The Krona appreciates to multi-week highs near 10.4200 vs. EUR. Risk-on sentiment supports the up move in the cross. The Swedish Krona is adding to yesterday’s gains and is now dragging EUR/SEK to the area of multi-week lows in the 10.4200 region. EUR/SEK targets the 5-day SMA at 10.4130 The cross is down for the

The request is now with the speaker’s office Now that the request has been made, we could see a three-hour debate on the subject at any given time. McGovern’s request here comes with a potential vote to force May to rewrite her letter to the EU to include a longer extension option. As mentioned earlier,

UK casually strolling into final days without a deal There’s less than 10 days to go until the UK is meant to leave the European Union and despite the growing worry around Westminster, within there seems to be a severe lack of urgency. Not only has another vote on May’s deal this week been effectively

Latest data released by the Japanese Machine Tool Builders’ Association – 20 March 2019 Slight delay in the release by the source. The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. The preliminary estimate can be found here. No changes to the final reading, so nothing really new to

Forex today in Wednesday’s Asian trading was mainly dominated by broad-based US dollar recovery, stemming mainly from mild risk-aversion amid renewed US-China trade woes and the latest reports on North Korea’s nuke testing. Among other news, China Is expected to cut the RRR next quarter that lent some support to the Aussie bulls and pushed

IBM fueled a Bitcoin and Stellar rally recently. On Monday, Big Blue announced that its Blockchain World Wire, a real-time global payments network for regulated financial institutions on the Stellar network, has expanded in more than 50 countries. IBM’s Blockchain World Wire global payment network has a couple of advantages over conventional global network payment

Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of the domestic economy, registering

Bloomberg report on the Lion Air flight that crashed in Indonesia More specifically on a flight the day before: As the Lion Air crew fought to control their diving Boeing Co. 737 Max 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot,

USD/JPY making a break tot he upside, currently trading at 111.58, up from a low of 111.35 and making a high, so far, of 111.61. Greenback picking up a bid in Tokyo. The DXY has firmed from 96.38 by 10 points and risk-FX, such as the Aussie, are taking the brunt of the move while the

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Gold rose on Tuesday ahead of the U.S. Federal Reserve kicked off its March FOMC meeting. The US central bank is expected to remain dovish as it keeps its benchmark rate unchanged. The focus will be on the language on the statement and the words from Fed Chair Jerome Powell. The Fed quickly put the

Oil prices fell on Tuesday after touching 2019 highs on Monday. US-China anxiety rose after reports of pushback form China on the US trade demands. The dispute between the two largest economies has been the biggest factor impacting global growth. Oil prices have risen thanks to the efforts of the OPEC+ how agreed to keep