Bank of England FX data show shift to options for hedging
Strong growth in options trading highlighted in the latest FX data from the Bank of England is indicative of a move away from the use of forwards and swaps for hedging, say market participants. The Foreign Exchange Joint Standing Committee...
Russian retail lending growth sparks overheating fears
A sharp rise in retail lending in Russia over the last 18 months has raised fears that the sector could be heading for a second crisis in less than a decade. Growth in the segment came to a standstill in...
Long vs Short Positions in Forex Trading
Understanding the basics of going long or short in forex is fundamental for all beginner traders. Taking a long or short position comes down to whether a trader thinks a currency will appreciate (go up) or depreciate (go down), relative...
AUDUSD Pares Some Losses In Short Term, Hits 40-Day SMA
AUDUSD has been paring some of the previous days’ losses since yesterday, following the rebound on the 0.7050 support level. Currently, the price is challenging the 40-simple moving average (SMA) in the daily timeframe, successfully surpassing the 23.6% Fibonacci retracement...
Euro Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the EUR rose 0.51% against the USD and closed at 1.1333. In the US data indicated that the US NFIB small business optimism index dropped to a two-year low level of 101.2 in...
British Pound Trading Higher In The Morning Session
For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2894. The Bank of England Governor, Mark Carney warned that a no-deal Brexit would create an “economic shock”. Hence, he urged MPs to...
Yen & Dollar Tumbles on US-China Trade Optimism, Kiwi Surges on RBNZ
Strong risk appetite dominates the financial markets today. Investors are getting more optimistic on US-China trade negotiations, with another round of talks happening in Beijing now. Both sides seem to express more desire to make a deal. Trump hinted that...
NZD Jumped although RBNZ Postponed Timing of Rate Hike (At Least Not Expecting a Cut)
Kiwi rallied although RBNZ left the OCR unchanged at 1.75% as anticipated. The central bank did turn slightly more dovish than in November but the market had expected more. The central bank indicated that “the tailwinds to growth have eased”...
The US trade deficit with China ‘will reverse’ in the long term, Alibaba co-founder says
Alibaba co-founder Joseph Tsai told CNBC on Tuesday that the “structural issue” of the United States’ trade gap with China will reverse itself as the Chinese ramp up imports. The trade deficit will shrink once the Chinese government begins purchasing...
Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more
Check out the companies making headlines after the bell: Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell...