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Global FX Insights

Trade tension back in the spotlight

Next 24 hours: A trend of buying stocks and selling US Dollars

Today’s report: Trade tension back in the spotlight

Tension between the US and China is back in the spotlight and playing its part to weigh on risk sentiment into Thursday. There wasn’t much to take away from the Fed Minutes out late Wednesday, with the key takeaway, if there was one, that the Fed continues to appeal to the government for more fiscal stimulus.   read report

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Wake-up call

Next 24 hours: There will be blood

Today’s report: How OIL did the unthinkable and went negative

A major disruption in the OIL price has cast a dark cloud on global markets to start the week. On Monday, the May contract for WTI crude OIL did the unthinkable, collapsing to a record low and deep into negative territory.   read report

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Wake-up call

Fear of outbreak triggers risk off

Next 24 hours: Pound and Euro propped up on data

Today’s report: Fear of outbreak triggers risk off

Markets get back to fuller trade, with the US returning after being out for MLK Day. There has been an early wave of risk liquidation, with many attributing the selloff to worry associated with a possible spreading of the deadly coronavirus, which already has been reported as moving outside of China to South Korea, Thailand and Japan.   read report

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Wake-up call

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