
HUBFX NEWS
Keep You Up-to-date with the FX Markets
- Risk profile remains sluggish during early Wednesday as traders seek clear directions amid no concrete positives from US President Joe Biden’s State o
- AUD/USD holds onto the previous day’s recovery moves near 0.6960 as buyers keep the reins on crossing the 200-bar Exponential Moving Average (EMA) dur
- New Zealand’s new Prime Minister Chris Hipkins said on Wednesday, “minimum wage to rise in line with CPI from April.” Additional quotes Minimum wage i
- More comments are flowing in from the Bank of Canada (BoC) Governor Tiff Macklem, as he continues to speak on the monetary policy outlook. “Flags debt
- EUR/USD floats around 1.0725-30 after snapping a four-day downtrend as the pair traders struggle to believe in the hawkish comments from US President
- US President Joe Biden is delivering his second State of the Union address to a Joint Session of Congress at the Capitol on Wednesday. US State of the
- by Daniel McCarthyThe gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.
- by John KicklighterDid Powell cap interest rate expectations and in turn revive the Dow and other risk benchmarks? More likely, fed rate expectations fueled by last week’s strong data run has likely find a natural equilibrium; but that means risk trends and the Dollar need a new guiding fundamental light to render tentative breaks into viable trends.
- by John KicklighterFrom its peak above 1.1000 last week, EURUSD has produced a significant reversal that has undermined a rising channel/wedge stretching back to November. Yet, bearish momentum started to flag this past session between a leveling of US rates and in the aftermath of remarks from Fed Chairman Powell.
- by Warren VenketasThe U.S. dollar looks to be set on a hawkish address by Fed Chair Jerome Powell with the DXY trading at a key resistance zone.
- by Tammy Da CostaUSD/ZAR Price action has stalled after a brief retest of 17.700. As Eskom continues to place pressure on the EM currency, technical levels hold firm.
- by Zain VawdaGBP/USD appears vulnerable as markets await comments from Fed Chair Powell. Hawkish rhetoric from the Fed Chair likely to keep the greenback supported.
- by Richard SnowBP’s record profit helps drive the UK index higher just days after Shell smashed its previous best earnings. Oil, mining, and financials continue to lead the index
- by Nick CawleyUS Treasury yields have re-priced sharply higher after last Friday’s NFP report and this has left gold vulnerable to further losses in the short term.
- Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
- Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
- Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
- Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
- Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
- Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.