DAILY HEADS-UP: Dollar Recovers on Upbeat Data

Dollar Recovers on Upbeat Data   The US dollar traded higher against its major peers on Wednesday after the stronger-than-expected June U.S. retails sales data overnight. This reduced the chance of the Fed cutting interest rate at the end of the month. Also, the...

read more

DAILY HEADS-UP: Stocks Rebound on China Data

Stocks Rebound on China Data   Asian stocks started the week on a positive note pleasing the share buyers after the release of higher-than-expected China data. Both retail sales and GDP grew beyond expectations. With this, the Australian Dollar hit its highest in...

read more

DAILY HEADS-UP: Dollar Slides on Dovish Powell

Dollar Slides on Dovish Powell   The greenback fell across the board overnight after Fed’s Chairman Powell hinted that the central bank may look at cutting rates as global growth uncertainties continued to weigh on the U.S. economy. He contrasted the continued US...

read more

DAILY HEADS-UP: Focus on Fed and Powell

Focus on Fed and Powell   Wednesday is the first eventful trading day of the week with major headlines across the FX board. Traders remain positive and cautious amid improved risk times ahead of the FOMC meeting minutes and Powell’s semi-annual testimony before...

read more