Asian Currencies Tumble With Rising US Dollar And Election Jitters

What’s going on here?Emerging Asian currencies like the Singapore dollar and Malaysian ringgit are struggling, facing their steepest declines in years due to concerns over potential delays in US interest rate cuts and uncertainty surrounding the upcoming presidential election.What does this mean?The US dollar has been climbing, marking its largest monthly gain in over two years as investors recalibrate expectations…

EUR/USD Signal Today – 31/10: Euro Soars Wed (Chart)

Created on October 31, 2024 Potential Signal:while I’m not necessarily too excited about the idea of owning the euro, the reality is that you have to trade the market that you have got. If we can get a break above the 200 Day EMA, essentially the 1.09 level, then I would be a buyer with a stop loss at the…

Sterling a little weaker as the dust settles on the budget – ING

Labour's large tax-and-spend budget – described by some as an ‘old Labour’ policy – is still reverberating across UK asset markets, ING’s FX analyst Chris Turner notes. New Gilt supply coming dangerously close to £300bn “The Pound Sterling (GBP) briefly got a lift yesterday on the view that the budget was stimulative and that the Bank of England easing cycle would need to…

Euro

EUR/USD Signal Today – 31/10: Euro Soars Wed (Chart)

Created on October 31, 2024 Potential Signal:while I’m not necessarily too excited…

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