Category: Featured

The European Central Bank (ECB) went above and beyond on Thursday in rolling out an enormous stimulus package. The central bank unveiled fresh stimulus measures to bolster the eurozone,

Please find our updated Trading schedule for the Mid-Autumn Festival on 13th September 2019. Times mentioned below are Platform time (GMT +3).

Key risk events today: Europe Main Refinancing Rate and Monetary Policy Statement; ECB Press Conference; US CPI m/m and Core CPI m/m. EUR/USD: Firmer-than-forecast US PPI contributed to the buck’s advance Wednesday, though the dollar index largely broke higher on the back of pronounced euro weakness ahead of today’s ECB policy decisions and President Draghi’s … Continue reading Thursday 12th September: Euro tests 1.10 ahead of ECB policy decisions and President Draghi’s press conference.

Key risk events today: US Core PPI m/m; US PPI m/m; Crude Oil Inventories. EUR/USD: Trading volume remained light Tuesday, confined within the previous range. The US dollar index is somewhat firmer, though was also within Monday’s trading range, with desks attributing the limited bouts of upside to risk aversion, as stocks turned lower. Considering … Continue reading Wednesday 11th September: Dollar index hovering north of weekly support ahead of PPI data.

Global Markets: Asian Stock Markets : Nikkei up 0.32%, Shanghai Composite down 0.17%, Hang Seng up 0.10%, ASX down 0.63% Commodities: Gold at $1496.05 (-1.00%), Silver at $17.92 (-1.35%), Brent Oil at $62.83 (+0.38%), WTI Oil at $58.11 (+0.45%) Rates : US 10-year yield at 1.644, UK 10-year yield at 0.589, Germany 10-year yield at … Continue reading Tuesday 10th September: Asian market mixed on Chinese economic data and ahead of central bank meetings