Market Reports
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1 min readWelcome to the weekly market update from IFX payments. The global economy was allowed a brief sigh of relief this morning as big movements were made in the US and China trade talks. Read on to find out more. Current rates Currency pair Rate eur usd 1.1099 gbp eur 1.1864 gbp usd 1.3170 Rates correct as […]
Read moreIFX Market Report: Wednesday 2nd September 2020
2 min readAs the dollar manages to pick up some ground from its abysmal performance yesterday, all eyes are on the US today with the ADP Employment report being released in the afternoon, followed by several Fed speeches.
IFX Market Report: Tuesday 1st September 2020
2 min readAfter an eventful week last week, dollar weakness continues as the current risk-on mood drives the greenback lower.
IFX Market Report: Friday 28th August 2020
2 min readWith the eyes of the world on Jerome Powell as he gave his speech at the Jackson Hole Symposium, the FED Chair announced, as many expected, a substantial shift the FOMC’s monetary policy strategy; they will be in fact implementing Average Inflation Targeting (AIT).
IFX Market Report: Wednesday 26th August 2020
2 min readAs the markets eagerly anticipate FED Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium, speculation about Average Inflation Targeting (AIT) being mentioned in Powell’s speech is growing by the second.
IFX Market Report: Tuesday 25th August 2020
2 min readAs the Republican National Convention got underway yesterday, the market struck a very positive tone following an upbeat message regarding Sino-American relations.
IFX Market Report: Monday 24th August 2020
3 min readOn Friday we finally saw the Dollar Index catch a bid – marking its first weekly gain since June.
IFX Market Report: Friday 21st August 2020
2 min readAfter a weak US Jobs report yesterday, in the early afternoon we saw a major USD sell-off, enabling its peers to claw back the losses they made in the greenback’s recent spike, due to the upbeat FMOC minutes.
IFX Market Report: Thursday 20th August 2020
3 min readFollowing better than expected CPI numbers yesterday, cable, having found support at 1.3230, pressed on to the 5-month high of 1.3264.
IFX Market Report: Wednesday 19th August 2020
2 min readTuesday saw yet another day of dollar weakness, with nearly all G10 currencies gaining ground on the greenback.