As we enter the first trading day of September, the big news overnight was Australian GDP strongly beating expectations with a print of 9.6% Y/Y (Expectation: 9.2%). Given the turmoil particularly in Australia over lockdown measures this was a bit…

On the final trading day of the month, we should see extensive price action both in the London and US sessions. Overnight in the Asia session, the big mover was Australian Dollar which rallied 50 pips from from .7290 and…

Federal Reserve Bank Governor Powell's dovish comments on Friday regarding future tapering saw a renewed interest in buying risky assets to kick off trading in this week's Monday's Asia session. Both EUR/USD and GBP/USD are testing last week's highs early…

With the Jackson Hole Economic Symposium commencing today, we could see some price action over the weekend (likely with a risk-off tone).  Until then we have an active Friday economic calendar in the New York session.   The news releases…