weekly forex

Finance ministers of the G20 countries, comprising of both developed economies and emerging markets met over the weekend in Shanghai to discuss the financial markets and the global economies. The meeting ended without a bang as members of the G20 released the official communiqué which highlighted the heightened risks to global economy on weakeni...

2016-02-29 John Benjamin Read more
currencies_yellen

Image via International Monetary Fund, IMF Staff Photograph/Stephen Jaffe Since January this year, Central Bankers have tried their best to soothe the markets in a bid to weaken their currencies and boost the equity markets. Mario Draghi was the first to attempt during his ECB press conference. The markets did take heed back then but the rally ...

2016-02-10 John Benjamin Read more
US data

The US Dollar saw one of the strongest intraday sell-off during the NY trading session yesterday, losing over -1.52% for the day. The US Dollar Index, which opened at 98.82, closed the day at 97.30. Yesterday's declines are only second to the -2.10% decline seen on December 3rd when the ECB failed to expand its QE. [caption id="" align="ali...

2016-02-04 John Benjamin Read more

China's weak trade balance numbers saw the markets take a breather as the commodity risk currencies eased back from their strong rallies. In early Asian trading the AUD, NZD and the CAD were seen trending lower while the Japanese Yen surged with gains, currently up 0.16% at the time of writing. The Asian equity markets were seen to be trending w...

2015-10-13 John Benjamin Read more