Asian Session Recap: Risk Aversion Hits AUD, NZD, and GBP
Weak economic releases and Brexit-related uncertainty brought back the bears to the forex yard and dragged on high-yielding currencies like the Aussie, Kiwi, and the pound.
Read MoreWeak economic releases and Brexit-related uncertainty brought back the bears to the forex yard and dragged on high-yielding currencies like the Aussie, Kiwi, and the pound.
Read MoreEven though the ECB’s asset purchase program is on track to end this month, Governor Draghi wasn’t exactly feeling optimistic about what lies ahead.
Read MoreThe ECB and SNB didn’t announce anything unexpected, so the euro was mixed while the Swissy enjoyed the risk-off vibes. The ECB presser is coming up, though, so the euro may still bust the moves.
Read MoreThere were no top-tier reports printed earlier today, but positive economic themes at play were enough catalysts for market bulls.
Read MoreIt’s back to regular Brexit programming for Prime Minister May as she was able to survive the leadership challenge on a 200-117 vote.
Read MoreA leadership challenge against Theresa May was successfully triggered, so May will be facing a no confidence vote later. The pound reacted by tossing and turning for a while, but bulls eventually won out.
Read MoreThere were no top-tier reports printed during the Asian session, but the Donald kept the party going with his comments earlier today.
Read MoreJust when it seemed that the pound might be able to keep its head afloat, talks of a possible leadership challenge to PM May spurred another leg lower.
Read MoreRisk-taking was the name of the game in Europe, so the Aussie and the Kiwi were able to claim the top spots. The safe-havens yen and Greenback, meanwhile, were the biggest victims of the risk-on vibes in Europe.
Read MorePositive U.S.-China trade updates got nothing on the bears! The small recovery in risk-taking dragged the dollar and left the Loonie eating dust. What’s up with that?!
Read MoreThere is real magic in enthusiasm. It spells the difference between mediocrity and accomplishment Peale Norman Vincent