This article was written exclusively for Investing.com The start of Friday’s session has been good for risk assets with European stocks and US index futures rising, while in FX, the has fallen against all major currencies, including against our featured currency—the . Sentiment has been boosted among other things by ongoing stimulus hopes after Nancy

Former chairman of Morgan Stanley Asia and chief economist, Stephen Roach warns that the “conditions are ripe for a sharp weakening in the in the coming year.” The prominent economist, in fact, has been making this prediction for some time and we have been quoting him since . Since then we have written 5 posts,

There’s escalating bad blood between Australia and China—which began after the coronavirus outbreak in Wuhan, the capital of China’s Hubei provence, started its global spread—as an ongoing skirmish between the two trading partners gathers steam. The tiff appears in April when Canberra called for “all members of the World Health Organization (WHO) to support an

The finally broke down on Tuesday as it experienced its strongest one-day slide in three weeks against the U.S. dollar. We have been calling for a sell-off for days now as the rise in new coronavirus cases pose a major risk to the region’s outlook. France, Germany and Spain all reported significant spikes in cases, which

With three weeks left ahead of the US election in November, analysts at Goldman Sachs, UBS Asset Management, and Invesco are all forecasting a lower . The reason? Rising favorability polling numbers for Democratic presidential candidate, former Vice President Joe Biden versus the incumbent, Donald Trump.  Of course, it bears reminding that ahead of the

The most important drivers of forex flows this week will be stimulus talks, Brexit negotiations and new virus restrictions in Europe and Asia. Based on the continued gains in , equity traders are completely unfazed by the possibility of things going awry. Currency traders on the other hand are more skeptical with falling for the second

For U.S. assets, including the dollar, data shouldn’t be a big market-mover this coming week. Aside from Monday’s service sector ISM report, which ticked higher, the only scheduled U.S. release worth watching will be Wednesday’s . The Federal Reserve made its position very clear last month. With inflation running below target and unemployment at historically high

This article was written exclusively for investing.com There was a big risk-off move overnight as news emerged that US President Donald Trump and First Lady Melanie Trump had tested positive for coronavirus. This came as rising COVID infections in big cities, such as London and New York, have once again turned them into virus hotspots.

It is no secret that currencies take their cue from equities. Stocks extended their gains at the start of the New York session, taking high-beta currency pairs like and higher. When they U-turned mid-day, the rally in currencies fizzled. With that in mind, October is traditionally one of the most volatile months for stocks. It is

The ongoing saber-rattling on such prominent issues as trade and technology between the world’s two economic titans, the US and China, has overshadowed quiet moves in the currency market for the pair. Indeed, recently traders have boosted the yuan to its best quarter since 2008. Earlier today, the Chinese currency extended its gains after positive,