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  • Markets in Tight Range and Fed Rate Cut Awaited September 18, 2019
    The forex markets are generally stuck in very tight range today, as markets await Fed’s rate cut. Dollar is the stronger one as followed by Canadian and Yen. Australian Dollar is the weakest one so far. Sterling follows as second weakest after lower than expected consumer inflation reading. New Zealand Dollar is the third weakest. […]
  • Dollar Mildly Higher as Fed Cut Turned From Done Deal to Debatable September 18, 2019
    Dollar firms up mildly today as all eyes are on FOMC rate decision. A rate cut has turned from being a done deal to debatable, based on market pricing. While a cut is still generally expected, the greenback could be supported if Fed signals that the door for further mid-cycle adjustment is closed. Over the […]
  • Euro Recovers as German Economic Sentiment Rebounds, Dollar also Higher September 17, 2019
    Euro recovers mildly today as partly supported by strong rebound in German economic sentiment. Though, upside is capped for now as outlook for the country remains negative. Follows as the second strongest, then Yen. Fed is still widely expected to cut interest rate again tomorrow. And the question is whether Chair Jerome Powell would signal […]
  • Australian Dollar Turns Soft after RBA Minutes, on Mild Risk Aversion September 17, 2019
    Australian Dollar weakens broadly in Asian session after RBA minutes suggested more rate cuts ahead. Commodity currencies are also generally lower on mild risk aversion. There is little support from news of US-Japan trade agreement. on the other hand, Swiss Franc and Euro are trading generally stronger, followed by Dollar. The greenback is supported by […]
  • Euro & Sterling Weak after Johnson’s Meeting with Juncker Made No Progress September 16, 2019
    Euro drops broadly today on some dovish comments from ECB officials. Also, it’s believed that surge in oil prices could hurt Eurozone’s balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker ended without any noticeable progress. Generally weaker sentiments also keep Australian Dollar soft. On the other […]