Monthly Archives: September 2016

DB JITTERS FINALLY SEND EUR/USD TUMBLING.

Concerns over the financial stability of Deutsche Bank spilled over to the whole European banking sector, dragging the DAX down by more -1.5% and sending EUR/USD towards the 1.1150 level as risk aversion sentiment flared up at the start of … Continue reading

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Deutsche Bank Crashes

The biggest story in the financial markets today is Deutsche Bank and the growing fear that they will become the next Lehman Brothers. In the last 24 hours shares of DB has fallen more than 7% intraday, the Dow dropped … Continue reading

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ASIA SENDS USD/JPY SOARING.

The news of the OPEC agreement on new quotas reverberated in the currency market tonight, lifting the commodity currencies and sending USD/JPY above the 101.50 level in Asian session trade, but the gains in the commodity dollars did not last, … Continue reading

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#US data unconvincing #forex

Yesterday, US Markit PMI service data came in higher at 51.9 from 51.0 in August. The increase was good news on the face of it, following some shaky service sector feedback of late. However, when looking at the composite index, … Continue reading

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Usd Rallies

With economic news essentially non existent today, the price action in the currency market was dominated by US politics as traders reacted to the the first Presidential debate between Hillary Clinton and Donald Trump. Mr. Trump, whose controversial remarks about … Continue reading

Posted in Fx Market