Read Direct FX's weekly market news, updates on currency pairs or check out this week's calendar of economic events. Download the free Direct FX app for access to all of this and contact our FX experts if you have any questions or would like to open a free account.
Trump proposes a 5 billion Gulf rebuilding plan to reduce the reliance of traffic through the Strait of Hormuz. Talks between Middle Eastern countries have been held discussing alternative transportation routes reducing the dependence of the Strait.
Read more →Global markets risk improved a touch over the week but crosses against the greenback remain subdued. Not helping market sentiment was Trump’s recent comments early this morning saying he faces a “big decision” on whether to launch full-scale attacks on Iran.
Read more →Global markets started the week in a heavy “risk off” mood mainly due to the ongoing uncertainty brewing in the Strait of Hormuz. Fresh attacks on shipping are having a sensitive effect on the price of oil but more importantly are escalating long term effects on tanker traffic.
Read more →Global markets head into Friday cautiously as escalating Middle East tensions drive oil prices higher. The strongest main board currency this week has been the JPY while the worst performing currency has been the NZD falling around 0.5% against the crosses.
Read more →The strongest main board currency last week has been the Japanese Yen (JPY) while the worst performing currency was the New Zealand Dollar (NZD) falling around 0.6% against the crosses.
Read more →The US/Iran conflict has driven the greenback higher against the crosses over the past couple of days as risk sentiment deteriorates. Global equities took on losses amid renewed inflation fears worsen.
Read more →The Iran conflict has reignited after several days of relative peace; both the US and Iran have attacked putting markets back into volatility and uncertainty. The strongest main board currency last week was the US Dollar (USD) while the worst performing currency was the New Zealand Dollar (NZD).
Read more →The bond crisis engulfing markets last week, had seen global bond yields spike and the US Dollar tumble. This crisis was averted by Treasury Secretary Bessant, who announced a buy-back package, with the backing of an insurmountable US$1Trillion ‘General Fund’.
Read more →Markets have been consumed by a global bond market crisis. This began in the Japanese bond market, which was bailed out, by an intervention from the US Treasury. Last week the bond crisis spread to engulf the US and Europe.
Read more →
