

Thursday March 5th, 2020

The USD remains under pressure as investors priced in the possibility of more monetary policy easing by the Fed. Investors noted that the Fed had mentioned the coronavirus 48 times in its latest Beige Book report, indicating that the Fed are highly concerned about the virus’ negative effect o...
Read More

Wednesday March 4th, 2020

Investors were surprised by the FEDs 1/2% cut in interest rates on Tuesday and disappointed with the G7’s lack of specific responses to the coronavirus. Equity markets weakened on the rate cut news as investors worry that the cut won’t be enough to combat the coronavirus’s economic...
Read More

Tuesday March 3rd, 2020

Equity and commodity markets continue to rebound pinning their hopes on central banks and the G7. The G7 finance ministers and key central bankers will hold a conference call today to discuss the widening coronavirus outbreak and its economic impact. The WHO chief warns ‘we are in uncharted ...
Read More

Monday March 2nd, 2020

The global markets appear to be calming after the FED, BOJ and BOE all suggesting that they could cut rates in a response to the coronavirus. The weakness in the Asian & trade-related currencies has stalled, AUD bounced off its 11 year low and CNY hit a 3 week high vs US$. US$ sold off […...
Read More

Friday February 28th, 2020

Fears of a coronavirus pandemic and the potential ensuing impact on the global economy saw investors dump risker assets, causing equity markets to tumble. Asian & trade-related currencies sold off, as well as US$, with investors switching to JPY, CHF and Euro. Concern that the FED will cut rates...
Read More

Thursday February 27th, 2020

The growing spread of the coronavirus outside of China and the fear of a pandemic is impacting equity, commodity and currency markets alike. Equity and commodity markets have fallen significantly, causing central banks to consider cutting interest rates in an attempt to stem a possible global econom...
Read More

Wednesday February 26th, 2020

A stark warning from the US that a Coronavirus pandemic is inevitable causing global equity markets to tumble. Current virus cases stand at +81,100, with 2765 deaths of which 16 are in Iran and S.Korea reported 284 new cases bringing its total to 1,261. US$ recovered from it’s 2 week low as in...
Read More