Asia FX falls, dollar firms on hawkish Fed mins; Aussie gains on strong jobs

The Dow Jones Index (US30) was down 2.48% on Monday. The S&P 500 Index (US500) decreased by 2.36%. The Nasdaq Technology Index (US100) fell 2.46%. The US stocks fell sharply on Monday after President Trump stepped up criticism of Federal Reserve Chairman Jerome Powell, heightening concerns about the Central Bank’s independence and undermining investor confidence….

FX markets feel like they’re pacing the corridor outside an operating room—everything quiet, everything tight, but you can hear the tension humming through the walls. My FX colleagues are bracing for what they’re calling the “tech tantrum,” a potential unwind in the most crowded trade of the decade. And with FOMC minutes, Nvidia (NASDAQ:NVDA) earnings,…

The ECB is done, the Fed is just starting. If the divergence in monetary policy means anything to Forex, the EURUSD will go up. Yes, the yield differential of American bonds is still significantly higher than that of their German counterparts. However, historically, a narrowing of the spread leads to a strengthening of the euro….

Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…

Mary-Ann Stephenson has been confirmed as the new chair of the equalities watchdog, after the government overruled the objections of parliament’s equalities committee over her suitability for the job. Stephenson, the chair of the Women’s Budget Group, will take on the role at the Equality and Human Rights Commission (EHRC) in December. It includes responsibility…