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The Brexit effect

On Thursday 24th June 2016, Britain voted ‘Leave’, opting to quit the European Union. 

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Crunch time: Brexit or Bremain?

This week, the UK will hold a historic referendum on Thursday 23rd June where voters will answer Yes or No to the question “Should the United Kingdom remain a member of the European Union or leave...

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June rate hike off the table

Last Monday, Yellen expressed her disappointment on the weak labour market report which indirectly took the June rate hike off the table. 

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Gold slumps on Fed rate outlook

Late last week, Federal Reserve Chair Janet Yellen said the improving U.S. economy meant another interest-rate hike would probably be in order “in the coming months,” pushing the dollar to its...

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Hawkish minutes propel the dollar

Hawkish FOMC minutes showed most Fed officials believed a rate hike in June is likely if the economy supports it.  EURUSD dropped to 7 weeks low.

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Strong spending boosts Greenback

Stronger than expected spending in US boosts the greenback to end the week higher.  Could the momentum carry on this week? 

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Gloomy skies loom

RBA cuts interest rate to historical low.  China, UK and US data under-perform.  Where is the ray of hope amidst the gloomy skies?

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Euro on roller-coaster ride

ECB kept interest rates unchanged, but the Euro went through a roller-coaster ride.

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Freeze talk freezes

The highly anticipated meeting in Doha, Qatar ended without any agreement.  WTI gapped 2,000 points, fell below $40 a barrel. 

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Risk aversion dominates

Risk aversion drives demand in safe-haven, USDJPY plunges to 18-month low.

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